EGO: Indian TVS Motor Company acquires majority stake in EGO Movement
TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, acquired a majority stake of EGO Movement in an all-cash deal. TVS Motor Company is the flagship company of the USD 8.5 billion TVS Group.
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EGO is a Germany-based automotive company that designs, manufactures and sells electric bikes for the commercial market.
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