chennai tvs motor company through its wholly owned subsidiary tvs motor singapore has signed an agreement to acquire evrelated technology and assets in germany tvs singapore will be acquiring the assets through its subsidiary bbt 3522 vermgensverwaltungs gmbh the company did not reveal the size of the deal the acquisition will help strengthen the tvss expansion in the ev twowheeler market globally the company said in its stock market notification on friday this comes on the heels of tvs announcing earlier this week that it is acquiring 100 stake in bbt 3522 vermgensverwaltungs gmbh for 25000 euro the german companys name would be changed to celerity motor gmbh said the stock market filing by tvstvs has been aggressively acquiring evrelated businesses in europe the company is using a combination of partnerships like with bmw or ma as in the case of norton swiss emobility group and ego movement alongside building ev capability in india the company leadership have in the recent past outlined its electric plans including rolling out products both in twowheeler and threewheeler categories across multiple ev platforms both for the indian market and for global markets the company is already working on a number of new platforms for its ev launches and has announced that it will launch electric vehicles in the 525 kilo watt hour range both twowheelers and three wheelersapart from this the company is developing an electric twowheeler platform with bmw motorrad in sub15 kilo watt hour range while tvs subsidiary norton is working on an electric superbike as a luxury global product this is part of nortons plans of developing electric motorcycles in the uk after winning significant investments from the uk governments advanced propulsion centre scheme tvs also plans to use its other european electric acquisitions swiss emobility group and ego movement to tap the fast growing emobility market in europe which is the largest outside of china