The strategic integration builds upon TVSM’s existing relationship with ION Mobility, where it had previously served as a strategic investor. ION Mobility, known for its comprehensive EV solutions, specialises in industrial design, mechanical and electrical engineering, software development, and supply chain management.
In an exchange filing, Sharad Mohan Mishra, President, Group Strategy, TVS Motor Company, said: “We were an early strategic investor in ION Mobility … Our ‘Reimagine 2030’ vision strongly aligned with their mission … Combined with our R&D depth, quality systems, and manufacturing scale, this partnership positions us to accelerate market penetration and grow our share across Southeast Asia.”
The integration aims to capitalise on Southeast Asia’s flourishing motorbike market, which TVSM views as a key growth opportunity for its EV business. The move aligns with the company’s broader strategy to expand its electric vehicle footprint in the region.
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