Mumbai, March 27 -- EBCO is a British company distributing electric bikes designed for the rapidly expanding British e-bike market. The company has tie ups with most major dealers across the United Kingdom (UK). The turnover was Rs 7.07 crore with a loss after tax of Rs 15.15 crore in FY24.

TVS Motor (Singapore) views EBCO as a long-term partner in expanding its presence in the e-bike industry. The company plans to acquire the remaining stake in EBCO through its Singapore subsidiary, TVS Motor (Singapore).

As a result, EBCO has now become a wholly owned subsidiary of both TVS Motor Singapore and TVS Motor Company.

TVS Motor Company is a reputed two- and three-wheeler manufacturer globally. It has four manufacturing facilities in India ...