TVS Motor Divests Stake In Ion Mobility

TVS Motor Company announced that it has divested its stake in Ion Mobility Pte. Ltd. TVS had invested in Ion Mobility via its subsidiary TVS Motor (Singapore) Pte Ltd in 2023. The investment was made to drive its reach in the Singapore and Indonesian market via the M1-S electric scooter. The stake has been sold by TVS to Ion Mobility and Chan Lianghong James, promoter of Ion Mobility. 

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The transaction included TVSM Singapore exchanging its equity in Ion Mobility for $1.75(₹14.97 crore). The release also mentioned that Ion Mobility added ₹73.67 crore to TVS Motor’s net worth in FY 2023-24. The transaction value was calculated based on a report from an independent valuer to ensure transparency in the process. The above deal was concluded on March 21. 2025 but there has been no reasoning given by either of the brands for TVS’s disinvestment.