TVS Motor Company, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Limited, has signed an agreement to acquire EV-related technology and assets in Germany.

“TVS Singapore will acquire assets through its subsidiary BBT 35/22 Vermögensverwaltungs GmbH, which will be renamed Celerity Motor GmbH,” TVS Motor said in a stock exchange filing on December 9.

Last month, the company announced the opening of its first TVS experiences centre in Singapore as part of the company’s global expansion plan.

The brand-new TVS Experience Centre offers a range of premium motorcycles, including the flagship models TVS Apache RR310 and TVS Apache RTR. TVS Motor has partnered with “Motorsport Pte Ltd (part of Chong Aik Group)” who will be the dealer for the Singapore market.

Shares of TVS Motors were up 0.83% at Rs 1,034.30 per share on the BSE at 10:41 am.