TVS Motor Company has established its Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy with the decision to acquire 100 per cent ownership of Engines Engineering S.p.A., an Italian automotive design and engineering powerhouse known for advanced prototyping, innovation in high-performance motorcycles, and deep experience in MotoGP racing.

The company in an announcement to the stock exchange said that the cost of acquisition is €5.05 per share, amounting to a total consideration of €50,50,000 to acquire 10,00,000 equity shares (100 per cent).

The CoE is designed as a concept-to-product innovation hub integrating Engines Engineering’s expertise with TVS Motor’s global R&D capabilities. “By uniting diverse engineering teams and expanding access to global talent

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