CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which Indian automotive company has acquired a 75 percent stake in the Swiss e-Mobility Group (SEMG) for $100 million?

A	Eicher Motors
B	Bajaj Auto Limited
C	Honda Motor Company
D	TVS Motor Company

Explanation:

Detailed explanation-1: -TVS Motor Company on January 27 announced that it has acquired a 75 percent stake in Swiss E Mobility Group AG (SEMG).

Detailed explanation-2: -TVS Motor Company, an Indian automotive manufacturer, announced that it has acquired a 75% stake in the Swiss E-Mobility Group (SEMG).

Detailed explanation-3: -TVS acquired EGO Mobility, a Swiss e-mobility solutions company and Norton Motorcycles, a British performance motorcycle brand in 2021 and 2020 respectively. SEMG is the DACH (Switzerland, Austria, and Germany) region’s leading e-bike manufacturer with 20% market share in Germany & Switzerland.

There is 1 question to complete.