TVS Motor Approves Merger with Sundaram Auto Components, Streamlining Operations

TVS Motor Company has approved a scheme of amalgamation to merge its wholly-owned subsidiary, Sundaram Auto Components Limited (SACL), with itself. This strategic move aims to streamline operations and enhance operational efficiency within the TVS group. The merger follows the recent sale of SACL's injection-moulded plastic component division to Pricol Limited for ₹215.3 crore, which is expected to conclude by January 31, 2025. This consolidation aligns with TVS Motor's long-term growth strategy and is part of the group's ongoing efforts to optimize its corporate structure. The merger is subject to necessary regulatory approvals and is expected to be completed in the coming months.

Source: Based on recent company announcements and media reports