Business

TVS Motor acquires Intellicar for ₹15 cr. in digital push

TVS Motor Co. Ltd. has acquired Bengaluru-based Intellicar Telematics Pvt. Ltd. for ₹15 crore. The deal is expected to be completed by December 31. Intellicar provides advanced IOT-based fleet management solutions through an integrated platform powered by IoT technologies coupled with analytics and data management capabilities, said TVS Motor in a regulatory filing.

It will help accelerate digital initiatives at TVS Motor Co. that are aimed at delivering enhanced customer experience, it added.

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Printable version | Jan 16, 2021 8:29:11 PM | https://www.thehindu.com/business/tvs-motor-acquires-intellicar-for-15-cr-in-digital-push/article33224781.ece

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