Home Bike News TVS in merger talks with Norton Motorcycles-Article

TVS in merger talks with Norton Motorcycles-Article

- Advertisement -

TVS, one of India’s leading two-wheeler manufacturers, is in talks with Norton Bikes, the legendary British bike company, to acquire it, as per a recent Bloomberg report.

Established as a maker of “fittings and parts for the two-wheel trade” in 1898, Norton Bikes. Which made the first bike in 1902, in the past had different owners. The last owner was the developer Stuart Garner, who in 2008 purchased the company. So, Norton Motorcycles made such bikes as the Commando and Dominator under his umbrella.

In January 2020, the British company went into administration. Because it refused to pay a significant volume of cash. At the moment BDO Global manages the company’s liquidation. The U.K. Pensions Regulator is investigating CEO of Norton Bikes Stuart Garner on actions taken. While he was a director of three pension funds that invested in the firm.

TVS, headquartered in Chennai. It is one of the firms that showed interest in the procurement of Norton Motorcycles. TVS has contacted the authorities concerned for a future contract. But nothing has yet been concluded.

Norton Motorcycles have been available in India through Motoroyale. This is Kinetic’s multi-brand superbike initiative. So, the motorcycle also trades with MV Mondial, Agusta, SWM, Hyosung, and FB.

The flagship model of TVS is the Apache RR 310. So, a part of the joint partnership between TVS-BMW Motorrad. Buying Norton Bikes will open TVS doors for luxury mid-capacity bikes to join. This year, TVS has seen a 40 percent decrease in its stock. And a market cap of around USD 1.7 billion.

TVS was at the forefront of showcasing some of the most practical concept bikes and scooters at any Auto Expo installment. So, starting from the Draken to the Akula to the iQube now.

Currently, the flagship model of TVS is Apache RR 310. So, a member of the joint venture between TVS-BMW Motorrad.

- Advertisement -

Newsletter

Sign up for latest news, important updates and special tutorials.

2,720,046FansLike
40,862FollowersFollow
22FollowersFollow
243SubscribersSubscribe

Must Read

Ford Endeavor Sport Edition Launch Date, Specs, Mileage, Price, And Latest Update Here !!!

The Ford Endeavor Sport has been launched in India, priced at Rs 35.10 lakh. The Ford Endeavor Sport is a special edition that is...

Tata Nexon EV Car 3D Platform Launched: Know Here All the Features of Tata Nexon Electric Car in 3D View !!!

On the occasion of World Electric Vehicle Day, Tata Motors showcased all the variants from Nexon Electric with a 3D view. The company has...

Volkswagen Tiguan X Coupe Car: Know About Launch Date, Specs, Mileage, Price, And All Information !!!

Volkswagen has revealed the Tiguan X, its coupe SUV. Photos of the Tiguan X Coupe have been shared on social media. It is a...

Know Everything About Tata HBX Micro SUV Car Launch Date, Specs, Price, And All Information !!!

Domestic carmaker Tata Motors is currently working on its micro SUV Tata HBX. The company showcased this SUV at the Auto Expo 2020 held...

Know About Mercedes-Benz EQC 400 Launch Date, Specs, Review, Mileage, Price, And Everything Latest Update Here !!!

Mercedes-Benz has updated its electric SUV EQC 400 on the Indian website. Last week this car was seen in a showroom in Delhi. Mercedes...

Know Everything About BS6 Honda Jazz Variant Wise Features, Specs, Mileage, Price, And More Information !!!

Car manufacturer Honda Cars India recently launched the new-generation Honda Jazz, and it's premium hatchback car. The company has launched the Car at an...

Citroen C3 Sporty: Know About Expected Launch Date, Specs, Features, Price, And More Information !!!

Car manufacturer Citroen is preparing to launch its first car in the Indian market. According to the information, Citron may present its C5 Aircross...

Car Company Honda Announced its First Electric Car Will be Named “Honda E” !!!

While most carmakers are focusing on making electric sedans and electric SUVs, Japanese carmaker Honda Cars are preparing to make a small car as...

New Hyundai i20 Elite Car: Know About Specs, Mileage, Review, Launched Date, And Every Latest Update Here !!!

The new Hyundai i20 is scheduled to be launched in October, due to which the company has been doing road testing of this car...

New Honda Jazz TVC Launched In Indian Market Recently, Know Car Features, Specs, Mileage, And All Information !!!

Japanese carmaker Honda Cars has launched its premium hatchback Honda Jazz in the Indian market. The company has launched this car for Rs 7.49...