Tagged: TVS Motor Company

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Recently TVS motors procure Norton Motorcycles in GBP 16 billion

India’s leading two-wheel manufactures, TVS motors recently announced that they acquire the most trustable British Brand Norton Motorcycles with GBP 16 billion. It was all-cash-deal which is around 153 crores in Indian currency.

The TVS said it will be the most interesting deal of India that our TVS motor company has rapidly grown in the international level.

A look at TVS motors

In India, the TVS motors placed at number 3 position for two-wheeler manufactures and leading exporter of two-wheelers in international country UK. The Joint manager of TVS motors commenting on this news and said, it is a proud moment for TVS Motors Company. Norton is an outstanding company and we have an immense opportunity to showcase globally. This deal fully goes to our satisfied customers all over India and we will do our best to regain the trust and glory at the international level.

Norton is the leading two-wheeler manufactures that contributing to business plans with distinctive approaches. Thus, the TVS will also work for customers globally and build a higher success rate to go forward in the business in upcoming years.

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TVS-Motor-Norton-Brand-Of-Motorcycles

TVS Motor Company Will Make Norton Brand Of Motorcycles

TVS Motor Company announced acquisition of Norton Motorcycles of Britain in an all-cash deal of GBP 16 million. TVS divulged the details of the acquisition in a statement. It said that TVS was acquiring certain assets of Norton Motorcycles (UK) Limited through one of TVS Motor’s overseas subsidiaries.

Press statement of TVS Motor Company

Sudarshan Venu, Joint Managing Director, TVS Motor Company said that that was a momentous time for them at the company. Norton was an iconic British brand celebrated across the world and it presented TVS an immense opportunity to scale globally. He further said that the transaction was in line with their effort to cater to aspirations of discerning motorcycle customers.

Mr. Venu assured that Norton would continue to retain its distinctive identity with dedicated and specific business plans. TVS Motor would work closely with customers and employees in building the success and pre-eminence of the Norton Motorcycles brand. Also, he added that the company looked forward to growing together globally in the coming years.

The statement further reads that TVS Motor Company was exited about the existing and upcoming models of Norton Motorcycles. These include Commando, … Read the rest