Hot Pursuit     22-Apr-22
TVS Motor Company makes additional £100 mil. investment in Norton Motorcycles
TVS Motor Company, a manufacturer of two-wheelers and three-wheelers, announced an additional investment of £100 million in Norton Motorcycles, a British sporting motorcycle brand, which was acquired in April 2020.

Norton recently opened its new manufacturing facility in Solihull, West Midlands, building British bikes in England using traditional hand-crafted techniques with modern-day machinery. This new facility is supported by the West Midlands Growth partnership with the UK Government.

TVS Motor Company, part of the TVS Group, is a two and three-wheeler manufacturer.

The company had recorded 18.3% decrease in consolidated net profit to Rs 236.56 crore on a 8.2% rise in net sales to Rs 6,597.35 crore in Q3 FY22 over Q3 FY21.

The scrip lost 0.85% to currently trade at Rs 652.50 on the BSE.

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