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The new owner of Norton Motorcycles, Indian-based TVS Motor Company, has begun revitalising the company with funding, a new CEO and plans for new models. TVS bought the troubled British manufacturer in a $A31m cash deal a couple of weeks ago. Click here to read more about the historic sale. The third-largest motorcycle company in …
The $A31m cash sale of Norton Motorcycles to India’s TVS Motor Company marks India’s turning point towards becoming the next motorcycle powerhouse. Click here to read more about the historic sale. Respected market analysts GlobalData say the sale to India’s third-biggest motorcycle manufacturer with sales of more than 750,00 a year significantly marks TVS motorcycles’ …
Norton Motorcycles will continue to be British made and the new owner, India’s TVS Motor Company, promises to go ahead and build the pledged Atlas (pictured above) and V4 RR models. TVS bought the troubled British manufacturer in a $A31m cash deal at the weekend. Click here to read more about the historic sale. The …
Troubled Norton Motorcycles has been rescued with the sale of “certain assets” to an indirect subsidiary of Indian motorcycle company TVS over night (17 April 2020). Joint administrators BDO UK say the “cash deal” was for £16 million (about $A31.4m, $US20m, €18.4m). However, the company owes its creditors a whopping £28,352,089 (more than $A57m). At this point …