TVS Motor commits Rs. 1000 crore in Norton Motorcycle.

TVS Motor Company recently announced an additional investment of £100 million in Norton Motorcycles, Britain's iconic sporting motorcycle brand, which it acquired in April 2020.

This investment will be towards electrification, cutting edge technology, world class vehicles, manufacturing, sustainability & the future of mobility. This is expected to create 250-300 direct jobs over the next 3 years and another 500-800 indirect jobs across the supply chain.

The investments, spread over the next few years, will result in an exciting range of products for the global market. A brand-new facility has already been set up at Solar Park, Solihull, UK, which houses Norton’s state-of-the-art manufacturing capability and the company’s new global design and R&D hub, said Sudarshan Venu, MD of TVS Motor Company.

This new facility is supported by the West Midlands Growth partnership, and the UK Government, and is a shining example of Anglo-Indian cooperation, added a statement from the company.

ET