Leading two-wheeler manufacturer TVS Motor Company announced an additional investment of £ 100 million in Norton Motorcycles, which was acquired in April 2020.
Sudarshan Venu, Joint Managing Director, TVS Motor Company, said that some of these investments have already been made to create a facility and the imminent launch of a re-engineered V4 SV and 961 Commando.
Norton recently opened its new manufacturing facility in Solihull, West Midlands, serving as its new global design and R&D hub. The West Midlands Growth partnership supports this new facility and the UK Government, a release from the company said.
Additionally, this investment will be towards electrification, cutting edge technology, vehicles manufacturing, sustainability and the future of mobility. This is expected to create 250-300 direct jobs over the next three years and another 500-800 indirect jobs across the supply chain, Venu added.
“The investments, spread over the next few years, will result in an exciting range of products for the global market,” he said.
Boris Johnson, Prime Minister, UK, said, “Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I’m very pleased that TVS Motor Company has decided to join the legions of Indian companies investing in the UK, boosting our future mobility sector and driving economic growth.”