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Norton Motorcycles' recent predicament has been unfortunate, to say the least. Recently, we heard about Norton Motorcycles facing winding up over unpaid taxes. The situation spiralled out of control and Norton Motorcycles fell into administration. Now, among the number of potential bidders getting ready to take on Norton Motorcycles includes our own TVS Motor Company as well.
If the reports are to be believed, TVS Motor Company has approached the administrators of Norton Motorcycles, BDO, regarding a potential deal. TVS Motor Company is considered one of the bigger manufacturers in the Asian two-wheeler market. The number of exports is impressive too as the company boasts of a diverse lineup consisting of small scooters and mopeds to entry-level sportsbike, the Apache RR 310.
While the current situation makes the future of the market a little hard to predict, if the deal goes as planned, TVS Motor Company can tap into the lucrative premium market. Norton Motorcycles may be in rough seas at the moment but there is no doubt about the popularity of the brand, not only in the UK but around the world.
Norton Motorcycles fell into administration recently over a series of reports and accounting errors were reported. The firm’s ex-CEO, Stuart Garner, is currently under investigation by the UK pensions regulator for using private pension pots to invest directly into Norton.
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If the reports are to be believed, TVS Motor Company has approached the administrators of Norton Motorcycles, BDO, regarding a potential deal. TVS Motor Company is considered one of the bigger manufacturers in the Asian two-wheeler market. The number of exports is impressive too as the company boasts of a diverse lineup consisting of small scooters and mopeds to entry-level sportsbike, the Apache RR 310.
While the current situation makes the future of the market a little hard to predict, if the deal goes as planned, TVS Motor Company can tap into the lucrative premium market. Norton Motorcycles may be in rough seas at the moment but there is no doubt about the popularity of the brand, not only in the UK but around the world.
Norton Motorcycles fell into administration recently over a series of reports and accounting errors were reported. The firm’s ex-CEO, Stuart Garner, is currently under investigation by the UK pensions regulator for using private pension pots to invest directly into Norton.
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