TVS Motors , a leading global manufacturer of two- and three-wheelers, has announced a strategic move to bolster its design and engineering capabilities. The company's Singapore subsidiary, TVS Motor (Singapore) Pte Ltd, has agreed to acquire 100% ownership of Engines Engineering S.p.A., an Italian automotive design and engineering powerhouse, for EUR 5.05 million.

Acquisition Details

The deal involves the purchase of 1,000,000 equity shares in Engines Engineering S.p.A from ACT S.r.l at EUR 5.05 per share. Upon completion, expected by October 1, 2025, Engines Engineering will become a wholly-owned subsidiary of TVS Motor Singapore and, by extension, TVS Motor Company Limited.

Strategic Importance

This acquisition marks the establishment of TVS Motor's Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy. The move aligns with the company's vision to become a leading global mobility player and aims to accelerate the creation of next-generation mobility platforms.

Sudarshan Venu, Chairman of TVS Motor Company, commented on the development: "The establishment of the new Italian Global Centre of Excellence marks another milestone in strengthening our capabilities and accelerating our journey to reimagine mobility. By combining the creativity and racing expertise of Engines Engineering with our engineering and design strengths, we are expanding our ability to deliver premium, connected, and electric vehicles that set new global benchmarks."

About Engines Engineering S.p.A.

Engines Engineering, incorporated on July 1, 2008, specializes in styling, design, engineering, and testing services for two-wheeled and three-wheeled vehicles. The company has particular expertise in high-performance and high-displacement vehicles.

Financial Performance

Engines Engineering has demonstrated strong financial performance in recent years:

Key Focus Areas of the CoE

The newly established Centre of Excellence will focus on:

1. Design Leadership and Engineering Excellence: Advancing capabilities in digital simulation, rapid prototyping, and modular platform development.
2. Future Mobility Technologies: Accelerating adoption of AI-driven design tools, advanced material applications, and digital integration.
3. Global Talent & Collaboration: Creating a magnet for world-class talent and building an ecosystem for innovation.

Impact on TVS Motor and Norton Motorcycles

This strategic acquisition is expected to enhance TVS Motor's product development cycles, design flexibility, and premium portfolio expansion. Additionally, it will strengthen the pipeline of high-performance motorcycles for Norton Motorcycles, TVS Motor's iconic British marque.

The establishment of this Global Centre of Excellence underscores TVS Motor's commitment to delivering premium, future-ready mobility solutions across international markets, further solidifying its position as a global player in the automotive industry.

TVS Motor Company (TVSM), a prominent global automaker in the two and three-wheeler segments, has strengthened its foothold in the Nepalese market with the introduction of two new motorcycle models. The company unveiled the TVS Apache RTR 160 2V Fi and TVS Raider iGo, targeting different segments of riders in Nepal.

TVS Apache RTR 160 2V Fi: Performance-Driven Excellence

The TVS Apache RTR 160 2V Fi is designed to cater to performance enthusiasts. This latest addition to the legendary Apache series boasts an impressive array of features:

• Dual disc brakes for enhanced safety
• Single-channel ABS for improved control
• Connected digital cluster for smart connectivity
• AHO LED headlamp for better visibility
• Three ride modes: Urban, Sport, and Rain

The Apache RTR 160 2V Fi will be available in three striking colors: Matte Blue, Racing Red, and Black. This model builds on the success of the Apache series, which has already garnered a global customer base of 6.5 million riders.

TVS Raider iGo: Targeting Tech-Savvy Young Riders

The TVS Raider iGo is specifically designed to appeal to young, tech-savvy riders in Nepal. Key features of this model include:

• TFT digital cluster for clear information display
• iGo start-stop technology for improved fuel efficiency
• Sporty split seat for comfort and style
• Muscular styling and dynamic ride quality

The Raider iGo will be offered in two color options: Nardo Grey and Wicked Black. This model aims to redefine the commuter market by combining comfort, performance, and smart features tailored for Gen Z riders.

Expanding Market Presence

Rahul Nayak, Senior Vice President of International Business at TVS Motor Company, expressed confidence in the new launches, stating, "Customers in Nepal value style, technology, and performance. Both the products that we launch today – the TVS Raider iGo and TVS Apache RTR 160 2V Fi - combine cutting-edge features, connected technology, and a unique riding experience."

TVS Motor Company has established a strong presence in Nepal with over 60 sales touchpoints and 26 service centers throughout the country. This extensive network ensures effective and satisfactory ownership experiences for customers.

Global Recognition and Sustainability Focus

TVS Motor Company's commitment to quality and innovation is evident in its global operations. The company sells its products in more than 80 countries across Asia, Africa, Latin America, and Europe. It operates four state-of-the-art manufacturing facilities in India and Indonesia, emphasizing sustainable mobility solutions.

The company's dedication to excellence has been recognized with several accolades, including:

• The prestigious Deming Prize
• Top rankings in J.D. Power IQS and APEAL surveys
• Number 1 position in J.D. Power Customer Service Satisfaction Survey for four consecutive years

As TVS Motor Company continues to expand its product lineup and market presence in Nepal, these new motorcycle models are expected to significantly impact the market, attracting both performance enthusiasts and young riders alike.