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TVS Motor to invest $161m on new tech and EVs

By Munikoti Rochan

09:25, 23 November 2021

The TVS Apache RR 310 sports bike.
Norton-owner TVS plans to invest heavily in new technologies – Credit: TVS Motor Company

India’s TVS Motor Company, one of the world’s biggest motorcycle and three-wheeler manufacturers, told shareholders on Tuesday it intends to boost investment in future technologies.

The seller of the iQube electric scooter will spend INR12bn ($161.3m) over the next four years to develop new products and also expand its electric vehicle (EV) manufacturing capacities, according to a 23 November regulatory filing.

The funds could be pumped into new or existing design and production facilities, all in the southern Tamil Nadu state.

‘Leading EV development’

“TVS Motor is transforming itself into a digital age company with a connected, sustainable and electric brand,” the firm told the bourses.

“The company is committed to leading the technology development in EVs and green fuel, (in addition to) leading the way to the electrification of the two-wheeler segment in the country.”


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The company said the investment would also be of significant benefit to its suppliers.

TVS Motor is the flagship of the $8.5bn TVS Group. The seller of the popular Apache motorbikes has a market capitalisation of around INR338bn on the National Stock Exchange (NSE), where its shares have shot up some 45% so far this year.

UK Norton factory

TVS owns the historic British motorbike builder Norton Motorcycles. Last month the English firm announced the completion of its new global headquarters in the UK. The facility is built around a state-of-the-art factory in the West Midlands, “forming a critical part of the marque’s strategic growth”, according to an 11 November stockmarket statement.

The Norton production line will be capable of delivering roughly 8,000 motorcycles a year. The plant has been designed to optimise sustainability and reduce waste to landfills. The facility also houses Norton’s global design and R&D hub, customer showroom, service workshops and offices,.

Read more: Indian law tribunal stays hefty penalty on MARUTI Suzuki

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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