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TVS overtakes Yamaha’s Market Capitalisation

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TVS overtakes Yamaha’s Market capitalisation to become third-largest two-wheeler maker in the world.

The market capitalisation (Mcap) of Chennai-based (India) TVS Motor has surged 37% to $9.2 billion over the past six months, as per Bloomberg’s data. In contrast, Yamaha Motor saw an Mcap erosion of $1.6 billion from its August highs.

Only seventeen months ago, TVS Motor Company was less than half the size of Yamaha Motor Co. Now, it has overtaken the Japanese two-wheeler giant in terms of market valuation. Investors continue to bet on a revival in both domestic and export markets, and TVS seemed the horse of choice, symbolic of its logo.

BTW, Indian two-wheeler manufacturers make up four of the top five companies in the world.

Bajaj Auto tops the list with a Mcap of $19 billion, followed by Eicher Motors with an $11.5 billion Mcap. Hero MotoCorp ranks fifth with a market valuation close to $8 billion.

Additionally, TVS Motors has gained dominant position in EV scooters, and has managed to gain market share in every segment over the last few years. TVS makes the 310cc BMW engines and motorcycles sold in India. TVS also owns the Norton brand.

US-based Harley-Davidson ranked seventh with an Mcap of $4.3 billion, three Chinese manufacturers are featured among the top ten two-wheeler makers in the world.

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Former Jaguar Land Rover CEO to be Chairman of Norton motorcycles Parent Company TVS Motors

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by Enda Mullen-COV from https://www.coventrytelegraph.net

Former Jaguar Land Rover chief to take up new role at reborn motorcycle maker
News of Sir Ralf Speth’s appointment follows Norton Motorcycles’ move to Solihull.
In January Norton announced it is to move into the most advanced manufacturing facility in the brand’s 122-year history in Solihull.

Jaguar Land Rover’s former boss Sir Ralf Speth is to join the board of legendary motorbike maker Norton Motorcycles.

Sir Ralf, who stepped down as CEO of the Coventry car maker in September last year, is to become the chairman of Norton Motorcycles’ parent company, TVS Motor Company.

Sir Ralf will take up the role in January 2023.

CEO at Jaguar Land Rover for 11 years, Sir Ralf is hailed with transforming the company during his time at the helm.

He was the recipient of a knighthood from the Queen in 2018 for his contributions to British industry, and also named as a Fellow of the Royal Society in 2020 for his passion for science.

News of his appointment to Norton Motorcycles comes at a time as the company is being reborn under TVS Motor Company’s ownership.

The company is currently finalising work on construction of the new Highlands Road factory, which is expected to open by the end of this year.

John Russell, interim CEO of Norton Motorcycles, said: “We are truly delighted to welcome Sir Ralf to the TVS Motor Company family.

“We know that Sir Ralf is a tremendous leader and his accomplishments in the automotive industry speak volumes.

“This excellent appointment comes at a time when the Norton Motorcycles business is on a very positive trajectory but still with much work to do.

“We will soon be settled in our state-of-the-art new manufacturing base and the guidance of Sir Ralf will be important for us as a growing British business that has a strong legacy.”

by Janaki Jitchotvisut from https://www.rideapart.com

Norton Parent Company TVS Motors Welcomes New Chairman In 2023

Norton Motorcycles and parent company TVS Motor Company announced that they’re pleased to welcome a new Chairman of TVS’ Board of Directors as of January, 2023. His name is Sir Ralf Speth, and he’ll bring decades of auto industry experience to his new appointment.

Speth has a strong engineering background, which helped him lead Jaguar Land Rover for 11 years as its CEO. Under his leadership, the company brought the Jaguar I-PACE all-electric performance SUV from an idea into a fully engineered and designed reality.

Prior to his work with Jaguar Land Rover, Sir Ralf spent time with Ford Motor Company’s Premier Automotive Group, as well as BMW, which is where he first began his career. He has also served on the Tata Motors Board, as well as the Supervisory Board of Tata Sons Limited.

Thanks to his outstanding leadership skills and service to science, Sir Ralf has been recognized in multiple ways. According to his Royal Society biography, he has so far been twice honored by the British Empire for his services. In 2015, Sir Ralf was appointed Honorary Knight Commander of the British Empire. Just four years later, in 2019, he was made an Additional Knight Commander of the Most Excellent Order of the British Empire. He has also been a member of the Royal Academy of Engineering since 2014, and is also a professor at the University of Warwick.

This appointment comes as Norton Motorcycles, which is wholly owned by TVS Motor Company, continues construction on its new state-of-the-art manufacturing facility in Solihull. It is currently scheduled to open by the end of Q2 of 2021, and will form the central base from which all Norton Motorcycles operations occur.

“We are truly delighted to welcome Sir Ralf to the TVS Motor Company family,” said Norton Motorcycles interim CEO John Russell, in a statement.

“We know that Sir Ralf is a tremendous leader and his accomplishments in the automotive industry speak volumes. This excellent appointment comes at a time when the Norton Motorcycles business is on a very positive trajectory, but still with much work to do. We will soon be settled in our state-of-the-art new manufacturing base and the guidance of Sir Ralf will be important for us as a growing British business that has a strong legacy,” he concluded.