TVS Motor Forms Norton USA LLC as Step-Down Subsidiary in US
Filing Summary
TVS Motor Company Ltd. announced the incorporation of Norton USA LLC in Delaware, USA, effective November 6, 2025. The new entity is a wholly owned subsidiary of The Norton Motorcycle Co. Ltd, UK, which is a step-down subsidiary of TVS Motor. Norton USA will manage the sale, distribution, and marketing of Norton products and services within the United States. As a newly formed entity, it has no turnover. Initial capital contributions will be provided by its parent, Norton UK, as required for operations.
TVS Motor Company Ltd. disclosed that its step-down wholly owned subsidiary, The Norton Motorcycle Co. Ltd, UK (“Norton UK”), has incorporated a new entity. The new company is named Norton USA LLC (“Norton USA”) and is a wholly owned subsidiary of Norton UK. Following this incorporation, Norton USA is now classified as a step-down wholly owned subsidiary of TVS Motor Company. The intimation of the incorporation was received by TVS Motor Company on November 7, 2025.
The filing states that Norton UK will provide the initial capital contributions required for the operation of Norton USA. These contributions may be in the form of cash, property, or services, with the specific amounts and types to be determined by Norton UK based on operational necessity. The filing does not specify a monetary value for the initial capital. As Norton USA was incorporated effective November 6, 2025, and has not yet commenced business, its turnover is reported as not applicable. The disclosure also notes that details regarding the cost of acquisition or the nature of consideration are not applicable for this incorporation.
Norton USA LLC has been established to operate within the automotive industry. The primary business objective of the new subsidiary is to conduct the sale, distribution, and marketing of products and services offered by Norton UK. The designated territory for these business activities is the United States of America. This entity will function as the official commercial arm for the Norton brand within the US market, managing its market presence and sales channels.
The corporate structure details that 100% of the membership interests in Norton USA are held by Norton UK. As a result of this ownership, Norton USA is considered a related party of TVS Motor Company. The filing confirms that the Promoter and Promoter Group of TVS Motor Company do not hold any direct interest in Norton USA. Their interest is limited to the existing holding structure through the parent and step-down subsidiary relationship. No governmental or regulatory approvals were required for the incorporation of the new entity.
The incorporation of Norton USA LLC was completed under the laws of Delaware, USA, and became effective on November 6, 2025. The filing is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the required details as per the regulatory framework for such corporate actions.
TVS Motor Company Ltd is a manufacturer of two-wheelers and three-wheelers, with a product portfolio that includes motorcycles, scooters, and mopeds. The company’s strategic focus includes the expansion of its global presence, investment in electric vehicle technology, and the acquisition of international brands to enter premium market segments.