TVS Motor Company is gearing up to launch premium motorcycles under the Norton Motorcycles brand in India and globallly from the second quarter of FY27, and is stepping up investments in product development, manufacturing capacity and research and development.
Speaking to analysts after announcing the company’s Q4 and FY26 results, TVS Motor Managing Director K N Radhakrishnan said FY27 would be a “very important” year for Norton as the company prepares to introduce new models including Atlas and Atlas GT. The Solihull plant will produce one high-end model, while other models would be manufactured in India. “We are leveraging India, especially the Hosur plant, in a big way,” Radhakrishnan said.
Sources said Norton motorcycles are being manufactured at Hosur are already undergoing road testing in India ahead of commercial launch. TVS Motor acquired the iconic British premium motorcycle brand in April 2020 marking the company’s entry into the superbike segment above 850cc.
Radhakrishnan also said the company expects to outperform the industry in FY27, driven by strong demand for scooters, electric vehicles, premium motorcycles and exports across Africa, Asia and Latin America. “However, we will remain watchful of commodity inflation, supply-chain disruptions and geopolitical uncertainties, particularly their impact on logistics and input costs,” he said.
The company also plans capital expenditure of around ₹3,000 crore in FY27. Of this, nearly ₹2,000 crore would be allocated towards product development and new products, while over ₹1,000 crore would go into expanding two-wheeler and three-wheeler manufacturing capacity and strengthening R&D infrastructure, Radhakrishnan said.
TVS Motor plans to add 1.5 million units of capacity over the next 12 months, taking total production capacity to around 8.3 million units.
TVS Motor on Wednesday reported a 17 per cent increase in consolidated net profit to ₹819 crore for the fourth quarter ended March 31, 2026, against ₹697 crore for the corresponding period last year. Revenue increased by 34 per cent to ₹15,053 crore (₹11,542 crore) on the back of robust ICE and EV vehicle sales.
For FY26, the company reported a 34 per cent increase in net profit to ₹3,186 crore on a 37 per cent increase in revenue to ₹56,069 crore.
The company recorded highest ever sales of 58.9 lakh units, a growth of 24 per cent for the year ended March 2026.
Other income for the quarter ended March 2026, includes ₹53 crore being loss on fair valuation of investments held by the company.
.The Board declared an interim dividend of ₹12 per share (1,200 per cent), during its meeting in March, absorbing ₹570 crore for FY26.