Current Context: TVS Motor Singapore Pte. Ltd, the overseas subsidiary of TVS Motor Company soon to acquire the British Motorcycle brand names Norton Motorcycles.
- The acquisition will take place for £16 million that is for Rs 153.12 crore which was concluded by project 303 Bidco Ltd.
- Norton Motorcycles was founded by James Lansdowne Norton in 1898 in Birmingham, England. TVS Motor Company is one of the largest two-wheeler manufacturers of India.
- As a part of the agreement, TVS Motor Singapore Pte. Ltd has signed an asset purchase agreement with Norton Motorcycles Holdings Ltd and Norton Motorcycles (UK) Ltd.
Question:
Q.1 Which Motorcycle brand to acquire the British motorcycle brand named Norton?
a. Hero Honda
b. TVS Motors
c. Bajaj
d. Yamaha
a. Hero Honda
b. TVS Motors
c. Bajaj
d. Yamaha
