Norton Motorcycles Announces Leadership Change, Nevijo Mance Joins As Executive Director
- By MT Bureau
- November 11, 2024
TVS Motor Company-owned British premium motorcycle brand Norton Motorcycles, has announced changes to its leadership structure.
The company has announced Dr. Robert Hentschel, currently CEO, will step back from his role effective immediately. He will transition to a non-executive director role within the company.
On the other hand, Nevijo Mance will join Norton Motorcycles as Executive Director, overseeing all upstream business operations, as part of the new leadership structure.
He will be responsible for product design, development and engineering, manufacturing, procurement, quality control, and supply chain management.
In addition, Richard Arnold, who was appointed Executive Director in June 2024, will be responsible for downstream business operations, including marketing, brand management, sales, distribution, customer relationship management, aftersales service, product management, and public relations.
He will also be responsible for enhancing customer experience, expanding Norton’s market reach, and strengthening the brand’s presence across global markets.
Dr Rober had been leading the company since 2021, and has been instrumental in strengthening Norton’s foundations, guiding the company through crucial stages of its growth plan and establishing a strong operational base. He had played a key role in synergistic relationship with parent TVS Motor Company, which has been pivotal in advancing Norton’s progress and setting the stage for future success.
TVS Motor Company Reports Record Quarterly Sales In Q3 FY2026
- By MT Bureau
- January 01, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company recorded sales of 1.54 million units during Q3 FY2026.
This includes 1.48 million two-wheelers, up 25 percent YoY, as against 1.18 million two-wheelers sold a year ago. Three-wheeler sales grew by 106 percent to 60,000 units. International business sales reached 410,000 units, a 40 percent increase compared to the 294,000 units sold in the same period last year.
For December, the sales came at 481,389 units, up 50 percent YoY, as against 321,687 units sold in December 2024.
Total exports for December 2025 grew by 40 percent to 146,022 units. Two-wheeler exports specifically increased by 35 percent, rising from 96,927 units in December 2024 to 130,709 units.
Royal Enfield Sells 93,177 Motorcycles In December 2025
- By MT Bureau
- January 01, 2026
Chennai-headquartered two-wheeler major Royal Enfield has reported a 30 percent growth in its wholesales for December 2025.
The company sold 93,177 motorcycles in the domestic market last month, as compared to 67,891 units sold a year ago.
For YTD FY2026, the sales came at 821,908, up 26 percent YoY, as against 652,856 units for the same period last year.
B Govindarajan, Managing Director, Eicher Motors and CEO, Royal Enfield, said, “December closes out a truly defining year for Royal Enfield. It’s been a year of strong growth, record performance and most importantly, deeper connections with our riding community. Our new launches during the year have been received with great enthusiasm and the continued demand for our existing motorcycles further reinforces the trust riders place in us. As we move into the new year, we are confident of sustaining the growth momentum and taking our Pure Motorcycling philosophy further.”
Odysse Electric Sells 990 EVs In December 2025
- By MT Bureau
- January 01, 2026
Mumbai-based electric two-wheeler maker Odysse Electric Vehicles has announced its sales performance for December 2025. The company reported sales of 990 units, up 133 percent YoY, as compared to 425 units last year.
In CY2025, the company sold 5,255 EVs across India. The EV maker attributed the sales performance to its retail footprint and the availability of financing schemes and aftersales support.
At present, the company has a distribution network covering 300 PIN codes across India. The sales volume was supported by the availability of models including the Racer Neo, Snap, HyFy and the Odysse SUN.
Nemin Vora, Founder and CEO, Odysse Electric Vehicles, said, “Our December performance reflects steady demand for Odysse Electric’s product portfolio across markets. Continued network expansion, improved customer engagement, and a strong focus on product reliability have supported this momentum. As we enter the new year, we remain focused on strengthening our ecosystem and contributing meaningfully to India’s clean mobility transition.”
TVS Motor Company Partners Manba Finance For Commercial Vehicle Financing
- By MT Bureau
- December 30, 2025
TVS Motor Company has signed a Memorandum of Understanding (MoU) with Manba Finance to provide retail financing for its commercial mobility range. The agreement aims to improve vehicle affordability for customers across India.
As part of the understanding, Manba Finance will offer monthly instalment plans for the full range of TVS commercial vehicles, including passenger and cargo three-wheelers. The partnership covers both internal combustion engine (ICE) and electric vehicle (EV) models.
The collaboration is intended to expand TVS's presence in rural and semi-urban markets by reducing turnaround times for credit approvals. Provide low down payment options and reduced monthly outflows. Assisting last-mile entrepreneurs and fleet operators in vehicle acquisition.
Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, said, “At TVS Motor Company, our focus is on building a comprehensive commercial mobility ecosystem that empowers customers to grow sustainably. This partnership with Manba Finance Limited strengthens our ability to offer accessible and competitive financing solutions across our ICE and EV three-wheeler portfolio. By improving affordability, reducing turnaround time, and expanding reach into rural markets, we aim to support entrepreneurs and fleet operators in enhancing their earning potential and business scalability.”
Manish Shah, Managing Director, Manba Finance, said, “This partnership with TVS Motor Company strongly aligns with our commitment to supporting a cleaner and more sustainable mobility ecosystem. It enables us to offer comprehensive and tailored financing solutions across both passenger and cargo three-wheelers. By leveraging TVS Motor’s deep industry expertise, strong distribution network, and trusted brand, we believe Manba Finance is well positioned to build meaningful scale in the three-wheeler financing segment. We see this collaboration as a key growth driver and expect it to contribute significantly to our expansion and portfolio growth in FY26 and beyond.”
Comments (0)
ADD COMMENT