TVS Motor is investing £250 million in Solihull to expand its Norton Motorcycles operations and develop next-generation EVsDuring Prime Minister Kier Starmer’s two-day trade mission to India earlier this month, some 64 Indian investors confirmed they would collectively invest £1.3 billion in British businesses, resulting in nearly 7,000 new jobs. This will see Indian investment flow into a range of industry sectors in the UK, including engineering, technology and the creative industries, ‘driving growth and creating jobs across every region of the country’.
From next-generation electric motorbikes, semi-conductor development and agricultural innovation, Mr Starmer said the investments will benefit some of the UK’s ‘most exciting industries and cement the UK-India economic partnership’, ones that will see the UK-India trade deal reduce tariffs on imports from the UK to India and vice versa, adding that India is already the UK’s second-largest investor with more than 1,000 Indian companies operating in the UK, supporting millions of UK jobs.
Business and Trade Secretary Peter Kyle said: “From electric vehicles (EVs) in Solihull to cutting-edge Agri-tech in Somerset, the UK-India trade deal is already unlocking growth, and these announcements mark the beginning of a new era of collaboration between our two nations. India is now the fourth-biggest economy in the world and investing billions of pounds to back thousands of jobs from sectors as diverse as artificial intelligence (AI), education, and financial services shows the scale of opportunity this presents for British businesses.”
300 high-quality jobsKey announcements included:
TVS Motor investing £250 million in Solihull to expand its Norton Motorcycles operations and develop next-generation EVs, creating 300 high-quality jobs and collaborating with UK research institutions such as the
University of Warwick; Engineering company
Cyient investing £100 million to boost innovation in semiconductors, creating 300 UK jobs; Atul–Date Palm Developments investing £11 million in sustainable Agri-tech and establishing R&D, creating 44 skilled jobs; and global digital engineering firm
Mastek investing £2 million to open new AI and Experience Centres in London and Leeds, generating 200 skilled roles — including 75 apprenticeships.
Meanwhile, NeoCeltic Global Ltd is investing £5 million to deliver advanced orthopaedic and rehabilitation solutions, creating 85 jobs in London and Cardiff, while
Alcor Logistics is expanding into Liverpool and London with a £4 million investment to establish ‘UK operations as a non-vessel operator, creating 250 jobs and enhancing global freight and supply chain capabilities’.
Sudarshan Venu, TVS Motor’s chairman and managing director, said: “TVS Motor has had a long association with the UK, and over the years new facets have been added — engineering and technology, academia partnerships and scholarships, and e-Bikes. Now, Norton Motorcycles, the storied British marque, is poised to open a new chapter of resurgence and global expansion with TVS Motor’s backing. We are excited about the future and look forward to continued growth.”