75,000
COMMENT: This continues to be a difficult year for registration statistics................................................................................ Page 4
BERGAMASCHI Magneti Marelli parts & services distributors............................................................................................ Page 18 GERMANY: Motorcycle registrations-25.93% January to August 2025................................................................................ Page 25 IVM: Rainer Brendicke retires as managing Director of the IVM in Germany............................................................................ Page 20
NOV / DEC‘ 25 ISSUE # 187
TVS Motor Company acquires Engines Engineering as Bologna based R & D hub
Indian Norton owner TVS Motor Company is to establish a Global Centre of Excellence( CoE) for Design & Engineering with their acquisition of Bologna based Engines Engineering S. p. A.( EE). One of India ' s ' Big Five ' PTW manufacturers, TVS is the last of the Indian ' majors ' to grow deep R & D roots here in Europe. However, its targeting of a 100 % equity ownership position in an established and internationally respected turnkey solution makes it a significant, creative and strategic move. Founded by Alberto Strazzari, Engines Engineering has been designing and making prototypes for OEM, MotoGP and other race teams and European and Worldwide customers since 1979. TVS is paying € 5.05m($ 5.9m) for the company in an all-cash deal; the most recently available data puts annual EE income at around € 11.32m($ 13.24m). This is not the first time that EE has come under Indian Ownership. It was bought by Mahindra & Mahindra in 2008 but was sold back to the founder in 2012. Commenting on the development, Sudarshan Venu, Chairman, TVS Motor Company, said " the establishment of the new Italian
Sudarshan Venu, Chairman of TVS Motor Company.
Global Centre of Excellence marks another milestone in strengthening our capabilities and accelerating our journey to reimagine mobility. " By combining the creativity and racing expertise of Engines Engineering with our engineering and design strengths, we are expanding our ability to deliver premium, connected, and electric vehicles that set new global benchmarks. " Importantly, this Centre of Excellence further augments Norton ' s capabilities, enabling it to advance its crafting of exceptional highperformance motorcycles that not only honour its iconic legacy but also elevate its future ambitions." With this initiative, Venu says that TVS Motor " will be able to reduce product development cycles, enhance design flexibility, and expand its premium portfolio, including high-displacement motorcycles, advanced scooters, and new electric mobility platforms. Engines Engineering has been under the management of former technical lead Manfredi Fenici as CEO since June 2024.
HONDA
150,000
German registrations to August
2024 2025
300,000
Spanish registrations to September
2024 2025
News rooM 6-22, 48 Proguide 28-45 STATZONE: 24-25
100,000
50,000
170,426
-25.31 %
127,297
105,643
-25.93 %
78,245
225,000
150,000
173,382
190,401
+ 9.82 %
163,599
180,941
+ 10.60 %
PTW MOTORCYCLE
PTW MOTORCYCLE