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Birmingham Small Arms to be recapitalized by Mahindra Group Chairman

Birmingham Small Arms to be recapitalized by Mahindra Group Chairman
Birmingham Small Arms to be recapitalized by Mahindra Group Chairman
  • The company intends to restart the production of motorbikes by 2021 in the Midlands, England.
  • BSA has also received funding of around £4.6 million from the U.K. government with the hopes of creating over 255 jobs.

According to reliable sources, Birmingham Small Arms (BSA), a British motorcycle maker, is in talks of being recapitalized by Chairman of Mahindra Group, Anand Mahindra. The company reportedly plans to restart the production of motorbikes by 2021 in the Midlands, England.

For those uninitiated, BSA was established in 1861 to produce guns at Small Health. Subsequently, the metalworking plants were turned into bicycles, which were then followed by motorcycles. It was the largest motorcycle manufacturer in the world in the year 1950, however, the company went bankrupt and stopped motorcycle production in 1970.

Sources close to the company stated that the revived BSA Company intends to build a research facility in Banbury in order to develop motorbikes with core combustion engines, and subsequently produce an electric bike by 2021.

Anand Mahindra reportedly claimed that he chose to invest in BSA owing to its long history of producing motorcycles. The company has also received funding of around £4.6 million from the U.K. government with the hopes developing electric bikes as well as creating over 255 jobs.

It is to be noted that, Mahindra Group is a leading manufacturer or tractors and ranks 20th in terms of global car sales. The company owns Reva Electric, a compact electric vehicle manufacturer, and is a prominent producer of three-wheeled electric rickshaws.

Reportedly, Mahindra had previously purchased a majority interest in a firm that had bought the BSA brand, along with the Czechoslovakia’s Jawa Moto brand. Mahindra then launched Jawa motorcycles in India, which recorded sales over 50,000 units in 2018 alone.

If sources are to be believed, BSA aims to start manufacturing conventional internal combustion engine bikes which would be priced between £ 5,000 (USD 6633) and £ 10,000 (USD 13,267).

Source Credits –

https://www.theguardian.com/business/2020/nov/16/bsa-electric-bike-motorcycles-uk