TVS-BMW may join hands to make superbikes in India
New Delhi: TVS Motor Co Ltd shares took a jump of 6.7 percent in the early trades following reports of BMW Motorad planning to tie up with the Indian two-wheeler makers.
TVS is in talks with German auto maker BMW AG's unit, BMW Motorrad, to source technological know-how to develop high-end motorcycles, an Indian newspaper reported on Monday.
Reports suggests that a possible pact with BMW will help TVS access technological know-how to develop more powerful motorcycles and be better equipped to compete with larger rivals such as Hero MotoCorp Ltd and Bajaj Auto Ltd.
At 10:40 a.m., TVS Motors was trading 6.5 percent higher at Rs 39. It has hit a low of Rs 36.50 and a high of Rs 39.45 on Monday.