 "TVS Motors up 5% on hopes of BMW tie-up")
Shares in TVS Motor, India’s fourth-biggest motorcycle company by sales, gained 5 percent on hopes of a tie-up with BMW Motorrad, the motorcycle division of Germany’s BMW AG , dealers said.
The company is holding a press conference later today, where it is expected to announce a long-awaited technology sharing agreement with BMW.
[caption id=“attachment_689822” align=“alignleft” width=“380”] BMW is likely to bring more high-end technology to TVS. Reuters[/caption]
BMW is likely to bring more high-end technology to TVS, allowing it to better compete with Hero MotoCorp and Bajaj Auto and Japanese rivals such as Honda Motor Co in the growing premium segment.
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TVS Motor shares were up 3.9 percent as of 10:06 am.
Reuters
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