Web Sify
Follow us on

TVS Motor, BMW to jointly develop motorcycles

Source : REUTERS
Last Updated: Mon, Apr 08, 2013 10:10 hrs
​Hot Wheels: BMW unveils new diesel 3-Series sedan

TVS Motor Co Ltd and BMW AG's motorcycle division announced a long-awaited cooperation agreement on Monday in a deal that see the companies jointly develop motorcycles as TVS looks to stem a slide in its market share.

TVS and BMW Motorrad will develop and produce a series of motorcycles in the sub-500 cubic centimeter segments, TVS said in a press release, but each company will sell individual derivatives of vehicles through their own distribution channels.

TVS has seen its sales fall more than 6 percent this financial year that ended in March, against a 4 percent rise for the overall industry, as it loses market share to Japanese rivals Honda Motor Co and Yamaha Motor Co.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance