TVS Motor in high gear amid talks with BMW

Last Updated: Wed, Apr 03, 2013 10:31 hrs

TVS Motor Company is trading higher by 7% to Rs 34.20 in otherwise weak market after the two-wheeler manufacture said that the company is in talks with German Auto-maker, BMW for a technology tie up.

“The company is in talks with German Auto-maker, BMW's Motorcycle Division, BMW Motorrad for a technology tie up and that the Company will keep the exchanges informed once finality is reached in this regard,” ny said in a regulatory filing.

The stock opened at Rs 33.95 and touched high of Rs 37.35 on BSE. As many as a combined 4.15 million shares have already changed hands on the counter till 1502 hours compared to sub one million shares that were traded daily in past two weeks. The BSE Auto index however, is down by over 2% or 203 points at 9,749.

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