Chennai-based TVS Motor is likely to finalize the partnership with BMW for collaboration in two-wheelers before end of this fiscal. The company is in talks with BMW and it aims to gain technology for introducing high-end motorcycles through this partnership.
The entity has launched Phoenix, its latest model in 125 cc executive bike segment, priced between Rs 49,990 and Rs 52,000. The overall executive motorcycle segment is about four lakh units a month in India now.