TVS Motor Company and BMW Motorrad have signed a long-term cooperation agreement. The aim of the cooperation is to join forces to develop and produce a new series of motorcycles that will cater to the segment below 500 cubic centimeters. The various stages through to the finished serial production motorcycle will be planned by both partners but implemented with different focus areas on each side leveraging the strengths of both companies.
The cooperation agreement involves the two companies each offering their own vehicle derivatives, which will be sold through their own distribution channels in India and across the globe.
The cooperation partner BMW Motorrad is one of the world's leading manufacturers of motorcycles and scooters in the premium segment while, TVS Motor Company is the flagship company of the 100 year old $6 billion TVS Group, which has some 40 companies and holdings in the automotive sector. TVS Motor Company offers the widest range of product in the Indian two and three wheeler industry.
Company Name | CMP |
---|---|
Bajaj Auto | 8847.40 |
Hero MotoCorp | 4467.85 |
TVS Motor | 2030.55 |
Eicher Motors | 4555.05 |
Atul Auto | 521.05 |
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