Zeebiz.com
New Delhi, July 9: TVS Motor Co Ltd shares took a jump of 6.7 percent in the early trades following reports of BMW Motorad planning to tie up with the Indian two-wheeler makers.
TVS is in talks with German auto maker BMW AG's unit, BMW Motorrad, to source technological know-how to develop high-end motorcycles, an Indian newspaper reported on Monday.
Reports suggests that a possible pact with BMW will help TVS access technological know-how to develop more powerful motorcycles and be better equipped to compete with larger rivals such as Hero MotoCorp Ltd and Bajaj Auto Ltd.