Indian Motorcycle manufacturer TVS Joined hands with German auto-maker BMW Motorrad. These two companies will start Development and production of 500 cc and below capacity motor vehicles. Thereafter they will release these motorcycles in their own brands.For this they've signed a pact with each-other.
TVS Motors Chairman Venu srinivasan on Monday talking to the media said, "This is a Long-term pact, There will be no time-limit for this. TVS Motors will invest an amount of 20 Million dollars ( Nearly 142 Crores). BMW bares the cost of Development and Research. I am hoping first bike will be unveiled in 2015". BMW motorrad president Stephan Schaller said partnership continues until both parties have win-win situation.
Tue Apr 09 2013 14:51
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