New Delhi: Shares in TVS Motor Co Ltd gained 6.7 per cent after a business newspaper reported that the two-wheeler maker is in talks with German auto maker BMW AG's unit, BMW Motorrad, to source technological know-how to develop high-end motorcycles.
"It is correct that we are in talks with BMW," the newspaper quoted TVS chairman Venu Srinivasan as saying in an interview on Sunday. "We are looking at a technical contract. I will not be able to share any further detail at this moment."
Copyright Thomson Reuters 2012
"It is correct that we are in talks with BMW," the newspaper quoted TVS chairman Venu Srinivasan as saying in an interview on Sunday. "We are looking at a technical contract. I will not be able to share any further detail at this moment."
Copyright Thomson Reuters 2012
