TVS Motor soars on BMW tie-up report
Reuters | Updated On: July 09, 2012 11:52 (IST)
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."
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