April 8, 2013
BMW has steamed up with India’s TVS Motor Company to start producing small-engine motorcycles. TVS currently produces over two million vehicles per year.
German top-of-the-range carmaker BMW, which also makes high-powered motorbikes, announced an agreement with India's TVS Motor Company on Monday to produce small-engine motorcycles.
April 8, 2013
BMW has steamed up with India’s TVS Motor Company to start producing small-engine motorcycles. TVS currently produces over two million vehicles per year.
German top-of-the-range carmaker BMW, which also makes high-powered motorbikes, announced an agreement with India's TVS Motor Company on Monday to produce small-engine motorcycles.
"The aim of the cooperation is to join forces to develop and produce motorcycles in the segment below 500 cubic centimeters," the German group said in a written statement.
Small motorbikes are highly popular in emerging markets such as India.
Stephan Schaller, who heads BMW's motorcycle unit, said the group was expanding its product range "to tap into fresh growth potential" amid changing motorcycle markets, demographic developments and environmental demands.
TVS Motor Company is one of India's largest motorcycle manufacturers, producing annually two million vehicles and with a turnover of more than $1 billion.
Courtesy: AFP
