TVS Motor commences production of two-wheelers for BMW
.jpg)
TVS Motor announced that the company has commenced manufacturing products for BMW at its Hosur facility.
K N Radhakrishnan, president & CEO, TVS Motor said that first product will be launched after October by BMW, and TVS will launch its product by end of fiscal.
German auto major BMW and Indian two-wheeler major TVS are planning to use common platform and service outlets for the upcoming motorcycles.
BMW Motorrad unveiled its first 300cc motorcycle, the G 310 R in October in association with TVS Motor. TVS is also gearing up for the 200cc version of Apache. It was reported that the BMW Motorrad had a pivotal role in shaping the Apache 200.
The company also unveiled the BMW Concept Stunt G 310, a stunt bike which could be the basis of the motorcycle the BMW-TVS Motor tie up to launch in India, according to reports.
The motorcycle was showcased in a motorcycle show in Brazil. The vehicle, which BMW refers as "a one-cylinder roadster in the extraordinary design of a stunt bike", is the basis of the BMW-TVS K3 a motorcycle the partners are planning to launch in India later in 2016, according to various reports.
The report stated that existing TVS dealers will get priority for the exclusive outlets.
The partners are expected to introduce products and there might be two products, one under the brand of TVS and the other under the brand of BMW, the report further indicates. The BMW-TVS partnership is looking at launching motorcycles in the sub-500 cc category.
The partners earlier announced that investment in the project would be Euro 20 million. In 2013 the two companies have announced the co-operation.
Other Latest News
.webp)
Tesla CEO Elon Musk deferring his India visit this week has had no effect on buzz that his company will eventually have a base for electric vehicles (EV) in the country.
Analysts say Musk deferred his visit to meet Prime Minister Narendra Modi due to Lok Sabha elections when the government attention is focused on campaigning and it cannot announce major policy.
.webp)
Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter.
The company had posted a net profit of Rs 1,769 crore in the year-ago period.
.webp)
Prime Minister Narendra Modi on Thursday claimed that former premier Rajiv Gandhi abolished the inheritance tax in 1985 after the death of his mother Indira Gandhi to save her wealth from going to the government, continuing his attack on the Congress on the wealth redistribution issue.
Addressing an election rally in Madhya Pradesh's Morena city, Modi alleged that Congress wanted to bring back the inheritance tax or estate duty, a levy imposed on inherited movable and immovable assets.
.webp)
Shares of Housing & Urban Development Corporation (HUDCO) hit a record high of Rs 234.30, zooming 15 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade amid heavy volumes on expectations of good growth going forward. Last week, the Department of Public Enterprises (OPE) granted the Navratna Status to HUDCO.
The stock of the state-owned financial institution surpassed its previous high of Rs 226.95 touched on February 2, 2024. It has bounced back 43 per cent from the low of Rs 163.80 hit on March 13.
.webp)
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels.
The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
.webp)
.webp)
.webp)
.webp)
.webp)
