TVS Motor gains on hopes of BMW unit tie-up

Reuters Market Eye - Shares in TVS Motor Co Ltd, India's fourth-biggest motorcycle company by sales, gain 5 percent on hopes of a tie-up with BMW Motorrad, the motorcycle division of Germany's BMW AG, dealers say.

The company is holding a press conference later on Monday, where it is expected to announce a long-awaited technology sharing agreement with BMW.

BMW is likely to bring more high-end technology to TVS, allowing it to better compete with Hero MotoCorp Ltd and Bajaj Auto Ltd and Japanese rivals such as Honda Motor Co <7267.T> in the growing premium segment.

TVS Motor shares up 3.9 percent as of 10:06 a.m.

 

(Reporting by Henry Foy)