TVS Motors rises on tie-up with BMW Motorrad

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, April 8, 2013, 11:04 [IST]

Shares in TVS Motor Co Ltd jumped after increasing hopes of a tie-up with BMW Motorrad, the motorcycle division of Germany's BMW AG. The stock was up 3.31 per cent at Rs 37.45.
The company is holding a press conference later on Monday, where it is expected to announce a long-awaited technology sharing agreement with BMW.
TVS Motor Company recorded total sales of 167,583 units in March 2013 against 182,527 units registered in March 2012.
The company registered total two wheeler sales of 162,507 units in March 2013 against 180,274 units recorded in March 2012. Domestic sales stood at 143,239 units in the month of March 2013 against 160,736 units in March 2012.

Motorcycles recorded sales of 61,808 units in March 2013 against 65,994 units in March 2012. Scooters registered sales of 29,261 units in March 2013 against 39,395 units in the same month of the previous year.

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