TVS Motor rallies on BMW tie-up report

TVS-MOTOR-BMW-TIE-UP-REPORT:TVS Motor rallies on BMW tie-up report

 

Reuters Market Eye - Shares in TVS Motor Co Ltd gains 6.7 percent after business newspaper Mint reports 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," Mint 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."

(abhishek.vishnoi@thomsonreuters.com)