India's TVS Motor to release bikes developed with BMW in 2015

CHENNAI, April 8 Mon Apr 8, 2013 6:20am EDT

CHENNAI, April 8 (Reuters) - India's TVS Motor Co Ltd will release motorcycles developed with BMW AG's motorcycle unit in 2015, TVS Chairman Venu Srinivasan said on Monday.

TVS and BMW Motorrad announced a long-awaited cooperation agreement earlier on Monday in a deal that see the companies jointly develop a series of new motorcycles as TVS looks to stem a slide in its market share. (Reporting by Anupama Chandrasekaran; Editing by Matt Driskill)

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