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Indo Count Industries Ltd
Industry :  Textiles - Cotton/Blended
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tvs motor company ltd
TVS Motor Company and BMW Motorrad to jointly develop future tech and EVs
Dec 15,2021

TVS Motor Company's scope will include the design and development of future BMW Motorrad products and delivering world-class quality, supply chain management, and industrialisation.

Under this enhanced cooperation, both companies have identified a range of products and technologies to deliver significant business benefits.

BMW Motorrad and TVS Motor Company will develop common platforms by mutually tapping the emerging technologies in the future mobility space, keeping in mind the global requirements of customer segments in various markets. Exclusive products for both companies will be developed on these common platforms, and the companies will retail their products globally.

TVS Motor Company will continue to bring on board engineering prowess in design, manufacturing and supply chain capabilities and provide best-in-class quality and economic advantage. The first product through this cooperation will be showcased in the next 24 months.

Sudarshan Venu, joint managing director, TVS Motor Company, said, 'The new world of future mobility encompasses a strong play through alternate solutions, including electric mobility. Expanding this successful partnership to EVs and other newer platforms will create opportunities to deliver advanced technology and aspirational products to global markets and bring valuable synergies to both companies.”

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services.

In April 2013, TVS Motor Company and BMW Motorrad had signed a long-term strategic partnership to manufacture sub-500cc motorcycles for the globe. This collaboration has resulted in three products on the 310cc platform: BMW G 310 R, BMW 310 GS, and TVS Motor Company's TVS Apache RR 310.

With over 100,000 customers, the products have been well accepted in all the leading markets like the EU, USA, Japan, China and India.

TVS Motor Company is the third-largest two-wheeler manufacturer in India and ranks among the top ten globally, exporting to over 70 countries. The company has four manufacturing plants: three in India (Hosur, Tamil Nadu and Mysore, Karnataka and Nalagarh, Himachal Pradesh) and one in Indonesia (Karawang).

The company's consolidated net profit jumped 29.2% to Rs 234.37 crore on 23.4% surge in net sales to Rs 6,483.42 crore in Q2 FY22 over Q2 FY21.

Shares of TVS Motor rose 1.95% to end at Rs 673.10 on BSE today.

On the BSE, 5.51 lakh shares were traded in the counter during the trading session as compared with an average daily volume of 38,156 shares in the past two weeks.