Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 November, 2014 23:18 IST

Source: rss | 28-Nov-14
Comments  |  Post Comment

Angel Broking has recommended 'Accumulate' on TVS Motor (TVSL) with a price target of Rs 45  in its report dated Dec. 04, 2012.

The management of TVS Motor (TVSL) has reiterated that the company is in talks with BMW's motorcycle division, BMW Motorrad for a technology tie-up and expects to finalize a partnership by end of FY2013.

Earlier in July 2012, TVSL had indicated that they are looking for technology collaboration with BMW Motorrad with an intention to widen its product portfolio and focus on the high-end motorcycles segment. While the exact nature of the partnership is not yet disclosed, reports indicate that the partnership will  likely involve a technology sharing pact and may also extend to joint marketing.

The broking firm sees this as a positive development for the company as the technological sharing pact will help TVSL acquire technological know-how to develop more powerful motorcycles and extend its premium product portfolio, where it currently has the Apache (160cc and 180cc).

While the development is certainly positive for the company in the long run, it is unlikely to alter the current positioning of the company in the domestic motorcycle industry in the near term as BMW currently offers products in the greater than 600cc category which has a very limited domestic market.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



T V S Motor Company Limited  


Related Articles
Ind-Ra rates Prism Cement's Rs 1,000 mn NCDs at 'A-' - 28-Nov-2014 17:36
IDBI Bank opens Zonal Office in Chandigarh - 28-Nov-2014 16:22
CRISIL reaffirms `AA+/Stable/A1+` on Bharti Airtel - 28-Nov-2014 15:02
State Bank of India shares climb on partnership with Nissan - 28-Nov-2014 14:51
Nissan, SBI enter strategic tie-up to offer vehicle finance options in India - 28-Nov-2014 14:48
ICICI Bank allots 227,650 shares under ESOS - 28-Nov-2014 14:27
Coal India gives nod for MCL project worth Rs 113.63 bn - 28-Nov-2014 14:15
GEPL Capital maintains 'Buy' on VIP Industries; target Rs 123 - 28-Nov-2014 11:34
Ind-Ra affirms Coromandel International at 'AA+' - 28-Nov-2014 10:12
'Accumulate' Tata Steel; target of Rs 530: Prabhudas Lilladher - 27-Nov-2014 18:22
Essar Steel commissions 6 mtpa pellet complex in Odisha - 27-Nov-2014 18:08
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer