INSUBCONTINENT EXCLUSIVE:
TVS Motors and BMW Motorrad will collaborate to make electric vehicles in IndiaTVS Motor Business said on Wednesday that it will develop
electric lorries (EV) with BMW's motorcycle brand in the nation, joining a host of Indian automakers that have actually looked for to
expand their tidy movement offering.Earlier in the day, TVS shares leapt as much as 7.4 percent after media reports stated the companies
were likely to reveal a joint alliance for making and exporting electric automobiles from India.The tie-up comes at a time when new-age
start-ups like Ola Electric and Ather are increase investment in electrical scooters, forcing tradition two-wheeler makers like TVS and
Bajaj Auto to follow suit.Top car manufacturers like Mahindra - & Mahindra and Tata Motors are also investing greatly in EVs as government
has been motivating car manufacturers to go electrical in a quote to decrease pollution and fuel imports.Currently, EVs represent a portion
of total two-wheeler sales in the nation, mainly due to high battery costs and the lack of charging infrastructure.TVS and BMW Motorrad had
signed a long-term agreement in 2013 to make bikes and are now broadening on the deal to establish exclusive items for both business that
will be sold globally.The first product from this collaboration will be showcased in the next 24 months, TVS said.
