TVS NSE 5.73 % Motor Company and the BMW Group are likely to announce an alliance for joint development, manufacturing, and exports of electric vehicles from India, in their bid to penetrate deeper into the fast-growing electric vehicle space.
According to several people in the know, under the arrangements deliberated by TVS and BMW – the two partners intend to co-develop an electric vehicle platform for manufacturing a range of EV two-wheelers for both partners ranging from scooters to motorcycles and even new concepts.
One of three people said that the alliance discussions are likely modelled around the Bajaj-Triumph partnership, which has joint development and manufacturing collaboration but is unlikely to include equity.
