<p>Two- and three-wheeler maker TVS Motor Company will start rolling out bikes for German auto major BMW during the second half of next year, a top company official said Monday.<br /><br /></p>.<p>The company will also launch new products to fill up the vacuum in its product line-up.<br /><br />Speaking about the tie-up with the German group, Venu Srinivasan, chairman and managing director of TVS Motor, told newsmen: "It will be ready in the second half of next calendar year. It will be brand new platform for the BMW."<br /><br />Last year TVS Motor and BMW signed an agreement to jointly develop motorcycles in the 250-500cc range to be sold through their respective distribution network.<br /><br />The company has invested around Rs.150 crore for the project and will be using its existing and new vendor base for making the bikes.<br /><br />Meanwhile, launching the company's new Star City Plus 110cc motorcycle priced at Rs.44,000 (ex-showroom New Delhi), Srinivasan said the company will be introducing new products in bikes as well as scooter segment every quarter to fill up its product line.<br /><br />He said the company will be launching bikes in the high volume commuter segment where the company is not present in a major way.<br /><br />Srinivasan said the commuter segment is around 600,000 units per month and TVS Motor's share in that segment is around 35,000 units.<br /><br />The launch of new model is expected to take the company's sales volume to around 50,000 units per month in the commuter segment in six months time.<br /><br />Srinivasan said TVS Motor will soon come out with new bike and scooter models.</p>
<p>Two- and three-wheeler maker TVS Motor Company will start rolling out bikes for German auto major BMW during the second half of next year, a top company official said Monday.<br /><br /></p>.<p>The company will also launch new products to fill up the vacuum in its product line-up.<br /><br />Speaking about the tie-up with the German group, Venu Srinivasan, chairman and managing director of TVS Motor, told newsmen: "It will be ready in the second half of next calendar year. It will be brand new platform for the BMW."<br /><br />Last year TVS Motor and BMW signed an agreement to jointly develop motorcycles in the 250-500cc range to be sold through their respective distribution network.<br /><br />The company has invested around Rs.150 crore for the project and will be using its existing and new vendor base for making the bikes.<br /><br />Meanwhile, launching the company's new Star City Plus 110cc motorcycle priced at Rs.44,000 (ex-showroom New Delhi), Srinivasan said the company will be introducing new products in bikes as well as scooter segment every quarter to fill up its product line.<br /><br />He said the company will be launching bikes in the high volume commuter segment where the company is not present in a major way.<br /><br />Srinivasan said the commuter segment is around 600,000 units per month and TVS Motor's share in that segment is around 35,000 units.<br /><br />The launch of new model is expected to take the company's sales volume to around 50,000 units per month in the commuter segment in six months time.<br /><br />Srinivasan said TVS Motor will soon come out with new bike and scooter models.</p>