Hosur, Dec 15 : TVS Motor Company and BMW Motorrad Today  announced that they are extending and expanding their long-term partnership with the joint development of new platforms and future technologies, including electric vehicles.

Based on this decision, 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, TVS Motor Company Joint Managing Director Sudarshan Venu said.

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

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, Venu said.

Exclusive products for both companies will be developed on these common platforms, and the companies will retail their products globally, he said.

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, Venu said. “The first product through this cooperation will be showcased in the next 24 months,” he added.

Venu said in the nine years of the company’s long-term strategic partnership, it has always cherished the common core values it shares with BMW Motorrad.

“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,” he said.

BMW Motorrad Head Dr Markus Schramm said that the company is delighted to tie up with TVS.

In April 2013, TVS and Motorrad signed a long-term strategic partnership to manufacture sub-500cc motorcycles for the globe.

The BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and provides premium financial and mobility services. The Group production network comprises 31 production and assembly facilities in 15 countries and the company has a global sales network in more than 140 countries.

In 2020, the Group sold over 2.3 million passenger vehicles and more than 169,000 motorcycles worldwide.

The profit before tax in the financial year 2019 was € 7.118 billion on revenues amounting to € 104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

TVS Motor Company is a two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group.

The company has been ranked No. 1 in JD Power Customer Service Satisfaction Survey for consecutive four years.(UNI)