TVS Motor Company and BMW Motorrad on Wednesday said they are extending 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.

Under this enhanced co-operation, both companies have identified a range of products and technologies to deliver significant business benefits.

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.

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

The first product through this arrangement will be showcased in the next 24 months.

Toyota prices

Toyota Kirloskar Motor (TKM) on Wednesday said it will increase prices across its entire product portfolio from January to offset the impact of a rise in input costs.

The company sells a range of models, including the Glanza, the Urban Cruiser, the Innova Crysta and the Fortuner in the domestic market.

“The price realignment is necessitated on the back of a sustained increase in input costs, including raw materials. All efforts have been made to ensure that the impact of the cost increase has a minimum effect on our esteemed customers,” TKM said.

TaMo-Bandhan tieup

Tata Motors on Wednesday said it has tied up with Bandhan Bank for retail finance for its range of passenger vehicles.

As part of the tie-up, Bandhan Bank will provide loans to Tata Motors’ customers at an interest rate starting from as low as 7.5 per cent, the auto maker said in a statement.

The scheme will offer a maximum of 90 per cent financing on the total on-road cost of the vehicle, it added.