1) TVS Motors entered into an agreement with BMW Motorrad to share technology for building motorcycles under 500cc. The deal does not include any equity investment. 2) TVS will invest €20 million over two years to manufacture motorcycles using BMW technology at its Indian plants. BMW will cover testing and development costs. 3) The deal will help BMW enter new markets like India and Asia, while helping TVS strengthen its product lineup and market share above 250cc models. Motorcycles are expected to launch by end of 2015.