The two companies have entered into non-equity, long-term partnership wherein they would jointly work to produce mid-capacity models or bikes with 200cc-750cc engines. The two companies in a press conference in Pune today said that these motorcycles are planned for commercial availability from 2022 in the domestic and export markets. Rajiv Bajaj, managing director, Bajaj Auto declined to give details on the revenue sharing arrangement between the companies. “We will go for the belly of the midsize motorcycle market under this partnership," said Rakesh Sharma, executive director, Bajaj Auto Ltd. Triumph Motorcycles CEO, Nick Bloor said, “This is the first time that Triumph Motorcycles has entered into a partnership of this nature with any other vehicle manufacturer.

Source: Mint January 24, 2020 11:37 UTC