TVS Motor denies report of move to buy LML assets
13 Jul 2010
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Two and three wheeler maker TVS Motor Co today denied a report that it is buying the assets of LML India, another two wheeler company. "TVS Motor Co hereby clarifies that as on date it does not have any plans to buy the assets of LML," a TVS spokesperson said in a statement.
The spokesperson was on a report by television channel which said TVS was interested in buying LML's assets. TVS Motor, the statement said, "is not aware of the source of this incorrect information carried in the said news report".
LML in a separate statement also said the report of asset sale was incorrect.
