August 31, 2006
BMW to complete Indian plant by end of 2006
New Delhi, India – BMW Group has announced that it is expected to complete a plant in Chennai, India by the end of 2006 to produce 3 and 5 Series sedans, in gasoline or diesel configuration.
“We at BMW Group have always longed to be part of the Indian luxury car market,” says Peter Kronschnabl, Country Head and President of BMW India Private Ltd. “As a fast-growing economy, India is opening itself to global brands, and this for us is an opportunity to enter the competition in this market. The production and sales subsidiary will be owned 100 per cent by BMW Group and we plan to commence full business operations by the beginning of 2007, as scheduled.”
The company initially intends to employ around 200 people in India, most of them at the Chennai plant. Up to 600 additional jobs will be created in the dealer and service network. From 2007, there will initially be six new BMW dealers in Delhi, Mumbai, Chandigarh and Bangalore.