BMW to expand Indian operations
November 24th, 2010 - 7:39 pm ICT by IANSChennai, Nov 24 (IANS) German luxury car maker BMW will increase its investment in India to Rs.1.8 billion ($40 million) by the end of 2012 and start rolling out the X1-model from its plant near here by the end of this year, a top official said Wednesday.
The BMW group had set up a car plant near here in 2007 with a capacity to roll out 5,400 units per year. The plant produces the BMW 3 Series, as also the BMW 5 Series sedans in petrol and diesel variants.
By end of 2010, the plant will also start producing the BMW X1, said Andreas Schaaf, the president of India operations.
Apart from the car plant near here, BMW group’s activities in India include a central spare parts warehouse in Mumbai and development of a dealer organisation across major metropolitan centres of the country.
Schaaf said the company aims to maintain leading position in the Indian market by now embarking on the second wave of India strategy.
“We are confident that we will be able to increase sales substantially over the coming years with new products, now produced in India and the ongoing expansion of our dealer network to reach out to more of our potential buyers,” he said.
The company will also increase the number of dealerships to 22 from the current 18 by 2011. The company rolled out its 10,000th unit Wednesday.
- BMW launches sports utility vehicle X1 - Dec 23, 2010
- BMW India to focus on small cities, towns - Jun 08, 2011
- BMW India's record sales in October - Nov 28, 2010
- BMW India launches new dealership facility in Surat - Apr 11, 2011
- BMW India launches three variants of BMW XI in Delhi - Dec 23, 2010
- BMW to launch new model by year-end - Feb 25, 2010
- BMW maintains momentum as leading luxury car manufacturer in India - Apr 11, 2011
- Nissan to make diesel engines in India - Nov 17, 2011
- BMW launches super salon, Mini - Jan 06, 2012
- Honda launches entry-level hatchback Brio - Sep 27, 2011
- Volkswagen to increase market share to 20 per cent by 2018 - Oct 27, 2010
- Haryana bans Maruti workers' strike - Jun 10, 2011
- Rolls-Royce returns to the city of Nizams - Dec 07, 2011
- Strike at Maruti's Manesar plant enters sixth day - Jun 09, 2011
- Fiat to expand presence in Indian market - May 09, 2012
Tags: andreas schaaf, bmw 3 series, bmw 5 series, bmw group, bmw x1, car maker, car plant, india operations, india strategy, indian operations, luxury car, metropolitan centres, mumbai, petrol, president of india, rs 1, second wave, series sedans, spare parts, variants