International Investment Books



Wednesday, November 9, 2011

BMW India investment to be Rs. 1.8 billion by 2012 end

By: Rush Lane
Source: http://www.rushlane.com


The BMW Group is increasing their investment in India to Rs. 1.8 billion by 2012 end. Up until, September 2010, the investment in BMW India was Rs. 1.1 billion. BMW has a production plant in Chennai with a production capacity 11,000 each year on a double shift basis, and has being looking at expending their dealership network here.

BMW India looks at providing 650 people employment by 2011 and additional 1200 jobs will be created in the dealer and service network. By 2012 end, the German auto maker looks forward to 40 dealerships pan India in comparison t the current 24 outlets.

Early in 2012, one would get a glimpse of the MINI in India. At last count, BMW India has sold 7252 luxury vehicles. In the Indian car market, BMW offers the 3 Series, 5 Series, 6 Series, and, 7 Series luxury sedan. The BMW X5, X6, Z4, and Gran Turismo are made available here as CBU's (completely built-up units). The BMW X1, and X3 are produced at their Chennai plant. In addition, the BMW M3 Coupé, and, Convertible, M5, M6 Coupé, and, Convertible, X6 M, and 6 Series Individual and 7 Series Individual are made available on order at their dealerships.

Source: http://www.rushlane.com/bmw-india-investment-to-be-rs-1-8-billion-by-2012-end-1221964.html

No comments:

Post a Comment