Wednesday, December 19, 2007

BMW India is focused on the fast growing domestic market, no plans of exporting cars manufactured at its Chennai plant

Headquartered in Gurgaon, BMW India is a 100 per cent subsidiary of the BMW Group set up with an initial investment of Rs 1.1 billion.

The Chennai plant, started operation in March this year and produces the BMW 3 and BMV 5 series Sedans in petrol and diesel variants.

The plant has a capacity to produce 1,700 units a year.

BMW India has also partnered with Bajaj Allianz Insurance for offering motor insurance and with ICICI Bank to offer customised financial solutions for its customers.

BMW India President Peter Kronschnabi was in Pune to inaugurate company's first showroom, Bawaria Motors.
DNA - Money - BMW India to focus on domestic market - Daily News & Analysis

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