BMW in Talks to Build Factory in India
July 21, 2005Advertisement
BMW, the German luxury car maker, is negotiating with the authorities in India with regard to the possible construction of a manufacturing plant on the sub-continent, a company spokesman said Thursday. Nevertheless, no contract had yet been signed on the matter, the spokesman added. According to the Indian daily Business Standard, BMW is preparing to build a assembly plant in Chenglepet in Tamil Nadu for one billion rupees (around 18 million euros or $22 million). The newspaper quoted sources close to the project. BMW said last year that it aimed to expand in India where it is currently only represented via three independent dealers.