No plans to set up any plant in Punjab: BMW

No


Chennai, Sep 14 : The BMW Group on Wednesday categorically refuted reports of setting up an auto component plant in Punjab. "BMW Group India has no plans for setting up additional manufacturing operations in Punjab," the German group said in a statement. Along with cars and motorcycles, BMW Group's activities in India comprise of financial services for its premium clientele, the statement added. BMW Group is firmly committed to its Indian operations with its manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurgaon-NCR and a well-developed dealer network across major metropolitans of the country. The BMW gets some two wheeler models manufactured by two and three wheeler maker TVS Motor Company. BMW India and BMW India Financial Services are 100 per cent subsidiaries of the BMW Group and are headquartered in Gurgaon (National Capital Region), the BMW Group said. /IANS




Related

Scindia holds meeting on handling rush in busy airports
New Delhi, Dec 7 : Taking note of the inconvenience faced by air passengers in the busy airports, Union Aviation Minister Jyotiraditya Scindia on Wedn

RBI's inflation control measures turn home loan EMIs inflationary
By Venkatachari Jagannathan Chennai, Dec 7 : Even as the Reserve Bank of India (RBI) is hiking repo rate to control inflation, home loan borrowers w

Emirates-based telecom firm in talks to buy Telenor Pakistan
Karachi, Dec 7 : Ownership of Pakistans second-largest cellular service provider may soon change hands as Telenor Pakistan looks to exit the country a