by admin | May 25, 2021 | Business, Large Enterprise
Chennai (IANS) German car maker BMW’s plant near here has rolled out its 50,000th car, the company’s Indian subsidiary said.
“It is with great pride that we are rolling out the 50,000th car locally produced at BMW Plant, Chennai,” Jochen Stallkamp, managing director, BMW Plant Chennai was quoted as saying in a statement.
BMW Plant Chennai started operations on March 29, 2007.
Upto eight car models are locally produced on two assembly lines at BMW Plant Chennai. Presently, the BMW 1 Series, the BMW 3 Series, the BMW 3 Series Gran Turismo, the BMW 5 Series, the BMW 7 Series, the BMW X1, the BMW X3 and the BMW X5 are locally produced at BMW plant near here, the statement added.
The BMW 7 series was the 50,000th car that was locally produced in India.
The model was launched at the Auto Expo 2016.
Till date, BMW Group has invested over Rs.4.9 billion (69 million) in BMW India.
by admin | May 25, 2021 | Business, Large Enterprise
Munich, (IANS) German car producer BMW Group reported here on Tuesday that its sales have reached a new record in the first quarter of the year.
According to the group’s statistics, sales volume in its automotive segment for the Bavarian company rose by 5.9 percent to a total of 557,605 units in the first three months of the year.
A total of 127,167 units were sold on the Chinese mainland in the first quarter, representing an increase of 10.5 percent, Xinhua reported.
“Our first-quarter performance is further proof of our ability to generate positive earnings with our core business, despite a volatile environment,” Harald Krueger, chairman of the board of management, was quoted as saying.
“We forecast slight increases and thus new record figures for sales volume in the automotive segment and group profit before tax in 2016,” Krueger added.
In addition, BMW reported that its size of the workforce increased by 4.4 percent to 122,692 people compared with the same period last year.
