BMW sees India as major growth market

New Delhi March 28

German auto major BMW would be investing more than Rs 1,000 crore for its Indian operation in the short run and sees India as a major growth market, particularly in the high-end car segment.

The Global Chairman of BMW, Mr Nobert Reithofer, on Wednesday met the Minister of State for Industries, Mr Ashwini Kumar, to apprise him of the company's India plans. BMW would be inaugurating its plant in Chennai on Thursday.

RTO delay

Though the company is planning to sell its cars immediately, they are having some problem with the Road Transport Office (RTO) in Chennai and is unable to get registration numbers.

"BMW representatives said that there is delay in getting the numbers because there is a severe backlog in the RTO office there, which may cause delay in the roll out of vehicles," Mr Kumar told Business Line after the meeting.

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