Published on Thu, Mar 29, 2007 at 08:25 | Source : Moneycontrol.com
Updated at Thu, Mar 29, 2007 at 13:34
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BMW sees India as major growth market
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.
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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RTO delay 
