The new BMW X3 xDrive28i and BMW X5 xDrive35i will be locally produced at the company's plant in Chennai. The models are now available across the country in both petrol as well as diesel variants.
The company, which today launched AMG 43 priced at Rs 77.5 lakh (ex-showroom Delhi), however remained hopeful that a solution would be found soon on the diesel ban in the region which traditionally has been the key market for the auto maker in India.
After Cadbury and Nokia, the tax man has now trained his guns on German car-maker BMW. CNBC-TV18 learns that the company has been served with Rs 650 crore tax notice by the customs department. CNBC-TV18‘s Aakansha Sethi reports the exclusive details why this tax notice has been served.
Vivek Chaand Sehgal, vice chairman of Motherson Sumi Group tells CNBC-TV18 that the international business of the company is intact despite crisis in Europe.