BMW has announced that it will be investing Rs. 130 crore in its Indian arm. This fresh investment will take the German automaker’s total investment in India to Rs. 1,250 crore.
Funds from the said investment will be used across BMW Group’s operations in the country. This will include the four-wheeler division, BMW Motorrad as well as BMW Financial Services. With this fresh investment, BMW’s Indian arm is planning to expand its dealer network in the country. BMW currently has 18 dealer partners with outlets spread over 30 cities. The company’s two-wheeler arm – BMW Motorrad is also looking to expand retail operations before launching its mass market offering, the G 310 R.
Talking about the said development, BMW India’s President – Vikram Pawah, announced that the company will be expanding its retail sales outlets from 41 to 50 by the next year. The company is also looking forward to launch two new models in the future. These include the new-gen 5 Series and the recently unveiled 6 Series GT.
Source: Car and Bike
BMW to invest Rs. 130 crore in Indian arm
