BMW Exposes Bhagwant Mann’s False Claim; German automaker refuses to open store in Punjab

First published September 14, 2022 at 8:25 p.m. IST

In a major embarrassment for Punjabi CM Bhagwant Mann, BMW on Wednesday denied claims that the German luxury carmaker had agreed to locate its auto parts manufacturing unit in the state.

In an official statement released, the BMW Group in India said it had “no plans to establish additional manufacturing operations in Punjab”.

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“With BMW, MINI and Motorrad, the BMW Group is firmly targeting the premium sector of the Indian automotive market,” the statement added.

“In addition to cars and motorcycles, BMW Group’s business in India includes financial services for its high-end customer base. BMW India and BMW India Financial Services are wholly owned subsidiaries of BMW Group and are headquartered in Gurgaon (National Capital Region),” the statement said. Noted.

“BMW Group is firmly committed to its Indian operations with its manufacturing plant in Chennai, a parts warehouse in Pune, a training center in Gurgaon NCR and a well-developed dealer network in the main metropolises of the country,” he said. -he adds.

The German automaker’s statement came a day after the Punjab government claimed an agreement with BMW had been reached during the CM’s visit to the company’s headquarters in Germany on Tuesday. An official statement quoting Mann said it would be the company’s second unit in India as one such unit was already operational in Chennai.

According to PTI, Mann is currently visiting the country to woo investors as his government promotes Punjab as the preferred business destination.

The Punjab government statement added, “During the visit, the CM showcased the exemplary work of the state government to promote the industry in the state, after which BMW agreed to set up its unit of automotive components in the state.”

Bhagwant Mann reportedly said the move would boost industrial growth in the state and open up new job opportunities for young people.

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The PTI report added that the Punjab CM has invited BMW to collaborate with the state in the e-mobility sector. Mann was reportedly told that e-mobility is an important area of ​​focus for the auto giant, which aims to have 50% of its global sales made up of fully electric vehicles by 2030. chief reportedly said that the Punjab electric vehicle policy is expected to usher in a new era for the electric mobility sector in the state.

(With PTI entries)

Last updated September 14, 2022 at 8:25 PM IST

Alejandro L. Myatt