BMW increases local sourcing to 50% to make cars in India

Chennai, May 7 (KNN) German luxury car maker BMW today said the localisation level in the cars it makes in India has reached up to 50 per cent and it plans to introduce 15 new models this year.

Cricketer Sachin Tendulkar, who was present at the company’s manufacturing unit at Mahindra World City at Singaperumalkovil, formally assembled a BMW 5 Series car using parts from Indian auto-component suppliers.

The company informed that 50 per cent of the 2,800 parts used in this series are now produced locally.

According to the Philipp von Sahr, BMW Group India President, in 2015 the company will expand our product range and cover all the opportunity available in the luxury car segment.

He said that this year the company will launch 15 new products along with i8 launched in January.

Till date, BMW Group has increased investments to Rs 4.9 billion (Rs. 490 crore) in BMW India from Rs 3.9 billion. (KNN Bureau)