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BMW clarifies it has no plans to set up manufacturing plant in Punjab

After reports that the German car maker, BMW was planning to set up a plant in Punjab, the company has clarified that it has no such plans as of now.

In a media statement, BMW stated with BMW, MINI and Motorrad, the BMW Group has its sight set firmly on the premium sector of the Indian automobile market.

“Along with cars and motorcycles, BMW Group’s activities in India comprise of financial services for its premium clientele. BMW India and BMW India Financial Services are 100% subsidiaries of the BMW Group and are headquartered in Gurgaon (National Capital Region)” it read.

It further reads “BMW Group is firmly committed to its Indian operations with its manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurgaon NCR and a well-developed dealer network across major metropolitans of the country”.

“BMW Group India has no plans for setting up additional manufacturing operations in Punjab” the statement read.