Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 410 Fri. July 22, 2005  
   
Business


BMW in talks to build factory in India


BMW, the German luxury car maker, is negotiating with the authorities in India with regard to the possible construction of a manufacturing plant on the sub-continent, a company spokesman said Thursday.

Nevertheless, no contract had yet been signed on the matter, the spokesman added.

According to the Indian daily Business Standard, BMW is preparing to build a assembly plant in Chenglepet in Tamil Nadu for one billion rupees (around 18 million euros, 22 million dollars).