The first BMW produced in India, signed by the Tamilnadu Chief Minister.Image courtesy: The Hindu.
Daimler Chrysler AG is set to join the ranks of BMW and Ford by setting up its own plant in India.
The construction of a fully owned plant began on Thursday near Pune in western India. Although the company currently uses the leased plant of Tata Motors to make its Merc’s, the new plant is aimed at meeting the demand for luxury cars in India.
A statement released by Daimler said
DaimlerChrysler is investing 2.75 billion rupees ($67.5 million) in the new plant that will have a capacity to produce 5,000 vehicles annually, the company said in a statement. It will initially employ 350 people.
Construction began after Vilas Rao Desmukh, the elected head of Maharashtra state, where the plant is located, inaugurated the project.
This means that car enthusiasts will get to spot more luxury cars stalled in traffic that moves at a snails pace.
Who do you think will be next major car company to come to India?