Chandigarh: Two years after German luxury car manufacturer BMW denied reports that it was setting up a new plant in Punjab, an Indian company, Modern Automotives , which has got an order to deliver differential pinion shafts to BMW AG Munich, will soon set up its plant in Mandi Gobindgarh . On Thursday, a delegation of the company met chief minister Bhagwant Mann , who agreed to lay the foundation stone of the plant next month. He also assured support to the company for its future endeavours in the state.
The delegation of the Modern Automotives comprised of Aditya Goyal, Suhail Goyal and Manish Bagga. During the meeting, he was informed that for deliveries of differential pinion shafts to German luxury vehicles manufacturer BMW AG Munich, the company received an order for 2.5 million units valued at Rs 150 crore.
Mann posted on X: “Today, an important meeting was held with officials to discuss investing in BMW vehicle parts manufacturing in Punjab. It was decided to establish a BMW parts manufacturing plant in Mandi Gobindgarh, where hundreds of crores will be invested, creating thousands of jobs for the youth. They expressed appreciation for Punjab’s pro-investment policies.
We are continuously moving forward with our commitment to building a Rangla Punjab.” Mann added that it was a matter of immense pride and satisfaction that the parts of leading automotive giant BMW will now be produced in the state, adding that the move would give impetus to industrial growth of the state besides highlighting Punjab on the international map. He reiterated that the state has an industry-friendly government with a single window system.
He said Punjab is a land of opportunities and leading companies from across the world are making a beeline to invest in the state. In September 2022, the AAP government had to face embarrassment after it claimed that BMW was keen on setting up a manufacturing unit in Punjab. However, the BMW denied the same.
BMW Group India has no plans for setting up additional manufacturing operations in Punjab, the automaker had said in a statement. We also published the following articles recently BMW hit & run case: Accused sent to jail Indore police arrested Gajendra Pratap Singh for a hit-and-run incident that resulted in the deaths of two women on Mahalakshmi Nagar main road. Singh, who fled the scene, was apprehended and charged with culpable homicide after CCTV footage review.
Local residents are demanding immediate road repairs. Teen driving BMW hits SUV, four injured An 18-year-old BMW driver hit a Creta on Simon Bolivar Marg in New Delhi, causing minor injuries to four people. The injured included both drivers and their passengers, who were taken to the hospital.
Authorities registered a case under sections for rash driving and endangering life or personal safety of others. Ford to restart manufacturing of vehicles in Chennai plant after 3 years Ford has confirmed its return to Tamil Nadu by submitting a Letter of Intent to the state government. The company plans to repurpose its Chennai plant for export manufacturing as part of the Ford+ growth plan.
This announcement follows a meeting between Ford leadership and Tamil Nadu chief minister MK Stalin during his US tour..
