The deal, which is at its final stages, could see India producing BMW components like castings and forgings as per specifications required for BMWs global operations.
“We’ve already tied up with an IT company based in Hyderabad and expect to clinch the deal by the end of this year,” BMW India President Peter Kronschnbl told reporters here to mark the launch of the sport activity coupe BMW X6.
The company, has, however, postponed the launch of its Mini (three door) cars till next year. Mini is a separate brand and we want to first carefully evaluate the Indian market before introducing the car, he said.
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