Car Loan News
BMW to assemble Mini cars in India
Saturday,22nd September 2007
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BMW AG, German Luxury car maker is planning to
assemble its small car ‘Mini’ in India, according to media reports. The company
sells some BMW models in India now, assembles its 3-series and 5-series cars in
Chennai from imported kits. Imported Mini could costs around Rs20 lakh. Imports of kits are slapped with only 10% duty compared to 110% for fully built cars, making locally assembled cars much cheaper than imported models. Small cars in India sell for as little as Rs2 lakh, though these are everyday, city cars. India’s cheapest small car, likely to be introduced next year by Tata Motors Ltd, is likely to sell for about Rs1 lakh. |
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