BMW has just announced that it will expand production of the new X1. The brand, in fact, will start producing the crossover in another production facility in Born in the Netherlands.
The Netherlands plant will share production of the X1 for the global markets with BMW’s Regensburg facility. The former has built three Mini models since its inception in 2014. The X1, then, will be the fourth BMW group model to roll off the production line.
Strong global demand for the X1 has called for additional capacity to supplement production at the BMW’s Regensburg plant where the second-gen of this popular model has been manufactured since July 2015.
With eight different models built on a single line, production volumes at the Regensburg plant have risen significantly in recent years. As a consequence of this growth, the plant will share the X1 production with the facility in Born. Over its lifecycle, the main volume of the X1 will still be produced in Regensburg, however.
The second-gen BMW X1 is on sale across several markets including India. Here the crossover is doing well against its competition, thanks to its practical, quality interiors and strong engine options.
Show CommentsPeugeot Citroen and the CK Birla Group signs agreement for Indian operations
Bilal Ahmed Firfiray, Jan 25 2017.11020 View(s)
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As we had reported earlier, Peugeot Citroen will mark its return to India through a joint venture between PSA Group and the CK Birla group. Both the companies have now entered into an agreement to manufacture and sell vehicles and components in India by the year 2020.
In line with the PSA Group’s strategic plan of “Push to Pass” and CK Birla Group’s growth plan in the automotive sector, the partnership pledges an initial investment close to €100 million (approx. Rs 700 crore). This investment includes vehicle and powertrain manufacturing costs in the state of Tamil Nadu.
There will be two joint-venture agreements between the two companies. As part of the first agreement, the PSA Group will hold a majority stake in the joint-venture with Hindustan Motors Finance Corporation Limited (HMFCL) for the assembly and distribution of PSA passenger cars in India. The cars will be assembled at Hindustan Motor’s factory outside Chennai. The second agreement is a 50:50 joint-venture between the PSA Group and AVTEC Ltd to manufacture and supply powertrains.
PSA aims at manufacturing one lakh vehicles a year in the initial phase, and further investments will be made depending on market performance. PSA intends exporting products from its Indian venture as well. Furthermore, the company will be counting on high level of localisation to keep costs in check. With this long-term partnership, both the companies are looking forward to being a part of the growth of Indian automotive sector.
Tags: Peugeot,CitroenShow Comments- source”cnbc”
