100 years for BMW Group means 100 years of forward thinking, Vikram Pahwa
By Sheela Mamidenna The youngest of the German cars in India, BMW, is fighting back to reclaim its leadership position in India. With its new Indian President and the company’s ‘power to lead’ strategy, BMW India recently launched the newest version of its luxury sedan, the 5 series, on June 29. Locally produced at the BMW Plant Chennai, the all-new BMW 5 Series will be available in diesel and petrol variants at all BMW dealerships across India from 1 July 2017 onwards. With the official implementation of GST on July 1, BMW is hopeful that it will make a strong comeback in India in a segment that accounts for less than 2% in the passenger vehicle market. With BMW, MINI and Motorrad, the BMW ...
Centre recommends imposition of anti-dumping duty on cast aluminium alloy wheels
The Dollar Business Bureau The Government of India has recommended imposition of anti-dumping duty on ‘cast aluminium alloy wheels’ or ‘alloy road wheels used in Motor Vehicles’, whether or not attached with their accessories, of a size in diameters ranging from 12 inches to 24 inches either manufactured or exported from China, South Korea and Thailand into India. A Ministry of Commerce notification said that the above countries have exported ‘cast aluminium alloy wheels’ to India below its normal value and have adversely affected the domestic industry and hence the imposition of anti-dumping duty in order to remove injury to the domestic industry. The above move from the government comes at a time when aluminium alloys industry is set to ...
