The country’s largest luxury car maker BMW is all set to roll-out its popular luxury sports utility vehicle (SUV) – X3 – in the Indian market soon. The car is expected to hit the Indian roads by June this year. With this, the company will also invest about Rs 180 crore in the country by year 2012, in a bid to expand its production capacity in the country along with expanding its dealership network.
According to a recent statement given by Andreas Schaaf, president of BMW India, “The X3 to be launched in India will be assembled from completely knocked down (CKD) kits at the Chennai plant.” The X3 model will be competing with the likes of Audi Q5 in India.
While further elaborating its India plans, Mr. Schaaf said, “BMW is committed to India. The group sees huge potential in the market and plans to expand its product range this year.” He added that the company has increased the capacity of its Chennai plant to 10,000 per annum from earlier capacity of 8,000 units.
Moreover, the company plans to expand its dealership network to 40 dealers from existing number of 20 dealers.
![BMW X3 [2018-2022]](https://imgd-ct.aeplcdn.com/160x89/cw/ec/32888/BMW-X3-Exterior-125761.jpg?wm=0&q=80 "BMW X3 [2018-2022]")
