CHENNAI, India – After eight long years of thought and exploration, BMW AG finally is setting up an assembly plant near here. The German car maker will invest $40 million in the new operation. Part of that will go toward the acquisition of the old inoperative shell of its own joint venture with Hero Motors, which will be turned into a modern new facility under the investment scheme. Success in Asia has motivated BMW to finalize its Indian strategy. The auto maker sells about 100,000 ...
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