Force Motors has inaugurated a new plant in Chennai to assemble engines for the German luxury carmaker BMW. The new plant will manufacture engines and test them as well.
The new plant, situated in Singaperumal Koil has had an investment of INR 200 crore. This new facility is at Mahindra World City, about 55 km from Chennai.
This new facility will the first independent plant of BMW Group that assembles and test engines. Force Motors is looking to triple its revenue to INR 3,000 crore with the help of this plant in three years.
Prasan Firodia, the Managing Director of Force Motors said, "The investment in the Chennai plant is about INR 200 crore and it can produce up to 20,000 units of premium engines every year. The capacity can be further increased up to 50,000 units."
"We are in OEMs business. We make vehicles. We work for OEMs like BMW, John Deere. When I say we are targeting Rs 3,000 crore revenue, it will be generated out of these businesses. The time frame we expect to be about three years."
This new plant was formally inaugurated by Anant Geete, the Union Minister for Heavy Industries and has been operational since January. It has already supplied around 3,000 units.