
BMW And Force Motors Roll Out 1 Lakh Engines From Chennai Plant
Force Motors, in partnership with BMW Group India, has announced a new milestone of producing 1 lakh engines from its engine assembly plant in Chennai. The 1,00,000th unit rolled out of the plant will be employed on a BMW X5. It is to be noted that both manufacturers have had a decade-long partnership to achieve the goal.
The roll out of the landmark unit was carried out in the presence of representatives from both Force Motors Ltd. and BMW Group, namely Marcus Wollens, Vice President, BMW-Production Network 2, BMW AG & Thomas Dose, Managing Director, BMW Group Plant Chennai, along with Prasan Firodia, Managing Director, Force Motors Ltd.
Also Read: Hardeep Singh Brar Exits Kia India- Likely To Join BMW Group?
The Chennai facility, established in 2015, focuses on the production of engines for the complete range of BMW vehicles manufactured in India. It features advanced automated production lines, and digitally integrated processes.
The facility complies with BMW Group's international manufacturing standards and plays a significant role in the company's operations in India. Over time, it has become a key element of BMW Group's localization strategy, enabling the integration of global standards with local capabilities.
Marcus Wollens, Vice President, BMW Production Network 2, BMW AG said, "We are thrilled to celebrate the roll-out of the 100,000th BMW engine at Force Motors Chennai Plant which is result of a decade of outstanding partnership and dedication. Our engines stand for excellent engineering, innovative technology and high performance. This partnership reinforces BMW Group's commitment to deliver world-class products in India. The 100,000th engine milestone stands as a testament to our shared vision and exemplifies the robust Indo-German synergy that continues to thrive."
Also sharing his views on the occasion, Prasan Firodia, Managing Director of Force Motors Ltd. added, 'This year marks a decade that the Force Motors' state-of-the-art engine assembly plant in Chennai has been in operation and it gives us immense pleasure to be able to celebrate this significant roll-out of the 100,000th engine. We are honoured to be a trusted and strategic partner to BMW Group in India, and this milestone stands testimony to the commitment, precision, and quality that this collaboration resonates."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News18
an hour ago
- News18
Mercedes-Benz Likely To Hike Prices Again, Check When And On Which Models
Last Updated: According to the reports, the company hinted at deciding on a price hike, blaming the fluctuation of the Euro against the Indian Rupee. There is a trend of increasing the price range by top manufacturers when components and labour costs increase. The strategy to survive in the dominating market is followed by the top German player, Mercedes-Benz. It has been reported that the company is likely to hike the price across the range in September this year. However, an official announcement for the same it yet to be made. Reason Behind Price Hike According to the reports, the company hinted at deciding on a price hike, blaming the fluctuation of the Euro against the Indian Rupee. The company has already revised its price brackets by 1.5 per cent, each in January and June this year. Here's What Report Says As per the details shared by PTI, quoting the company's Managing Director and CEO Santosh Iyer, who said, 'If you see, yesterday night, one Euro is equal to Rs 99 and it is the first time that Euro has breached the Rs 98 mark. We had priced our cars (when One EURO) at Rs 89-90. Withthe Euro going up, even though we localise more than 30 per cent of our cars, 70 per cent of the cars still have European content and when the EURO goes up (against Rupee), the price (of the Mercedes-Benz range of cars) will go up." Statement From Top Official He even noted that the brand has already effected a price increase of its cars twice in 2025, in January and June. Up to 1.5 per cent was the increase in hike. Now, he said, 'And the third one (increase in price) equal to 1.5 per cent will come in September, because we cannot pass this in one go and we are doing it in a phase wise," PTI reported. Talking about the sale figures, he revealed that the company had an excellent May (in terms of Sales) and June also seems to be strong and hopefully, during the festive period. 'We will bring back even more cheer (in terms of sales for his company)" Iyer said. First Published: June 18, 2025, 18:35 IST


Mint
7 hours ago
- Mint
Commercial Real Estate Distress Is Spreading: Credit Weekly
(Bloomberg) -- The pain in US commercial real estate credit continues to bubble to the surface after a surge in borrowing costs and the rise of work from home left lenders vulnerable to losses. Delinquencies continue to increase, though the rate has moderated, researcher Green Street said this past week. Distress is also climbing, rising 23% to more than $116 billion at the end of March from a year earlier, data compiled by MSCI Real Capital Analytics show. That's the highest in more than a decade. Investors including Victor Khosla of Strategic Value Partners LLC have warned that debt maturities will lead to a 'tsunami' of problems for US offices in particular. There are signs that's spreading. The past-due and nonaccrual rate for commercial real estate portfolios reached the highest since 2014 earlier this year, the Federal Deposit Insurance Corp. wrote in a report last month, citing multifamily as an increasing source of pain. Past-due and nonaccrual loans are so far past due that banks have stopped booking interest owed because they doubt they'll ever receive it. Policy uncertainty, meanwhile, is also holding back activity in the underlying market as businesses delay decisions across districts, the Federal Reserve noted in its May Beige Book survey. For example, some of the reserve banks stated that demand for warehouses was affected by the potential impact of tariffs. Click here to listen to a podcast on the dangers facing private debt funds when the cycle turns The proposed Section 899 'revenge tax' in President Donald Trump's tax-and-spending bill could also 'trigger wider foreign investor pullbacks, impacting all US real estate lenders,' said Harsh Hemnani, a senior analyst at Green Street. German commercial property lender Deutsche Pfandbriefbank AG announced this past week that it's quitting the US market and will wind down, securitize or sell its €4.1 billion ($4.7 billion) portfolio there, warning it could make a loss this year due to the expected cost of the decision. Still, 'the timing of the exit likely indicates a belief that current market conditions offer a favorable window for divestment' amid improved liquidity and competition in the debt market, Hemnani said. That's in part because direct lenders have been raising more capital to invest in CRE, a trend that's causing some wariness. On Thursday, the Financial Stability Board cautioned that shadow lending to the industry globally 'may amplify and transmit shocks to banks.' Some traditional lenders continue to kick the can down the road in the US rather than take impairments. The wall of CRE debt continues to rise, in part because some credit providers have extended the duration of loans, the Mortgage Bankers Association said on Tuesday. Another headwind for traditional lenders is large unrealized losses on securities portfolios that they're holding to maturity or seeking to offload, with the FDIC saying last month that the losses stand at more than $410 billion. CRE is likely to be a similar source of pain. Loss rates on commercial and residential mortgage-backed securities suggest the unrealized losses on banks' mortgage books are likely to be as large or larger than in securities, academics including Lawrence White of New York University's Stern School of Business wrote last week. --With assistance from John Gittelsohn and Patrick Clark. More stories like this are available on


Time of India
16 hours ago
- Time of India
Who is Florian Wirtz? New $156 million Liverpool signing called best midfielder in the world
Who is Florian Wirtz? New $156 million Liverpool signing called best midfielder in the world (Image via Getty) Florian Wirtz is now one of the biggest names in football news. Fans want to know who he is and why Liverpool paid so much for the young German prodigy who only just joined the club. Florian Wirtz, only 22 years old, ranks among Europe's finest. He is now prepared to take on a fresh Premier League challenge. Florian Wirtz signs for Liverpool from Bayer Leverkusen in record deal On Friday, June 20, 2025, Liverpool announced that they had contracted 22-year-old Bayer Leverkusen player Florian Wirtz. The transfer is valued between $156 million and about £116 million. Florian Wirtz then becomes the most expensive football player a British team has ever signed. Among prominent news outlets covering the agreement were The Athletic and CNN. — lfc (@lfc) Florian Wirtz told Liverpool's website, 'I'm very excited to start something new. I wanted to try something outside the Bundesliga.' He said he's ready to give his best and enjoy playing in the Premier League. Florian Wirtz has so far worked entirely in Germany. At seventeen, he made his Bayer Leverkusen debut. Setting Bundesliga marks, he was the youngest marksman in 2020. Though he set him back three years ago with a serious knee injury, he recovered better. In the 2023–24 season, he supported Leverkusen in their capture of the German Cup and the German league. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDsกับโบรกเกอร์ที่เชื่อถือได้| เปิดบัญชีวันนี้ IC Markets สมัคร Undo Last year he scored 16 more goals in 45 games and had 15 assists, with 18 goals and 20 assists. Florian Wirtz praised by legends and ready for big role at Liverpool Many big names in football have praised Florian Wirtz. Former Germany and Barcelona coach Hansi Flick said he is 'the full package.' Ex-Germany boss Joachim Low said Florian Wirtz always keeps his head up and knows how to make the final pass. Former Leverkusen striker Patrick Helmes even said Wirtz is 'probably the best midfielder in the world .' Also Read: Premier League: Champions Liverpool to face Bournemouth in season opener; Man Utd host Arsenal on opening week Although Florian Wirtz was out for the 2022 World Cup, he participated in all five Euro 2024 matches for Germany. Playing with good Liverpool players including Alexis Mac Allister, Dominik Szoboszlai, and Mohamed Salah . He also reaches out to Jeremie Frimpong, his former Leverkusen teammate, who signed with Liverpool last month. With Florian Wirtz's arrival, new Liverpool manager Arne Slot acquired even more midfield ability as the team prepared for another big season. Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here