India: Hero Group in negotiations with BMW

摘要

BMW is negotiating with the Hero Group, a joint venture partner of Honda, to source components from India, online finance resource IRIS has reported, citing a Hero employee. According to Pankaj Munjal of the Hero Group, the company is in engineering outsourcing discussions with BMW. The company expects to start in a small way with an initial order for disc brakes and gears, but intends to move up the value-added chain over a period of time, Munjal claims. BMW already sources seats, seat trims, electronics and door panels from India, the news agency noted. The company intends to increase its purchases of Indian-made components and has been recently evaluating local suppliers. It has also set up a purchasing office in India to manage sourcing for its global operations.