BMW Group furthers its Indian initiative

Appoints Peter Kronschnabl as Country Head

New Delhi: Premium German automobile company, BMW Group has appointed Mr. Peter
Kronschnabl, as the Country Head and President for its highly anticipated
Indian subsidiary. The company has already earmarked an investment of Rs 1.1
Billion into the Indian luxury car market, and is expected to complete its
plant in Chennai by end 2006.

Speaking to the press, Mr. Peter Kronschnabl, Country Head and President of BMW
India Private Limited, said, "We at BMW Group, have always longed to be a part
of the Indian luxury car market. As a fast growing economy, India is opening
itself to global brands and this for us is an opportunity to enter the
competition in this market. The production and sales subsidiary will be owned
100% by BMW Group and we plan to commence full business operations by the
beginning of 2007, as scheduled."

The company initially intends to employ around 200 people in India, with most
of them working at the plant in Chennai. Up to 600 additional jobs will be
created in the dealer and service network. From 2007, there are going to be
initially six newly appointed BMW dealers in Delhi, Mumbai, Chandigarh and
Bangalore.

The Chennai plant will produce the BMW 3 Series and 5 Series saloons. Both
models are going to be available with efficient gasoline and diesel engines for
the dynamic BMW driving pleasure.
The assembly plant in India joins BMW Group's production network of world-wide
23 production locations in 13 countries. BMW India Private Limited, to be
located in Delhi / Gurgaon, is one of 35 national BMW Group sales companies.

About BMW Group: With its three brands BMW, MINI and Rolls-Royce, the BMW Group
is the only automobile manufacturer worldwide to operate with all brands
exclusively in the premium segments of the automotive market, from the small
car segment to top-of-the-range luxury limousines. Along with its automotive
business, the BMW Group's activities comprise the development, production and
marketing of motorcycles, as well as comprehensive financial services for
private and business customers. In fiscal 2005, the company delivered a total
of 1.327.992 automobiles and 92,266 motorcycles. Revenues amounted to 46.656
million euros; net profit reached 2.239 million euros. The company has a
workforce of about106,000 employees all over the world.

The company's current product portfolio comprises of ten model lines:
• BMW 1 Series, BMW 3 Series, BMW 5 Series, BMW 6 Series, BMW 7 Series, BMW X3,
BMW X5, BMW Z4.
• MINI (One, Cooper, Cooper S, Convertible).
• Rolls-Royce Phantom.

If you have any questions, please contact:
Corporate Communications

Linus Schmekel, Business and Finance Communications
Telephone: +49 89 382 30474, fax +49 89 382-24418
Mobile: +49 160 93902189
Email: linus.schmekel@bmw.de

Risha Dhingra, Perfect Relations
Telephone: 011 2437 9862 - 69; Mobile 9810023269
Email: rdhingra@perfectrelations.com

Information about BMW Group is available at:

www.press.bmwgroup.com
www.bmwgroup.com