German Car-maker BMW Plans To Increase Production By 27 Percent
German car maker BMW AG reportedly is planning to increase its yearly production capacity by around 27 percent in a bid to reach 3 million vehicle production capacity by the year 2020. The car maker also plans to build X5 roadster in China according to company sources.
The BMW group that also includes the Rolls-Royce and the Mini brands, built around 2.37 million vehicles in the year 2016. In its plan to manufacture cars in China, the carmaker is looking to double the production capacity in the region to about 600,000 vehicles.
It seems that BMW has planned the figures for around the world to reach the targeted growth figure in due time. For the North American region and Mexico, the company will increase the vehicle production capacity from 410,000 to around 750,000 vehicles. This move is being taken as BMW’s bid to overtake the Daimler-owned Mercedes-Benz which is seen as one of the closest rivals of the German automaker. The target set will allow BMW to reclaim its title for the top spot in the sales volume for the premium carmakers.
The company’s aggressive growth plans tell a tale about how it will work on achieving the number 1 spot in the premium carmakers segment and was discussed during BMW’s annual shareholder meeting.