Punjab Chief Minister Bhagwant Mann pledged full support to Modern Automotives as the company plans to expand its operations in the state to manufacture parts for luxury car manufacturer BMW. During a meeting with a delegation from Modern Automotives Ltd, including representatives Aditya Goyal, Suhail Goyal, and Manish Bagga,
Mann was informed that the company has become the first Indian firm to receive approval for the delivery of differential pinion shafts to BMW AG in Munich. The confirmed order consists of 2.5 million units valued at ₹150 crore.
Mann accepted the delegation’s invitation to lay the foundation stone for the new plant in Mandi Gobindgarh next month. He expressed pride in the fact that BMW parts will now be produced in Punjab, which he believes will enhance the state’s industrial growth and elevate its profile on the global stage.
The Chief Minister emphasized that Punjab offers a business-friendly environment, supported by a streamlined single-window system for investors. He noted that the state is increasingly becoming an attractive destination for leading companies worldwide.
Mann highlighted that Punjab enjoys communal harmony and industrial peace, which contribute to a favorable atmosphere for growth and development, ultimately driving the state’s prosperity. Modern Automotives is a leading manufacturer of high-precision automotive components in India, serving a wide range of industries, including automobile, commercial vehicles, and heavy machinery.
The company specializes in producing a diverse array of components such as axles, gears, and transmission parts, utilizing advanced manufacturing technologies and stringent quality control processes.
Known for its innovation and commitment to excellence, Modern Automotives has built strong partnerships with major original equipment manufacturers (OEMs) and Tier-1 suppliers. With a focus on efficiency, sustainability, and customer satisfaction, the company continues to play a significant role in the Indian automotive industry, contributing to both domestic and international markets.
