BMW Says It’s Under India Inspection After Report
Bayerische Motoren Werke AG (BMW) said it’s cooperating with Indian authorities after a newspaper reported the German company is being investigated for possibly owing $120 million in taxes.
“An inspection is in process by the authorities at the BMW plant in Chennai,” Abhay Dange, a BMW India spokesman, said in a text message. “We are cooperating with the authorities in the inspection process.”
Indian authorities are examining whether BMW owes additional taxes for auto-parts imports stretching back to 2011, the Wall Street Journal reported, citing a person familiar with the matter it didn’t identify. Inspectors have seized a shipment of engines and transmission equipment as part of the probe, according to the report.
Dange declined to comment on details of the investigation.
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