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    Mumbai cops bust fake documents racket; four arrested
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    August 12, 2026
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    Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
    Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
    August 12, 2026
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    Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
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    August 12, 2026
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    Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
    Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
    August 12, 2026
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    Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
    Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
    August 12, 2026
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    Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
    Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
    August 12, 2026
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    Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
    Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
    August 12, 2026
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    Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
    Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
    August 12, 2026
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    Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
    Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
    August 12, 2026
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    Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
    Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
    August 12, 2026
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    Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
    CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
    August 12, 2026
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    Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
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    AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
    AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
    August 11, 2026
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    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
    Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
    August 11, 2026
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    Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
    Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
    August 11, 2026
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    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
    Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
    August 11, 2026
    Show AI Summary
    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
    Show AI Summary
    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    August 11, 2026
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    Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
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    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
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    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.

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      The ‘Made in India’ first-ever BMW X1 Long Wheelbase All Electric debuts in India.

      January 17, 2025

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      Mr. Vikram Pawah, President and CEO, BMW Group India with the First-Ever BMW X1 Long Wheelbase All Electric.

      New Delhi, 17th Jaunary, 2025: • Long-Wheelbase: Biggest car in its segment with the most spacious second seat row.

      • Versatile SUV with dominant design and class-leading technology.

      • First-ever electric BMW to be locally produced in India.

      • Hallmark BMW performance, with a range of up to 531 kms.

      • Introducing Smart eRouting and Charging Concierge for customers to conveniently plan EV journeys.

      BMW India launched the first-ever BMW X1 Long Wheelbase All Electric at the Auto Expo 2025. The car can be booked at BMW dealerships across India from today onwards.

      The BMW X1 Long Wheelbase All Electric becomes the first electric vehicle by BMW to be ‘Made in India’. Locally produced at BMW Group Plant Chennai, the BMW X1 Long Wheelbase All Electric is available exclusively in the eDrive20L drivetrain.

      Mr. Vikram Pawah, President and CEO, BMW Group India said, “Today, BMW has pioneered a disruption in the Indian premium automotive segment by launching the first-ever X1 Long Wheelbase All Electric. It’s Big, it’s an SUV, it’s an EV and it’s a BMW! The X1 Long Wheelbase is here to dominate every day, your way. A premium offering that offers practicality and sustainability, all in one package, making it the obvious choice as your first BMW. Exuding space, comfort and versatility, it is the perfect premium SUV for rising aspirations of new Bharat. As the first ‘Made in India’ EV from BMW, the X1 Long Wheelbase beckons a new era of innovation and excellence.

      Mr. Pawah further added, “The first-ever X1 Long Wheelbase is ideal for individuals with modern lifestyle who stay ahead of the curve and do not compromise. BMW India is set to exceed your experience by offering a comprehensive solution complimented by smart financial plans, a widespread EV ecosystem with new services like Destination Charging, Smart eRouting, Charging Concierge and much more. With so much substance packed into it, the X1 Long Wheelbase is ‘The One’ aspirational SUV.” The introductory ex-showroom price of the first-ever BMW X1 Long Wheelbase All Electric eDrive20L M Sport is INR 49,00,000.

      Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but exclude Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price / options are subject to change without prior notice. For further information, contact an authorised BMW dealer.

      The first-ever BMW X1 Long Wheelbase All Electric is available in Mineral White, Carbon Black, Portimao Blue, Sparkling Copper Grey & Skyscraper Grey metallic paintworks. All Paint options are available with the vegan upholstery Veganza Perforated in Mocha.

      Thanks to BMW India Financial Services, customers can experience unparalleled convenience and savings with BMW SMART Finance. Under the plan, customers can avail an affordable monthly installment with flexible payment solutions, that are designed to suit individual requirements. Discover the joy of owning the BMW X1 Long Wheelbase All Electric through BMW Financial Services at just INR 38,422* per month with an assured buyback at the end of tenure to ensure complete peace of mind for the customer.

      *The tenure considered is 4 years with 8,000 km per year mileage.

      A complimentary 5-year BMW Roadside Assistance is available round the clock and ensures that customers are well taken care of in emergencies. Features like portable High Voltage Battery Chargers and Puncture Repair Kit are also available for owners of BMW X1 Long Wheelbase All Electric as part of Road Side Assistance. With the industry-first Charging Concierge, customers can access on-call assistance in seamlessly planning longer journeys through route recommendation based on active chargers. The Charging Concierge allows them to activate these chargers by prepaying for the usage using a unified payment gateway, without the hassle of downloading multiple apps.

      The car comes with standard two-year warranty for unlimited kilometers. Extended warranty benefits are available from third year of operation to maximum sixth year without any mileage limitation. The warranty can further be extended to 10 yrs / 200,000 kms. The high-voltage battery in BMW X1 Long Wheelbase All Electric is covered by a warranty valid for eight years or up to 160,000 kms.

      Service Inclusive and Service Inclusive Plus further reduce cost of ownership and offer great peace of mind. Customers can choose from a variety of service plans according to duration and mileage. The packages cover Condition Based Service (CBS) and maintenance work with plans Starting from 4 yrs / 200,000 kms, package extension available up to 10 yrs / 2,00,000 kms.

      The First-Ever BMW X1 Long Wheelbase All Electric With its significantly sharper design and increased interior space, the first-ever BMW X1 Long Wheelbase All Electric represents an immediately recognisable leap forward. The surface treatment, lines and classy exterior design details signal the SUV identity of the BMW X1 Long Wheelbase All Electric. Length: 4,616 mm and wheelbase: 2,800 mm make the BMW X1 Long Wheelbase All Electric not just the biggest car in its segment, but also one of the longest 5-seater SUVs offered in India. With its increased dimensions, the BMW X1 Long Wheelbase All Electric has a decidedly powerful and confident appearance. The modern design and bold, dominant stance highlight the SUV character. The upright front is striking thanks to a signature BMW kidney grille and segment leading Adaptive LED headlights that extend well into the sides. The Fully Adaptive LED Headlights offer fantastic throw for night-time driving as well as cornering function to take on winding roads with utmost confidence. The intelligent BMW High Beam Assistant takes care not to blind oncoming traffic during night-time driving. The side sketch is equally dynamic with crisply sculpted surfaces generating an expressive interplay of light and shadow. The long roof line with Aluminium Satinated roof rails, square wheel arch contours, and 18-inch M light alloy wheels enhance the overall look. The rear design exudes power and solidity with a large-surface diffuser and sculpted LED lights.

      In the interior, a large and open feeling of space meets modern design, superior craftsmanship and innovative functionality. The car, with its increased wheelbase, makes for the most spacious rear cabin in the segment. The first-ever BMW X1 Long Wheelbase All Electric brings advances for the interior including extra space for those onboard with enhanced practicality. The Widescreen Curved Display – with its seamless glass surface angled towards the driver – brings a high-class, modern highlight to the cabin. The clean and structured dashboard with ‘Aluminium Mesheffect’ trim comes together beautifully with the Luxury Instrument Panel. Beige headliner creates the perfect two-tone feeling inside the cockpit to elevate aesthetics. M Sport steering wheel and the blue ring finisher logo incite sportiness from the start. The premium feel is enhanced by decorative strips including ambient lighting in the instrument panel and front doors as well as satin finish on door handles. The floating armrest with storage also ergonomically integrates the control cluster. Harman Kardon Sound system with 12 loudspeakers and 205W output delivers a concert like experience.

      The BMW X1 Long Wheelbase All Electric offers a high degree of individual comfort with multi-way electrically adjustable Sport Seats for both driver and front passenger, offering a commanding seating position. The rear cabin offers expansive legroom and utmost seating comfort with perfectly contoured rear seats having extended cushioning and bolstering to make sure occupants feel comfortable during long drives. The rear seats provide perfect seating position to take on the road, with reclining function up to a maximum angle of 28.5 degrees offering superior ergonomics and comfort. Covering an area of 9 square feet, the first-ever BMW X1 Long Wheelbase All Electric features the largest Panorama sunroof in the segment, which fills up the cabin with a sense of space and natural light flow.

      Fifth generation BMW eDrive technology features a highly integrated drive unit within a single housing. It is powered by an electric motor on front axle, with single-speed transmission. It produces an output of 204 hp and a maximum torque of 250 Nm. Instant acceleration coupled with great driving dynamics gives a sense of Sheer Driving Pleasure in a BMW. Flooring the throttle pedal will result in a thrilling sensation of being teleported off the starting line as the driver is pushed back into the seat. The compact high-voltage lithium-ion battery integrated in the floor has a gross capacity of 66.4 kWh providing an attractive MIDC driving range of 531 kms. The adaptive recuperation and one-pedal driving enhance the driving convenience and recover kinetic energy and feed it into the high-voltage battery, resulting in even higher efficiency.

      The car is capable of fast and hassle-free charging. Charging time is: • 130 kW DC Charger: 10%-80% in 29 min (120 kms added range in 10 min) • 11 kW AC Charger: 0%-100% in about 6 hr 30 min The BMW X1 Long Wheelbase All Electric comes with a complimentary BMW Wallbox charger with installation which enables safe and convenient charging up to 11kW. BMW Group India has one of the best charging networks in luxury segment with fast chargers at BMW dealer network in 35 cities. BMW dealer network across India welcomes owners of electric vehicles for fast and convenient charging at nominal rates.

      The first-ever BMW X1 Long Wheelbase All Electric comes with the latest version of BMW iDrive to provide intuitive, easy access through voice and touch control. It is based on the latest BMW Operating System 9, which also paves the way for a customisable selection of additional digital services. The QuickSelect feature allows functions to be activated directly without having to enter a submenu.

      Customers can keep their vehicles up to date through the newly launched BMW OneShop. Multiple upgrades are available for customers such as BMW Digital Premium package. With additional digital features and services such as Enhanced BMW Maps functions like navigation and traffic visualizations and proactive trip suggestions, Welcome light animation, Smart Window Opener and My Modes like Digital Art, Expressive, Relax, the Digital Premium Package elevates customers’ digital ownership experience. Thanks to the BMW Remote Software Upgrades, the vehicle receives functional extensions and improvements via over-the-air updates.

      With the introduction of Smart eRouting, customers will be able to plan their next trip seamlessly and efficiently. The Smart eRouting feature is available in-car and also MyBMW App. Recommended charging stops are optimized based on traffic conditions and the battery’s state of charge, ensuring you get to your destination in the fastest way possible. Users can access more than 5,000 convenient charging points with BMW India’s strategic partnership with some of the largest public charging networks in the country. Customers will be able to rely on fast-charging capabilities with live charger status, set charging partner preferences, filter chargers basis capacity and more.

      MyBMW App functions remotely to keep an eye on the vehicle status at all times. BMW Digital Key Plus with Comfort Access sets a new convenience standard by turning the smartphone or smartwatch into a vehicle key, in addition to the NFC card provided. Working on ultrawideband technology, the user’s smartphone / smartwatch is transformed into a vehicle key which can be used to lock / unlock and even start and drive the car. Customers can share the digital key with up to 4 users. The new Comfort Access 2.0 features a segment first ability of unlocking the vehicle without having to tap the phone / smartwatch on the door handle. A stylish welcome scenario commences with orchestrated lighting effect.

      The driver enjoys effective assistance in parking maneuvers that increase comfort and safety. Standard functions include Parking Assistant via Active Park Distance Control sensors at front and rear, and Rear View Camera. The segment-first Reversing Assistant remembers the last 50 meters covered and automatically reverses the car along exactly the same route.

      BMW Safety technologies include extensive Driver Assistance Systems with Lane Departure Warning, Blind Spot Assistant, Cruise Control with Braking Function, Automatic Emergency Braking, Pedestrian Protection and Attentiveness Assistant. Other standard safety features are eight airbags, Anti-lock Braking System (ABS) with Brake Assist, Dynamic Stability Control (DSC) including Dynamic Traction Control (DTC), Cornering Brake Control (CBC), electric parking brake with auto hold, side-impact protection, electronic vehicle immobilizer and crash sensors, Tubeless Tyres with Tyre Pressure Indicator, ISOFIX child seat mounting, integrated tyre repair kit and acoustic protection for pedestrians.

      BMW Efficient Dynamics includes features such as ECO PRO mode, Brake-Energy Regeneration, Electronic Power Steering, Driving Experience Control switch and My Modes in Driving Experience Control, 50:50 Weight Distribution and many other innovative technologies.

      If you have any queries, please contact: BMW Group India Abhay Dange, Director, Press and Corporate Affairs Cell: +91 9910481013; Tel: + 91 124 4566600; Email: [email protected] Rohneet Naik, Product and Technology Communication, Press and Corporate Affairs Cell: +91 9899965668; Tel: + 91 124 4566 655; Email: [email protected] Internet: www.bmw.in Facebook: https://www.facebook.com/bmwindia Twitter: https://twitter.com/bmwindia YouTube: https://www.youtube.com/user/bmwindia Instagram: https://www.instagram.com/bmwindia_official (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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