BMW, which has been hit by a number of scandals over its diesel engines, is exploring the possibility of selling its flagship M5 car in India.
In a tweet on Tuesday, the BMW Group said the automaker has been “discussing the potential sale of our flagship M-series sedan in India, based on the company’s strategy and the needs of our customers.”
The automaker was recently embroiled in a scandal over a scandal involving cheating at its diesel engine test facilities.
It has said it will not pay the penalties levied by the Indian authorities, despite a Supreme Court ruling that said it must pay them.
BMW had said it was considering the sale of the M5 but had not confirmed the price.BMW India, which was established in 2007, said the M4 was the flagship of the Group and that it would continue to be manufactured in the country.
The automakers’ share price has fallen from $26 per share on Monday to $17.11 on Tuesday.