BMW India

While India's CAFE formula resembles the European Union, it lacks any adjustments for protecting small cars

Luxury carmaker BMW expects its electric vehicle sales to surge over the next few years, accounting for around 30 per cent of the overall sales before 2030, driven by new products and enhanced adoption of green vehicles in the country, according to company's President and CEO Hardeep Singh Brar. The German luxury carmaker's electric vehicle portfolio in India currently accounts for around 21 per cent of the overall sales. In an interaction with PTI, Brar said the company would like to have electric models in every vehicle segment it operates in the country. "We have done well in the electric segment, and we would like to build on that further. We are today, 21 per cent and I think at this rate, we may do 30 per cent even before 2030, which is mandated by the government," he noted. Between January and September, BMW Group India retailed 2,509 electric BMWs and MINIs, a growth of 246 per cent year-on-year. The share of EVs in total sales increased to 21 per cent with iX1 becoming th

Jain Resource stock ended at ₹318, up 37.2 per cent over its issue price. At the last close, the company was valued at nearly ₹11,000 crore

The panel recommended raising the GST rate to 18per cent from 5per cent currently for EVs priced between 2 million and 4 million rupees ($23,000-$46,000)

Steel maker BMW Industries is setting up a 0.5 million tonne cold rolling unit in Jharkhand at an investment of Rs 803 crore to increase high-end steel products offerings, the company's MD Harsh Bansal said. The investment is being made as part of the government's PLI Scheme for Speciality Steel, the company official told PTI in an interaction. Launched at an outlay of Rs 6,322 crore in 2021 by the steel ministry, the first round of the PLI Scheme aims to promote the manufacturing of value-added steel grades in the country and help the Indian steel industry mature in terms of technology and move up the value chain. The complex is being set up at Bokaro. It will produce colour-coated materials and advanced alloy/non-alloy coated products, which find applications in industries like infrastructure, construction, automobile, renewables and defence, Bansal said. The company aims to start the production of colour-coated production from the third quarter of the ongoing 2025-26 financial

German premium car maker BMW group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago, The Group had sold 7,081 units of BMW and Mini brands of cars in India in the first of CY 2024. Besides, the company also retailed 2,569 Motorrad brand of motorcycles during the period under review. The company also said it continued its leadership position in the luxury electric vehicle sales in India with a massive 234 per cent year-on-year growth in volumes at 1,322 units of BMW and MINI EVs sold during the first half of the current calendar year. The company sold 7,774 BMW and MINI cars and 2,569 motorcycles during the January-June period of 2025. Of this, BMW sold 7,477 units and MINI 297 units, it said in a statement. "We are on a fast track, posting over 10 per cent growth despite a challenging environment as we continue to unfold new opportunities in the luxury segment," said Vikram Pawah, Presi

Luxury automotive group BMW is offering a price protection assurance program to Indian customers looking to buy MINI 3-Door Cooper S model produced at its Oxford plant in the UK, amid anticipated duty cuts in the wake of India-UK FTA pact, a top company official said on Friday. BMW Group India will pass on the benefits of any price reduction in the near future on MINI 3-Door Cooper S model under a limited period offer covering cars bought from now onwards till the next 180 days, its President and CEO Vikram Pawah told PTI. He said while the government has announced that the negotiations of the India-UK FTA pact are final, the details are awaited, which has created uncertainty in the minds of customers looking to buy the MINI 3-Door Cooper S model, which is powered by a petrol engine. "We have been getting calls from customers as to what the impact is, because MINI 3-Door Cooper S is coming from the UK, what will happen, whether they should buy now or not," he said. In order to ...

BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands -- BMW and MINI -- has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview. "I think the market should grow. Anytime there's more competition, we've seen that the market grows," he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India. When asked about competition from the American electric car maker, Pawah said,"In all the markets in the world, we coexist. We all coexist and you can see last year figures worldwide, we were the ones who were growing. We grew in electric sales worldwide." Not many manufacturers can talk about growth in electric

The company sold 3,914 cars in the January-March period, recording about 7 per cent year-on-year (Y-o-Y) growth. In 2024, the company's car sales increased by 11 per cent Y-o-Y to 15,721 units

German luxury carmaker BMW is looking at double- digit sales growth this year having already reported record deliveries in 2024, its India Group President and CEO Vikram Pawah said on Saturday. The company is also expecting its electric vehicle sales portfolio to go up this year. In 2024, BMW Group India posted its best-ever annual car sales at 15,721 units, an 11 per cent growth over the previous year. The BMW brand registered 15,012 units while the MINI brand clocked 709 units in 2024. The group's motorcycle brand, BMW Motorrad sold 8,301 units last year. Asked if the company is looking at a similar growth as last year, Pawah said,"Thinking anything less than a double- digit growth will be understatement for India as a country itself. So absolutely, yes." He noted that all segments -- entry, mid and luxury -- were witnessing growth at a very solid pace for the company in the Indian market. "So I expect the same in 2025 because, you know, we've always said that we have a very ro

India's luxury car market sees rapid growth, with over 50,000 units expected to be sold in 2025, supported by rising wealth, new model launches, and a thriving affluent class

Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year. The new prices will be effective from January 1, 2025 onwards, the German automaker said in a statement. The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i. BMW also sells models like i4, i5, i7, i7 M70, iX1, BMW iX, Z4 M40i, M2 Coupe among others as Completely Built-up Units (CBU). Last week, Mercedes-Benz had announced to hike the prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will get costlier by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine.

BMW Group India has achieved its best-ever year-to-date car sales, with a 10 per cent growth in the first nine months of calendar year 2024

Punjab Chief Minister Bhagwant Mann on Thursday assured full support to Modern Automotives for its plans to expand its project in the state and manufacture parts for luxury car maker BMW. A delegation of the Modern Automotives Ltd comprising its representatives -- Aditya Goyal, Suhail Goyal and Manish Bagga called on the Chief Minister here. During the meeting, Mann was informed that Modern Automotive has become the first Indian company to receive approval for deliveries of differential pinion shafts to German luxury vehicles manufacturer BMW AG Munich, according to an official statement. They said that an order has been confirmed for 2.50 million units valued at Rs 150 crore, the statement said. Assuring fulsome support to the company for their future endeavours, Mann accepted the invitation of the delegation to lay the foundation stone of the upcoming plant next month at Mandi Gobindgarh. He said it is a matter of immense pride and satisfaction that the parts for BMW will now be

The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT

Govt should rationalise duty structure if it wants faster adoption of new technologies: India head Pawah

German automotive group BMW on Thursday reported record sales of its luxury cars and motorcycles in India at 22,940 units in 2023. The automaker sold a total of 14,172 units across BMW and MINI brands last year. It also retailed 8,768 units of motorcycle (BMW Motorrad) in 2023. The company's sales rose by 19 per cent last year as compared to 19,263 units in 2022. "2023 has been a record-breaking milestone year for BMW Group India. All three brands 'BMW, MINI and BMW Motorrad' have delivered their highest-ever sales," BMW Group India President Vikram Pawah told reporters here. He noted that the company has successfully retained its leadership in the electric luxury car segment for the second consecutive year. "We continue to set the pace in the Indian electric luxury vehicle market with the most diverse and innovative product range, designed to cater to diverse customer needs," Pahwa said. The BMW iX is the highest-selling luxury electric vehicle in India, he stated. On the sales

The GST authorities had issued a show cause notice to Kanematsu India, demanding over Rs 2.6 crore on reimbursement of expat employees salaries made by the company to the Japanese parent

German luxury carmaker BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs. BMW India's decision to implement a price increase across model range is a response to a confluence of factors, BMW Group India President Vikram Pawah said in a statement. "In the face of evolving dynamics, fluctuations in exchange rates, and rising input costs, this price adjustment will sustain the crucial balance that allows us to consistently deliver the high standards and power-packed experience our customers associate with BMW vehicles," he added. BMW India sells a range of luxury vehicles, starting from the BMW 220i M Sport to the BMW XM, priced between Rs 43.5 lakh and Rs 2.6 crore. The company joins the likes of other passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, .

However, salaries directly paid by Indian companies to expat employees without reimbursement won't attract GST, as expats are then perceived as employees of the Indian company alone