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BMW Group India will soon hike prices of vehicles across its portfolio, the fourth increase during this calendar year, as high commodity costs and rupee depreciation continue to pressure margins, the German luxury car maker's President and CEO Hardeep Singh Brar said on Friday. The auto maker has cumulatively hiked prices by up to 5 per cent for the BMW and MINI vehicle portfolios spread across three price revisions in 2026 till now in India. Speaking to reporters, the BMW Group India President and CEO said, "The forex has hit us quite a bit. We have increased prices by 4-5 per cent till now and there's another one around the corner. So the prices will continue to go up for us because of the pressure of forex, of commodities, etc. "We have already done three (price) increases this year and there's another one around the corner. We are considering it (the next price hike) may be, next month. Since last year January it (forex) has deteriorated about 18 pc." He was speaking after the
German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios with effect from July 1. The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement. "To protect our premium standards against macroeconomic headwinds -- specifically rupee depreciation and escalating logistics costs -- we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1," said Hardeep Singh Brar, President and CEO, BMW Group India. BMW India's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models. Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU).
German luxury carmaker BMW is looking to double sales of its premium brand MINI in India this year on the back of wider product portfolio, localisation and retail expansion, BMW Group India President and CEO, Hardeep Singh Brar said on Monday. MINI, which clocked 730 units in 2025 at a growth of 3 per cent over the previous year, sold 213 units in the January-March quarter of 2026, a growth of 42 per cent and is planning to launch locally produced MINI Countryman model in the middle of this year. "This year, the plan is to double the volumes...this will be the best ever year for MINI, if we are able to do that," Brar told PTI. On how the group planned to achieve its goal of doubling MINI sales, he said a three-pronged strategy of wider product portfolio, localisation and retail expansion, has been adopted. On the product side, he said a line up of "one new product and nine special editions overall" has been planned. The locally produced MINI Countryman is planned to be launched in
BMW Group India posted its highest-ever Q1 car sales with 17 per cent growth selling 4,567 cars during the quarter, driven by strong demand for luxury electric vehicles, long wheelbase models and sports activity vehicles, the German luxury car-maker said on Wednesday. The electric lead continued in Q1 with 1,185 BMW and MINI EVs sold, achieving 83 per cent growth year-on-year. Every fourth car BMW Group India sells today is an EV. The company commands the largest market share of over 70 per cent in luxury electric segment in India. The EV penetration to total sales stood at 26 per cent in Q1. BMW Group has the widest EV portfolio in the luxury segment, including six electric cars and two electric scooters: BMW i7, BMW iX, BMW i5, BMW iX1 Long Wheelbase, MINI Countryman E, MINI Countryman SE ALL4, BMW CE 04 and BMW CE 02. In Q1, long wheelbase models accounted for over 50 per cent of sales with growth of over 23 per cent year-on-year and sales of 2,256 units. Meanwhile, sports activ
Reduction in customs duty on imported cars under the India-EU free trade agreement could enable the growth of the luxury car segment in India, which currently remains minuscule, BMW Group India President and CEO Hardeep Singh Brar said on Monday. The domestic luxury car segment accounts for just 1 per cent of the overall passenger vehicle segment. The India-EU Free Trade Agreement would be a historic milestone benefiting both sides by expanding trade and enabling deeper exchange of technology and innovation, Brar said in a statement. "From an automotive industry perspective, we hope the FTA will include balanced, win-win provisions that help stimulate demand in the luxury segment while strengthening supply chain integration which is especially important in the current geopolitical context," he added. If customs duties on completely built units are reduced, it would help expand the luxury car market in India, Brar stated. "While CBUs (completely built units) currently account for a
German luxury car maker BMW on Thursday pitched for retaining the current 5 per cent GST (Goods and Services Tax) on EVs, saying any further hike may be detrimental for the industry. Its electric car sales surged over 200 per cent in 2025, even as the overall car sales from its two brands -- BMW and MINI -- grew 14.4 per cent year-on-year to 18,001 units. The group said it also plans to launch 10 models, including six new ones and four with major changes this year. "I think the government has done a fantastic job in terms of managing the overall economy and making sure that we don't drop below the 7 per cent mark, which is very crucial for the country. "I don't think we have more expectations from them (the government). The only request, I think, would be not to touch the GST slab of EVs because it keeps coming back that the GST on these vehicles will be increased. (If it happens) I think it will be very detrimental," Hardeep Singh Brar, President and CEO at BMW Group India, told P
German luxury car maker BMW Group posted more than 14 per cent year-on-year growth in car sales in India at 18,001 units during 2025, including 730 units of MINI brand, driven by new product launches and ease of financing, the company said on Thursday. The company said its electric car sales spiked 200 per cent as it delivered 3,753 units of BMW and MINI brand EVs during the previous year, commanding the largest market share in luxury electric segment in the domestic market. The company had sold a total of 15,723 cars -- ?15,014 units of BMW and 709 units of MINI brand of cars -- ?in the year ended December 2024. BMW Group India comprises BMW, MINI brand of cars and Motorrad brand of motorcycles. At the group level, the company sold 23,842 vehicles -- ?17,271 units of BMW, 730 units and MINI brand of cars and 5,841 motorcycles in 2025 -- it said. "2025 has been a record-breaking year for BMW Group India with highest-ever sales till date. We crossed the 18,000 units mark in car sal
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
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