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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
The ceasefire in West Asia is expected to help lift market sentiments in India, making luxury car customers who held back purchases to come back to showrooms to take deliveries, according to top officials of Mercedes-Benz, BMW Group and Audi in the country. Having resorted to stocking up of parts and kits, the luxury carmakers hope that the pressure on supply chain will be eased while looking forward to a return to normalcy at the earliest. "The ceasefire has come at the right time, and it is very important from a luxury buyer viewpoint because lot of our customers are dependent on how things are panning out in international market," BMW Group India President and CEO Hardeep Singh Brar told PTI. It is very important that this issue is put to rest, he said, adding,"If this issue is over, we expect a lot of customers who held back their purchases in quarter one to come back and go for higher purchases." Expressing similar views, Mercedes-Benz India Managing Director & CEO Santosh ...
Mercedes-Benz India on Friday said it will hike vehicle prices by up to 2 per cent from January in order to offset the impact of weakening rupee value against the Euro. The price correction, capped at 2 per cent, reflects sustained forex pressures that have characterised the luxury automotive landscape throughout 2025, the luxury car market leader said in a statement. "Currency headwinds have persisted longer than we anticipated this year, with the Euro consistently trading over the Rs 100 mark. This prolonged volatility affects every aspect of our operations, from imported components for local production to completely built units," Mercedes-Benz India MD and CEO Santosh Iyer said. The currency environment has created substantial cost pressures across the supply chain, affecting both imported components for local assembly, as well as import of CBU (completely built vehicles), the Pune-based automaker said. Despite the company's aggressive localisation strategy, which continues to .
German luxury carmaker BMW is looking to hike vehicle prices from next month as it aims to offset the impact of the weakened rupee against the euro, company's President and CEO Hardeep Singh Brar said on Thursday. The company had earlier announced to increase prices by up to 3 per cent from September 1 this year, citing the adverse impact of continued forex fluctuation and global supply chain dynamics. BMW currently sells a range of luxury cars and SUVs, including electric vehicles, starting with the 2 Series Gran Coupe priced at Rs 45.3 lakh and the XM tagged at Rs 2.54 crore, in the Indian market. "Forex fluctuation is a big dampener. We were looking at somewhere about 93 to 95 (rupee against euro) this year, but it is actually around 103 to 105, so it's about 10 per cent deterioration versus our expectation. So that puts a lot of pressure on pricing and profitability," Brar told PTI. He noted that the company was not considering raising prices with the new GST rates coming into
The Jain community has put up an impressive show of its formidable buying power by driving home 186 high-end cars after securing discounts of Rs 21 crore. This "one-of-its-kind deal" with luxury automobile brands like BMW, Audi and Mercedes was pulled off by the Jain International Trade Organisation (JITO), its vice president Himanshu Shah told PTI on Saturday. JITO is a not-for-profit community body with 65,000 members from across India, he said. These 186 luxury cars, each priced between Rs 60 lakh and Rs 1.3 crore, were handed over to their owners across India between January and June this year. JITO's nationwide drive helped our members save Rs 21 crore in the form of discounts, said Shah. He said the organisation was just a facilitator and did not profit from this deal. The majority of the cars were bought by Gujarat-based Jains, Shah added. It all started when some JITO members suggested leveraging the community's strong buying power to secure heavy discounts from carmakers