Bmw Group

BMW plans to strengthen MINI brand with new models, wider sales expansion

German luxury carmaker BMW is looking to expand the MINI portfolio in India next year in order to cater to rising demand for the range beyond metro cities, according to the company's President and CEO, Hardeep Singh Brar. The company, which now has MINI Cooper, MINI Countryman JCW and MINI Convertible in its portfolio, is looking to expand its sales network in smaller cities and towns as the brand gains acceptance beyond major cities. "We are looking at a couple of more products under the MINI portfolio next year," Brar told PTI in an interaction. The luxury carmaker will be expanding its sales network further next year, adding locations like Jaipur, Lucknow and Ranchi, and all these small towns where the company has no presence currently. "We are present in about nine cities (for MINI). We want to double the number of cities next year, so that it has a presence beyond the metro cities. We are now slowly and gradually getting a lot of demand from the smaller markets as well," Brar

BMW urges faster, clearer rollout of FTA duty cuts for car imports

BMW India CEO says gradual five-year import duty cuts under new FTAs create buyer hesitation and urges government to announce year-wise rates instead

BMW invests ₹803 cr to boost high-end steel product offerings: MD

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

BMW strikes back at Tesla with tech-loaded, longer-range iX3 EV launch

The sport utility vehicle, called the iX3, will be the first of 40 new or updated models that share slick software, high-performance computers and radically different design cues

We see no need for special deal to avoid US tariffs, says BMW executive

BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany, and Britain

BMW India eyes double digit growth, expects sales to keep momentum in 2025

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

BMW India consolidated net profit rises 52% to Rs 311 crore in FY24

Car sales witness 61 % Y-o-Y growth

Luxe automakers on top gear to woo buyers in upscale lounge ambience

They are updating dealership networks to offer customers a more luxurious lounge

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea

At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers

BMW Group India begins Q1 2024 with 51% sales growth to 3,680 units

Luxury Class cars also performed well, with a 152 per cent growth for BMW. Models like the 7 Series, X7, and the new XM played a key role in this achievement

BMW, Tata Technologies to form JV for developing automotive software

The two firms have signed an agreement to form a joint venture (JV) with the aim to establish an automotive software and IT development hub in Pune, Bengaluru, and Chennai

BMW Group India races to new peak in record year for luxury car sales

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

BMW boosts earnings with higher-priced, electric cars; revenue up 3.4%

The German group has maintained a cautiously optimistic tone through the year, and raised its automotive margin outlook in August

Struggling BMW blames supply-chain issues even as luxury car sales flourish

BMW's sales for the quarter (January-March) were down 14 per cent year-on-year as the company sold 2,268 units

Luxury car maker BMW launches two new models including all eclectic BMW i7

The BMW 740i M Sport is locally produced at BMW Group Plant, Chennai while the all-electric BMW i7 xDrive60 is available as a completely built-up unit (CBU)

BMW expects sales momentum to continue next year; lines up 8 new launches

With 2022 turning out to be the best ever year in terms of sales, luxury carmaker BMW India expects volume to remain robust in 2023 as well as it looks to drive in multiple products, including electric sedan i7. The carmaker, which sells products under BMW and Mini brands in the car segment and bikes under BMW Motorrad, is all set to introduce eight products over the next eight weeks in the country. "For us, we believe it (sales momentum) will carry on for sure. We got fantastic products coming next year as well. We are starting with eight big launches with three being super big products, so I am very confident. We will grow in a very strong way in 2023 as well," BMW Group India President Vikram Pawah told PTI in an interaction. He was replying to a query whether the company would be able to maintain sales growth next year as well. Pawah noted that the domestic car market is witnessing a positive phase and is expected to carry forward to 2023 as well. "People are looking at buying

L&T Tech Services wins 5-year deal from BMW Group in infotainment domain

Engineering services firm L&T Technology Services announced on Monday that it has won a five-year, multi-million-dollar deal from European luxury automaker BMW Group to provide high-end engineering services for its suite of infotainment consoles targeted for its family of hybrid vehicles. The LTTS team of engineers will be providing services in the areas of software build and integration, infotainment validation and defect management, the company said in a statement. "The large deal was awarded to LTTS because of its deep domain expertise and engineering leadership in transportation technologies and LTTS' proven ability to offer unique opportunities to scale up existing projects and work on new ones," it said. LTTS said it has an existing near shore centre which provides engineering and R&D services for BMW Group's suite of infotainment consoles and its family of hybrid electric vehicles. The proximity to BMW Group's campus will enable LTTS' engineers to work on a variety of ..

BMW muscles through global chip shortage with jump in profit

Group earnings before tax surged 50 per cent to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said

BMW drives in new MINI Countryman in India priced at Rs 39.5 lakh

Locally produced at the company's Chennai plant, the new MINI Countryman is available in two petrol variants