India's luxury auto scene is shifting into high gear, with superbikes, EVs, and reimagined icons set to redefine performance and design. The season ahead promises pure velocity wrapped in luxury
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
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
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 ...
Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars have all announced price hikes April 2025 onwards
Car sales witness 61 % Y-o-Y growth
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
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
Around 59 per cent of BMW buyers (in the luxury class) are aged between 31 and 45 years, and 35 per cent of its buyers are existing customers
BMW's M2 variant is equipped with an automatic transmission and comes with a 3.0-liter inline 6-cylinder petrol engine
Indian market is probably at its take-off point, says Vikram Pawah
BMW India and BMW India Financial Services are 100 per cent subsidiaries of the BMW Group and are headquartered in Gurgaon (National Capital Region), the BMW Group said
The BMW X4, which picks up where the X3 left off, offers sportive handling, punchy acceleration as well as top-quality interiors
BMW Group India on Wednesday reported 64.2 per cent growth in its car sales at 5,570 units in the January-June period of 2022. The BMW brand posted sales of 5,191 units during the period, a growth of 65.4 per cent while the MINI clocked 379 units, an increase of 50 per cent over the comparable period last year, the group said in a statement. The group's luxury motorcycle brand BMW Motorrad registered sales of 3,114 units at a growth of 56.7 per cent in the first half of 2022, it added. "Against all odds, BMW Group is taking rapid and consistent strides in India. Despite the turbulences caused by various factors in the domestic and international market, we have achieved the best-ever half-yearly sales performance for BMW, MINI and BMW Motorrad," BMW Group India President Vikram Pawah said. He further said, "This success underpins the enormously strong demand for BMW Group products in the luxury car and premium motorcycle segment in India." Reiterating the group's commitment towards
German carmaker BMW is expecting electric vehicle sales to account for over 10 per cent of its total car sales in India by next year, as it accelerates its electrification journey in the country
BMW Group India had planned to launch 28 products this year: 15 BMW; five MINI; and eight Motorrad, said CEO Pawah
Despite challenges from second Covid wave, BMW India has sold 70 per cent more luxury vehicles at over 9,600 units at group level across its three brands during first nine months of year
The German auto major had appointed Singh as head of India operations with effect from August 1, 2019
In an interview with T E Narasimhan & Gireesh Babu, Rudratej Singh of BMW Group India says the company has remained competitive despite headwinds
Last year, the company sold a little over 10,000 BMW cars, said Singh