The company currently has an order book of about 2,000 cars and 1,000 motorcycles
German luxury carmaker BMW will locally produce its electric vehicles in India, and it is just a matter of time as the company's vehicles continue to gain traction in the market, according to a senior company official. BMW, which saw 9 per cent of its sales in India coming from EVs in the first half of 2023, expects to reach up to 25 per cent by 2025. "As the volumes grow, as we have done with every other product, we will localise them (EVS), and we will produce them (locally)," BMW Group India President Vikram Pawah told PTI in an interview. The localisation of EVs in India has two aspects, "one is the volume here, and the other one is the technology", he noted. "It is just a matter of time. There has to be some inertia of the volumes and stability. We're seeing good signs now. It's still early days...We have delivered only 500 cars across four models in the first six months, that is still small from that perspective, but it is clearly growing fast," Pawah said. He was responding
Going by the current trend, luxury car sales will cross the 40,000 mark taking over the pre-pandemic peak achieved in 2018
BMW's sales for the quarter (January-March) were down 14 per cent year-on-year as the company sold 2,268 units
BMW's M2 variant is equipped with an automatic transmission and comes with a 3.0-liter inline 6-cylinder petrol engine
'Diesel, petrol and electric cars will coexist in premium segment'
BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs
Indian market is probably at its take-off point, says Vikram Pawah
Luxury car maker BMW on Saturday launched the all-new BMW X1 sports activity vehicle (SAV) in both petrol and diesel variants for consumers in India.
Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022
German luxury carmaker BMW is increasing its focus on India, buoyed by the best-ever annual sales in 2022 as it sees huge growth potential for market leadership here given the low penetration. Driven by the highest ever number of launches (26 ), and pent-up demand arising from the pandemic-induced lockdowns, BMW India sold 35 per cent more cars (BMWs and Minis combined) in 2022 at 11,981 units (of which 11,268 were BMWs), making it the highest ever deliveries in its history since its entry in 2007. Its two-wheeler brand Motorrad also had its best-ever sales delivering 7,282 units, a full 40 per cent growth on-year. Though India is likely to overtake Japan to become the third largest auto market in the world after China and the US in 2022 selling more than 4.25 million units, there is nothing to write home about the luxury segment which is just about 1 per cent. Of this, the car volume stood at 3.8 million in 2022, excluding the units sold by luxury carmakers Mercedes, BMW and Volvo,
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)
The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore
The Z4 is really the next generation of a convertible after the Z3, and represents a vast range of improvements that include engine performance, drive and handling, tech as well as the way it looks.
The first Indian executive to head the German luxury carmaker in the subcontinent, Dhillon has worked his way up the ranks, writes Pavan Lall
The i4 is imported as a completely built unit. It has the fifth-generation BMW eDrive technology with an integrated drive unit powered by an electric motor
Locally produced at BMW Group plant in Chennai, the new exclusive edition comes in both petrol and diesel engine options
The adventure sports tourer will be available as completely built-up unit (CBU) and can be booked at BMW Motorrad dealerships, the company said in a statement
The price increase will be brought into effect to adjust the material and logistics costs, impact of current geo-political situation and exchange rates, the German automaker said in a statement
Luxury automaker BMW India on Friday said it has commenced pre-launch bookings for the new X4.