Page 2 - Bmw

Force Motors posts higher quarterly profit on strong demand, one-off gain

Forces Motors' quarterly profit before exceptional items and tax rose 27.5% to 2.73 billion rupees from a year ago. It recorded a one-off income of 3.95 billion rupees from government incentives

Tesla's entry will boost India EV market, competition not a concern: BMW

BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands -- BMW and MINI -- has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview. "I think the market should grow. Anytime there's more competition, we've seen that the market grows," he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India. When asked about competition from the American electric car maker, Pawah said,"In all the markets in the world, we coexist. We all coexist and you can see last year figures worldwide, we were the ones who were growing. We grew in electric sales worldwide." Not many manufacturers can talk about growth in electric

BMW sees tariffs, China sales decline weighing on carmaking profit

BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year

Volkswagen may avoid 25% Trump tariff, but BMW and others face trade levy

Detroit's automakers lobbied for such an exemption for weeks, and praised Trump's announcement that they would receive temporary relief

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

Upgraded BMW X3 launched at Rs 75.80 lakh: Features and performance details

The fourth generation X3 made its global debut in June 2024. In India, the SUV will be offered in two variants: petrol-powered X3 20 and X3 20d diesel

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

Amid competition & delays, Volkswagen faces another year without new EVs

The manufacturer's deliveries risk slumping again because its namesake VW brand doesn't have a new electric car coming in 2025

BMW 1 Series to return with a facelift, as the brand's entry point model

While BMW enthusiasts await the launch of the revamped 1 Series along with the 2 Series Gran Coupe this year, the limited edition Skytop concept is also expected to be available for Indian buyers

Volkswagen India 'misclassified imports'; faces $1.4 bn tax evasion notice

A notice dated Sept 30 says Volkswagen used to import 'almost the entire' car in unassembled condition -- which attracts a 30-35 per cent import tax in India under rules for CKD, or completely knocked

Bombay HC not to release Mihir in BMW hit-run case over 'illegal' arrest

The Bombay High Court on Monday refused to release Mihir Shah, the main accused in a BMW hit-and-run case, on the ground of "illegal" arrest. Shah, the 24-year-old son of a former Shiv Sena leader, and his driver Rajrishi Bidawat had filed petitions in the HC claiming they have been illegally detained and sought immediate release. Shah was arrested on July 9, two days after he allegedly rammed his BMW car into a two-wheeler in Mumbai's Worli area, killing 45-year-old woman Kaveri Nakhwa and leaving her husband Pradeep injured. His driver Bidawat, who was also present in the car at the time of the accident, was arrested on the day of the incident. As per their pleas, the police had not informed them the grounds of their arrest at the time, which they claimed was in violation of the law. A division bench of Justices Bharati Dangre and Manjusha Deshpande on Monday dismissed the petitions. "Both the petitions are dismissed," the court said. The duo sought their release, claiming any

Luxury automakers hike prices up to 3% amidst rising material costs

Mercedes-Benz India will revise ex-showroom prices by Rs 2 lakh to Rs 9 lakh, depending on the model

VW, BMW and, Mercedes getting left behind in auto race by China's EVs

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

Tata Tech-BMW form 50:50 JV to focus on software-driven solutions

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles

BMW, MINI record 10% sales growth at 10,556 units during Jan-Sep period

German luxury carmaker BMW Group on Friday said its BMW and MINI brands recorded a 10 per cent year-on-year increase in sales, at 10,556 units in India during the January-September period of 2024. The number of cars (BMW and MINI) sold in the nine months of 2023 was 9,580 units. Besides, the group also sold 5,638 units of Motorrad brand of motorcycles, the group announced here on Friday. BMW Group comprises three brands--BMW, Mini and Motorrad. Of the 10,556 units, BMW Group said, it sold 10,056 units of BMW and the remaining 500 units of the MINI brand. "The highest ever car deliveries during January to September this year, reflects the synergy between a successful strategy and an unparalleled customer experience," said Vikram Pawah, President and CEO at BMW Group India. BMW Group India is changing the game with its long wheelbase product portfolio and a strong electric mobility offensive, he added. Key models like the BMW 7 Series Long Wheelbase, BMW 3 Series Long Wheelbase an

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Samvardhana, Suprajit Engg, Goodluck shares slip as BMW cuts FY24 guidance

Shares of domestic auto component suppliers took a beating on Wednesday after Germany-based automaker BMW cut its Ebit margin and RoCE guidance due to escalating recall costs and delivery stops

BMW brake recall, VW job threat deepen German automobile industry crisis

BMW shares plunged after the company disclosed the spiraling cost of a recall affecting 1.5 million vehicles due to faults with their Continental AG braking systems

Luxury car buyers in India speed up shift to EVs, outpacing mass market

Mass-market EV sales dropped 10% year-on-year in August, but the luxury segment is seeing strong demand, with premium carmakers reporting a solid order pipeline

BMW recalling around 720,000 vehicles due to issue with water pump

The National Highway Traffic Safety Administration said that the recall includes some X1, X3 and X5 vehicles as well as some other models