Page 5 - Bmw

Local assembly of EVs in India just a matter of time: BMW official

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

Luxury car market poised for record sales in 2023 after stellar H1 numbers

Indian luxury car segment is driving towards an all-time high sales this year with the big three, Mercedes-Benz, BMW and Audi, posting record numbers in the first half of 2023. In the January-June period this year, German luxury carmaker Mercedes-Benz posted its best-ever half-yearly sales in India at 8,528 units, a growth of 13 per cent over 7,573 units in the year-ago period. Similarly, compatriot BMW Group also posted record sales of 5,867 units of luxury cars across its BMW and MINI brands during the period, its best half-yearly sales in India. Another German luxury carmaker, Audi, posted a 97 per cent jump in retail sales in India at 3,474 units in the first half of 2023 as compared to 1,765 units in the January to June period in 2022. "Our estimate is that in the first six months (of the year) about 21,000 cars have been sold in the luxury space and normally H2 (second half) is better than H1. So, our estimate is that the whole luxury cars segment should be close to about ...

BMW India expects double-digit growth in 2023, chip supply a challenge

Company expects one-third of sales will come from the online channel, says its India president in interview

BMW launches its updated SUV X5 with price starting at Rs 93.9 lakh

German luxury carmaker BMW on Friday launched the new version of its popular SUV X5 with prices starting at Rs 93.9 lakh (ex-showroom). The model is locally produced at the company's Chennai plant and will be available in both petrol and diesel engine options. The petrol option has a 3-litre engine with a power output of 381 hp and can accelerate from 0-100 kmph in 5.4 seconds. It comes in two variants priced at Rs 93.9 lakh and Rs 1.05 crore, BMW India said in a statement. The diesel variant also has a 3-litre engine with 286 hp and can accelerate from 0-100 kmph in 6.1 seconds. It also has two variants priced at Rs 95.9 lakh and Rs 1.07 crore, it added. Both the engines feature a 48V electrical motor with a power output of 12 hp that aids in better efficiency and dynamics, the company said. "The new BMW X5 has all the ingredients to strengthen its position as the global market leader in its segment," BMW Group India President Vikram Pawah said. The model is equipped with BMWxDr

Sachin's love affair with luxury cars continues; buys Lamborghini Urus S

While the Urus S is Sachin Tendulkar's first Lamborghini, his garage already houses an impressive collection of luxury cars

BMW launches its 2023 Z4 Roadster at Rs 89.30 lakh for Indian market

BMW will offer the Z4 in its M Performance trim, M40i. The car comes with a standard two-year warranty with unlimited kilometres

Larsen & Toubro bets on $1.5 bn return from push to electric vehicles

L&T Technology Services Ltd., whose customers include BMW AG and Airbus SE, wants to accelerate growth after recording sales of $1 billion

Dancing supercars to hologram-fitted convertibles: Auto rivals lure drivers

Some of the world's biggest automakers showed off their latest models at the bustling auto show in Shanghai

EVs could be 30% of order book by 2025, says BMW India president

'Diesel, petrol and electric cars will coexist in premium segment'

BMW evaluates more battery electric vehicles for India amid growing demand

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

BMW launches petrol, diesel variants of third-gen X1 SAV in India

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.

BMW increasing focus on India, sees growth potential amid low penetration

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,

Rolls-Royce heralds 'momentous year' as sales exceed 6,000 for first time

A 'single-digit' drop in sales was recorded in China due to 'ongoing headwinds' but this was "successfully counterbalanced by increased sales in other markets" said the car maker

BMW recalls over 124,000 electric vehicles due to software glitch

The recall covers iX SUVs and i4 and i7 sedans produced between October 14, 2021, and October 28, 2022

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 India turns the corner, reports profit in FY22 due to high demand

The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore

BMW to bring QR-based casual gaming into vehicles from next year

Automaker BMW and gaming platform AirConsole have announced a partnership to bring casual gaming into new BMW vehicles via scanning a QR code.

BMW's Z4 convertible has little competition, offers freedom on tap

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.

No plans to set up any auto component plant in Punjab, says BMW Group

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

BMW agrees to set up auto parts manufacturing plant in Punjab, says CM

Germany's luxury carmaker BMW has agreed to set up its auto part manufacturing unit in Punjab, said a state government release here on Tuesday. A decision to this effect was taken during the visit of Punjab Chief Minister Bhagwant Mann at BMW headquarters in Germany on Tuesday, it said. Mann is currently on a visit to Germany to woo investors as his government promotes Punjab as the most preferred destination for doing business. During the visit, the CM showcased the state government's exemplary work to promote industry in the state after which BMW agreed to set up its auto component unit in the state, it said. An official release quoting Mann said this will be the second unit of the company in India as one such unit was already operational in Chennai. He said this will give a major boost to industrial growth of the state and open new employment avenues for the youth. The CM also invited BMW to collaborate with the state in the e-mobility sector. He was apprised that e-mobility