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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,
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
BMW Motorrad on Friday launched G 310 RR bike in India with price starting at Rs 2.85 lakh (ex-showroom). The two-wheeler arm of German luxury carmaker BMW introduced the model in two trims -- G 310 RR and G 310 RR Style Sport priced at Rs 2.85 lakh and Rs 2.99 lakh respectively. "In just under five years, the G 310 R and G 310 GS have become immensely popular and are in high demand all over the world. The introduction of a third member further diversifies the G 310 range," BMW Motorrad Head of Region Asia, China, Pacific & Africa Markus Mueller-Zambre said at the event. The company is glad to launch the bike first in India which is one of the fastest growing markets for BMW Motorrad, he added. The G 310 RR comes with a 313-cc engine enabling it to accelerate from 0 60 km/hr in just 2.9 seconds. For adaptation to varied conditions, the 310 RR is fitted with four modes as standard - Track, Urban, Rain and Sport. BMW Group India President Vikram Pawah said the 310 RR is the ...
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