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BMW India

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

Updated On: 18 Jan 2025 | 1:07 PM IST

Luxury on wheels: Over 6 high-end cars sold every hour in India in 2024

India's luxury car market sees rapid growth, with over 50,000 units expected to be sold in 2025, supported by rising wealth, new model launches, and a thriving affluent class

Updated On: 28 Dec 2024 | 11:35 AM IST

After Mercedes, BMW India announces price hike of up to 3% from January

Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year. The new prices will be effective from January 1, 2025 onwards, the German automaker said in a statement. The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i. BMW also sells models like i4, i5, i7, i7 M70, iX1, BMW iX, Z4 M40i, M2 Coupe among others as Completely Built-up Units (CBU). Last week, Mercedes-Benz had announced to hike the prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will get costlier by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine.

Updated On: 22 Nov 2024 | 4:56 PM IST

BMW India targets to double electric vehicle penetration by next year

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

Updated On: 04 Oct 2024 | 11:44 PM IST

Auto parts-making plant for BMW to come up in Punjab, CM to lay foundation

Punjab Chief Minister Bhagwant Mann on Thursday assured full support to Modern Automotives for its plans to expand its project in the state and manufacture parts for luxury car maker BMW. A delegation of the Modern Automotives Ltd comprising its representatives -- Aditya Goyal, Suhail Goyal and Manish Bagga called on the Chief Minister here. During the meeting, Mann was informed that Modern Automotive has become the first Indian company to receive approval for deliveries of differential pinion shafts to German luxury vehicles manufacturer BMW AG Munich, according to an official statement. They said that an order has been confirmed for 2.50 million units valued at Rs 150 crore, the statement said. Assuring fulsome support to the company for their future endeavours, Mann accepted the invitation of the delegation to lay the foundation stone of the upcoming plant next month at Mandi Gobindgarh. He said it is a matter of immense pride and satisfaction that the parts for BMW will now be

Updated On: 19 Sep 2024 | 6:10 PM IST

BMW Group, Tata Technologies partner for automotive software hub in India

The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT

Updated On: 02 Apr 2024 | 8:11 PM IST

BMW Group India races to new peak in record year for luxury car sales

Govt should rationalise duty structure if it wants faster adoption of new technologies: India head Pawah

Updated On: 15 Jan 2024 | 6:48 PM IST

BMW India posts record sales of luxury cars, motorcycle at 22,940 units

German automotive group BMW on Thursday reported record sales of its luxury cars and motorcycles in India at 22,940 units in 2023. The automaker sold a total of 14,172 units across BMW and MINI brands last year. It also retailed 8,768 units of motorcycle (BMW Motorrad) in 2023. The company's sales rose by 19 per cent last year as compared to 19,263 units in 2022. "2023 has been a record-breaking milestone year for BMW Group India. All three brands 'BMW, MINI and BMW Motorrad' have delivered their highest-ever sales," BMW Group India President Vikram Pawah told reporters here. He noted that the company has successfully retained its leadership in the electric luxury car segment for the second consecutive year. "We continue to set the pace in the Indian electric luxury vehicle market with the most diverse and innovative product range, designed to cater to diverse customer needs," Pahwa said. The BMW iX is the highest-selling luxury electric vehicle in India, he stated. On the sales

Updated On: 11 Jan 2024 | 2:00 PM IST

Tax on expat salaries: Japan firm's India unit gets interim relief on GST

The GST authorities had issued a show cause notice to Kanematsu India, demanding over Rs 2.6 crore on reimbursement of expat employees salaries made by the company to the Japanese parent

Updated On: 12 Dec 2023 | 10:19 PM IST

BMW India to hike car prices up to 2% from Jan 1 due to rising input costs

German luxury carmaker BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs. BMW India's decision to implement a price increase across model range is a response to a confluence of factors, BMW Group India President Vikram Pawah said in a statement. "In the face of evolving dynamics, fluctuations in exchange rates, and rising input costs, this price adjustment will sustain the crucial balance that allows us to consistently deliver the high standards and power-packed experience our customers associate with BMW vehicles," he added. BMW India sells a range of luxury vehicles, starting from the BMW 220i M Sport to the BMW XM, priced between Rs 43.5 lakh and Rs 2.6 crore. The company joins the likes of other passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, .

Updated On: 11 Dec 2023 | 3:38 PM IST

HC gives interim relief to BMW over GST notice on salaries paid to expats

However, salaries directly paid by Indian companies to expat employees without reimbursement won't attract GST, as expats are then perceived as employees of the Indian company alone

Updated On: 05 Dec 2023 | 8:30 PM IST

No plans to phase out diesel vehicles: BMW India president Vikram Pawah

The company currently has an order book of about 2,000 cars and 1,000 motorcycles

Updated On: 13 Oct 2023 | 11:05 PM IST

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

Updated On: 23 Jul 2023 | 11:43 PM IST

Luxury car sales up 38% YoY in June, more growth than overall vehicle sales

Going by the current trend, luxury car sales will cross the 40,000 mark taking over the pre-pandemic peak achieved in 2018

Updated On: 12 Jul 2023 | 11:08 AM IST

Struggling BMW blames supply-chain issues even as luxury car sales flourish

BMW's sales for the quarter (January-March) were down 14 per cent year-on-year as the company sold 2,268 units

Updated On: 12 Jun 2023 | 2:31 PM IST

BMW launches all-new sports car M2 in India at Rs 98 lakh: Details here

BMW's M2 variant is equipped with an automatic transmission and comes with a 3.0-liter inline 6-cylinder petrol engine

Updated On: 08 Jun 2023 | 7:07 PM IST

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

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

Updated On: 28 Mar 2023 | 12:12 AM IST

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

Updated On: 31 Jan 2023 | 9:44 PM IST

Will raise Chennai unit output to curtail waiting period: BMW's Pawah

Indian market is probably at its take-off point, says Vikram Pawah

Updated On: 29 Jan 2023 | 10:35 PM IST

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.

Updated On: 28 Jan 2023 | 2:58 PM IST