Business Standard

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

BMW's supply chain in India reached some normalcy from May onwards

Vikram Pawah, President, BMW Group India
Premium

Vikram Pawah, President, BMW Group India

Deepak Patel New Delhi

Listen to This Article

BMW’s car sales were up 5 per cent in the first half of this year over continuing logistical challenges and semiconductor chip shortage, but the company expects to post a strong double-digit growth for the full calendar year, its India president Vikram Pawah said on Tuesday.  

The German company plans to launch seven car models in the second half of 2023, he told Business Standard. In the first half of 2023, the German company sold 5,867 cars and saw its motorcycle segment grow 50 per cent to 4,667 units, said Pawah. 

The company continues to have a strong order book in India

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in