Page 4 - Luxury Car Sales

BMW drives in M340i xDrive in India priced at Rs 62.9 lakh

German luxury carmaker BMW on Wednesday said it has launched M340i xDrive in India priced at Rs 62.9 lakh (ex-showroom). Locally produced at the company's Chennai plant, the model is the first high-performance BMW with an M engine to be made in India. "We are excited to launch the first-ever BMW M340i xDrive, the quickest car to be locally produced in India - a completely novel high-performance product that the Indian auto enthusiasts have been waiting for eagerly," BMW Group India President Vikram Pawah said in a statement. It is a unique car because it has the thrilling soul of the BMW 3 Series, the amplified power of M and the driving dynamics of BMW xDrive, he added. The M340i xDrive is powered by a 2,998 cc six-cylinder petrol engine with 387 hp of power which enables it to sprint from 0 to 100 km/h in 4.4 seconds, making it the quickest car to be produced in the country. The engine comes mated with eight-speed automatic transmission.

BMW group's Mini brand grows and stays strong where others pack up

The storied automobile brand owned by the BMW group has established itself as a premium small car brand in India boosting its sales to over 500 units last year

Average selling price of used cars falls first time in five years: Report

Change in emission norms dragged impacted demand, leading to price drop

Luxury carmakers rev up in India, plan over 50 new models after Covid pain

With over 50 new launches this year, super-premium marques are taking a calculated bet on the Indian market that touched a decadal low in 2020

Luxury carmaker BMW to bring 25 new products in India this year

BMW looks to accelerate sales growth, leaving behind the worst of the coronavirus pandemic

China's appetite for luxury cars is now a boon for eastern European nations

Slovakia and the Czech Republic, which make the most cars in the world per capita, have closed shops to tame second wave of Covid-19. Their factories, however, continue to churn out luxury vehicles

BMW launches Mini John Cooper Works Hatch in India at Rs 46.9 lakh

German luxury carmaker BMW launched limited edition Mini John Cooper Works Hatch in India priced at Rs 46.9 lakh (ex-showroom)

Explained: Why premium carmakers focus on entry-level offerings in India

Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down

Luxury car mkt projected to reach 2018 level by 2022: Lexus India president

Country head P B Venugopal tells Pavan Lall that hybrid roll-out is going to dominate the firm's product strategy

Rolls-Royce says demand for luxury cars recovering due to sales in Asia

Torsten Muller-Otvos said the demand meant Rolls-Royce was the first car company to resume car production in the United Kingdom on May 4

Big Boy Toyz eyeing non-metros for pre-owned luxury car business

Firm says it's mostly aspirational buyers from Tier-2 and 3 cities who come looking for used luxury cars for better value for money

Mercedes Benz bets on high-performance cars for the tech-inclined driver

Prices start at Rs 75 lakh for C43 Coupe to Rs 3 crore for a fully loaded AMG S63.

Mercedes-Benz India to offer full-range of vehicles online starting Friday

Under the used car business, more than 150 cars were sold online in the months of January and February in 2020

Podcast: Superluxury items the latest victim of India's slowing economy

But the gloom is in no way a reflection of the number of the wealthy. Listen to this podcast for more

From auto to watches, superluxury manufacturers feel the pinch of slowdown

Slowdown overwhelms high-end auto, watches, apparel and most of real estate segments

Despite offers, luxury car sales hit slow lane in 2018, rise a mere 4.9%

2019 unlikely to be better thanks to uncertainty around election results, say analysts

From Mercedes-Benz to Audi, luxury car sales rise ahead of a price hike

BMW India, after years of decline sold 9,800 units, up 25 per cent over last year in calendar year 2017

Luxury car sales: Audi, BMW, Mercedes, Jaguar Land Rover advance in 2017

BMW Group India said it delivered 9,800 cars during the year, up 25% over year-ago period