BMW bullish on expanding Indian luxury market
1 year, 10 months ago

BMW bullish on expanding Indian luxury market

Deccan Chronicle  

BMW, India's second largest German luxury car maker, is targeting strong double digit growth this year, including its electric cars, for which it has lined up over 16 new car launches this calendar year in Asia's third biggest economy. Despite challenges of global headwinds like recession, supply chain disruption amidst Russia-Ukraine war, the resilient Indian economy would continue to boost luxury car sales in high gear in India. Vikram Pawah, president BMW India, in an exclusive interview with Michael Gonsalves, reveals the road map for the luxury car market and the BMW brand in India. This year we have a strategy in place for sales growth as we will launch 16 new cars and two new motorcycles in 2023 to meet the growing appetite of our customers for the premium products even as all our existing sedans, sports activity vehicles, coupes and performance cars continue to be in high demand.

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History of this topic

The key to unlocking India's luxury market
1 month ago

The key to unlocking India's luxury market

Live Mint  

The Indian luxury market, one of the world’s fastest growing, is a key target for both homegrown and international brands looking to increase their market share in the coming new year. “India has always been a value-driven market," says Edward Lalrempuia, a fashion stylist who works with some of the country’s leading fashion and beauty brands. Amit Aggarwal, one of …

BMW cars to become expensive from January 1, price hike announced
1 month ago

BMW cars to become expensive from January 1, price hike announced

India Today  

BMW India will increase the price of its cars by up to 3% from January 1. The price hike will be across the BMW model range. The company's locally produced range of cars includes the BMW 2 Series Gran Coupe, BMW 3 Series Long Wheelbase, BMW 5 Series Long Wheelbase, BMW 7 Series Long Wheelbase, BMW X1, BMW X3, BMW …

New BMW M340i Starts at Rs 74.90 Lakh
1 month, 1 week ago

New BMW M340i Starts at Rs 74.90 Lakh

Deccan Chronicle  

Pune: BMW, the German luxury car maker, on Thursday introduced the highly anticipated M340i xDrive priced at Rs 74.90 lakh at pan India showroom. The locally manufactured BMW M340i gets new Vernasca leather seat covers with M stitching, and what BMW calls the ‘Widescreen Curved Display’ – which incorporates a 14.9-inch touchscreen and a 12.3-inch digital instrument cluster – gets …

‘India will double its luxury car sales by 2030’
3 months, 2 weeks ago

‘India will double its luxury car sales by 2030’

The Hindu  

India will sell more than 1,00,000 luxury cars a year by 2030, up from 48,500 sold last year, said Balbir Singh Dhillon, Head, Audi India. ‘‘Luxury segment in the Southeast Asian market, even in reasonably developing countries, not obviously the size of India, account for 5-6% of the total car market and in some countries, including Taiwan, it goes up …

Latest luxury car launches in India
3 months, 2 weeks ago

Latest luxury car launches in India

The Hindu  

Made in India: Range Rover Sport Tata-owned Jaguar Land Rover scored possibly the biggest coup in the Indian automotive space by announcing a Made in India Range Rover Sport. An Affordable GT Badge: Volkswagen Taigun GT Plus Sport Volkswagen India makes a bold move by democratising its highly prestigious ‘GT’ badge by slapping it onto its hugely popular compact SUV …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

BMW bets big on electric vehicles, to expand market
4 months, 4 weeks ago

BMW bets big on electric vehicles, to expand market

Deccan Chronicle  

New Delhi: BMW, India’s second biggest German luxury car maker, is expanding its electric luxury portfolio as it bets big on its growth potential in the competitive electric vehicle market in the country. On Wednesday it introduced two electric products such as Mini Countryman EV priced at Rs 54.90 lakh and BMW CE 04 electric scooter priced at Rs 14.90 …

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head
8 months, 3 weeks ago

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head

Hindustan Times  

New Delhi, Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. HT Image The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 …

Indian Millennials Drive Luxury Car Surge Globally, Says Lamborghini CEO
10 months ago

Indian Millennials Drive Luxury Car Surge Globally, Says Lamborghini CEO

News 18  

Indians have been setting the pace in the world of luxury purchases, and the trend extends to high-end sports cars like Lamborghinis. Despite relatively low sales in the country, with 103 Lamborghinis sold in 2023 compared to 10,000 worldwide, Winkelmann sees massive potential in the Indian market. Interestingly, Winkelmann highlighted a unique trend among Indian buyers who are not only …

TOP GEAR
11 months, 1 week ago

TOP GEAR

New Indian Express  

BENGALURU: The Indian automobile market roared to new heights in 2023, showcasing a robust growth trend. Recent figures reveal a groundbreaking milestone, with the annual passenger car market soaring past the 40 lakh mark for the first time — a remarkable 8 per cent surge compared to the previous year. Maruti Suzuki, a stalwart in the industry, accounted for nearly …

Mercedes-Benz to Launch 12 New Models in India, Here's What it Plans for 2024
11 months, 2 weeks ago

Mercedes-Benz to Launch 12 New Models in India, Here's What it Plans for 2024

News 18  

The luxury car manufacturer Mercedes-Benz ended the year 2023 on a good note, all thanks to its satisfying sales numbers. In a move to expand the lineup, and offer multiple options to the customers, the German carmakers will be launching 12 new models in India. Big Investment for India in 2024 As per the details shared by the TOI, the …

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report
1 year ago

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report

Hindustan Times  

According to a report, India will be the second market and first non-European destination for a proposed 2-door electric car from Elon Musk's Tesla, with the model also being the largest EV manufacturer's ‘most affordable’ vehicle. “While Tesla has earmarked its German facility for this most affordable car, it expects sizable volumes of this model from the Indian market. Meanwhile, …

‘Shift to luxury cars will gain pace as EV market matures’
1 year, 4 months ago

‘Shift to luxury cars will gain pace as EV market matures’

Live Mint  

New Delhi: A fast-maturing electric vehicle market in India will prove to be a tipping point for faster penetration of luxury vehicles, as the EV mass market price points shift from ₹10 lakh- ₹20 lakh to ₹30 lakh- ₹35 lakh, making the transition from mass market to luxury vehicle “more gradual" and “easier", said Santosh Iyer, managing director and chief …

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report
1 year, 4 months ago

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report

Hindustan Times  

The demand for luxury housing in India rose in the April to June period, according to a report. 3,100 luxury housing units - priced at ₹ 4 crore and above - were sold in the quarter, compared to 1,400 in the year-ago period. Pune's luxury home sales inched up from nil last year to 150 units this year in April …

Top end BMW cars sell faster, clocks over 100% sales in H1
1 year, 5 months ago

Top end BMW cars sell faster, clocks over 100% sales in H1

Deccan Chronicle  

PUNE: BMW, India’s second biggest luxury car maker, on Monday said sales of its top end vehicles, which it calls the luxury class, priced over Rs 1.50 crore were growing over 100 per cent with a waiting period running into over four months. “In the first half of this year, our luxury class vehicles surged 128 per cent compared to …

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%
1 year, 5 months ago

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%

The Hindu  

BMW Group India reported 5% growth in sales of cars in the January to June 2023 period owing to heavy demand for its luxury vehicles. Vikram Pawah, president, BMW Group India said, “We have achieved the landmark highest ever half-yearly, quarterly and June monthly sales. Every product launched this year is extremely desirable and in tremendous demand.” He said the …

Mercedes-Benz, BMW, Volvo register handsome sales in H1 2023
1 year, 5 months ago

Mercedes-Benz, BMW, Volvo register handsome sales in H1 2023

India Today  

Luxury carmakers like Mercedes-Benz, BMW and Volvo posted record sales in the first half of the calendar year 2023 on the back of strong demand and a rise in the availability of vehicles due to an improvement in semiconductor supply. Mercedes-Benz India, the largest luxury carmaker in the country, registered its best-ever H1 sales at 8,528 units during the January …

The lust for luxury brands
1 year, 5 months ago

The lust for luxury brands

Deccan Chronicle  

This lust for expensive goods is a global phenomenon; has affected India too. Suryajit Singh, scion of the erstwhile royal family of Kapurthala and Managing Partner at JMC, a global luxury brand management consultancy that provides commercial growth strategies to brands across industries, names two reasons for the increased spending on luxury goods. Further, trends show that Gen-Z shop more …

Upper Crust: Why India is becoming the new darling of luxury brands across the globe
1 year, 7 months ago

Upper Crust: Why India is becoming the new darling of luxury brands across the globe

Firstpost  

India has arrived, making its presence felt everywhere. This piece of news comes after American make-up giant Estee Lauder announced former Miss India Manushi Chillar as its global brand ambassador. It’s a sign that global luxury brands are increasingly eyeing India as the next big market. We take a deep dive into the world of luxury brands and why an …

Mercedes-Benz to Launch Four New Electric Vehicles in India Soon
1 year, 8 months ago

Mercedes-Benz to Launch Four New Electric Vehicles in India Soon

News 18  

German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive, Mercedes-Benz AG Head of Region Overseas Matthias Luehrs said on Thursday. On the sales expectation from the EV portfolio in India, Luehrs said, “We will have 25 per cent, that’s our planning assumption, of electric vehicles …

BMW aims double-digit growth in volumes in India amid global challenges
1 year, 10 months ago

BMW aims double-digit growth in volumes in India amid global challenges

India Today  

BMW Group India, which posted handsome growth in volumes during the previous two years, is aiming to carry on the momentum and record double-digit growth in 2023, despite geopolitical, semiconductor and logistical challenges, according to a senior company official. Category 2020 2021 Growth 2022 Growth BMW and Mini 6,604 units 8,876 units 34.40% 11,981 units 34.98% BMW Motorrad 2,563 units …

Anything govt can do to stimulate more demand will be welcomed: BMW Group India President Vikram Pawah
1 year, 10 months ago

Anything govt can do to stimulate more demand will be welcomed: BMW Group India President Vikram Pawah

India Today  

BMW Group India President Vikram Pawah said that anything the government can do in the Union Budget 2023 to stimulate more demand will be welcomed. In calendar year 2022, BMW Group India recorded its highest-ever PV and motorcycle deliveries on the back of robust demand and relatively better semiconductor supply. While BMW posted a growth of 36.81% to 11,268 units …

India is 3rd biggest auto market now. What do the numbers reveal?
1 year, 11 months ago

India is 3rd biggest auto market now. What do the numbers reveal?

Live Mint  

The automobile sector, which was bogged down for months by the semiconductor shortage last year, is slowly coming out of the woods with easing supply-chain constraints. With vehicle sales topping 4.5 million in 2022, India became the world’s third-largest automotive market, beating Japan, Nikkei Asia reported earlier this month. Budget may put India's missing middle in Ayushman Bharat UPI for …

Mercedes-Benz India to focus on top end of luxury car market, eyes double-digit growth in 2023
1 year, 11 months ago

Mercedes-Benz India to focus on top end of luxury car market, eyes double-digit growth in 2023

The Hindu  

Mercedes-Benz India, having retained its leadership position in the country’s luxury car segment for the eighth consecutive year, said it would now focus on the top end of the luxury car market in 2023 to solidify its position. Mercedes-Benz India on Friday introduced Mercedes-AMG E 53 4MATIC+ Cabriolet, the first Cabriolet in an AMG Avatar in India, saying the new …

BMW Group India posts best-ever annual performance in 2022: Record sales for BMW, Mini, BMW Motorrad
1 year, 11 months ago

BMW Group India posts best-ever annual performance in 2022: Record sales for BMW, Mini, BMW Motorrad

India Today  

BMW Group India registered its best-ever performance during a calendar year, delivering a record number of passenger vehicles and motorcycles in 2022, leading to the highest volumes for BMW, Mini and BMW Motorrad, and a decade-high growth. While BMW posted a growth of 36.81% to 11,268 units in CY22 from 8,236 units in CY21, Mini saw its volumes rise 11.41% …

Lexus bullish on Indian luxury market
2 years, 1 month ago

Lexus bullish on Indian luxury market

Deccan Chronicle  

Lexus, the luxury car brand of Japanese auto giant Toyota, which completed five years in India, the world’s fourth and Asia’s third biggest car market, is bullish on the luxury car market in the country, which is likely to touch 35,000-40,000 units this calendar year. Naveen Soni, president at Lexus India, in an interview with Michael Gonsalves, reveals the road …

Mercedes-Benz reports 28% rise in sales in India at 11,469 units in Jan-Sep
2 years, 2 months ago

Mercedes-Benz reports 28% rise in sales in India at 11,469 units in Jan-Sep

India TV News  

Mercedes-Benz India sales: German luxury carmaker Mercedes-Benz on Wednesday reported a 28 per cent rise in sales in India at 11,469 units in the January to September period this year, surpassing what it sold in the whole of 2021. The company had sold 8,958 units in the same period last year, Mercedes-Benz India said in a statement. The current market …

BMW Motorrad Launches Touring Range of Motorcycles in India
2 years, 4 months ago

BMW Motorrad Launches Touring Range of Motorcycles in India

News 18  

BMW Motorrad India has launched its ‘Touring Range’ of motorcycles in the country. BMW Motorrad India would start the deliveries of the touring range from this month onwards for the buyers who had pre-booked the motorcycles. As a high-performance, emotional, and exclusive riding experience, the new BMW Motorrad touring motorcycles embodies the motto of the ‘Spirit of the Open Road’. …

Younger clientele driving luxury car sales in India
2 years, 7 months ago

Younger clientele driving luxury car sales in India

The Hindu  

Luxury automobile makers like Lamborghini, Mercedes Benz, and BMW, are all seeing strong demand for their models in the premium end, despite the COVID-related disruptions, largely due to a shift in customer profile to younger, first-generation entrepreneurs, who believe in the ‘you only live once’ philosophy. Varun Kalyanasundaram, a 33-year-old director at Chennai-based Polimer Media, bought his first luxury car …

BMW Group India sees highest growth in a decade in 2021
2 years, 11 months ago

BMW Group India sees highest growth in a decade in 2021

The Hindu  

BMW Group India on Tuesday said it has achieved the highest growth in a decade in the country by delivering a total of 8,876 cars, including BMW and MINI, and 5,191 motorcycles in 2021. “BMW Group India has remained strong and resilient with all its three brands – BMW, MINI and BMW Motorrad posting stellar growth. Greater flexibility and far-sighted …

‘It will be difficult to grow the EV penetration with such high import duty structure’: MD & CEO Mercedes-Benz India
3 years ago

‘It will be difficult to grow the EV penetration with such high import duty structure’: MD & CEO Mercedes-Benz India

Live Mint  

German luxury car maker, Mercedes-Benz, continues its growth trajectory in India riding on the success of AMG and EQC models. Yet, the existing import duty structure bothers Mercedes-Benz and wants government to rationalise it for better adoption of luxury and EV cars in India. Mercedes-Benz luxury electric car EQC We have a planned roadmap for the EV portfolio’s expansion in …

BMW to launch three electric vehicles in next 6 months in India
3 years ago

BMW to launch three electric vehicles in next 6 months in India

Live Mint  

German luxury car maker, BMW, on Thursday said it will launch three electric vehicles in the next 6 months in India to accelerate its electric mobility journey in the country. We are taking the product offensive to the next level and this whole offensive is aimed at pure electric mobility," BMW Group India President and CEO Vikram Pawah told PTI. …

High taxes hampering growth of luxury car segment in India: Audi
3 years, 1 month ago

High taxes hampering growth of luxury car segment in India: Audi

Live Mint  

New Delhi: A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to German automaker Audi. Luxury car volumes account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more …

Mercedes-Benz India sells 4,101 vehicles between Jul-Sep, nearly twice as many as in Q3 2020
3 years, 2 months ago

Mercedes-Benz India sells 4,101 vehicles between Jul-Sep, nearly twice as many as in Q3 2020

Firstpost  

Mercedes-Benz India has so far sold 8,958 units in 2021, a 79 percent growth over the 5,007 units sold in the same period last year. This is nearly twice as many cars and SUVs Mercedes-Benz sold in India in the July-September period last year. Thanks to its strong showing in the third quarter, Mercedes-Benz India has so far sold 8,958 …

Mercedes-Benz India clocks its highest-ever domestic sales
3 years, 2 months ago

Mercedes-Benz India clocks its highest-ever domestic sales

India Today  

Mercedes-Benz India firmly consolidates its leadership position in the luxury car market with significant margin, despite prevalent pandemic-related challenges. The Indian arm of the German carmaker delivered 4,101 units in the July to September 2021 period, registering a 99 per cent growth over 2020, making it one of its highest quarters ever in its history in India. In 2021 alone, …

The electrification of Indian cars
3 years, 3 months ago

The electrification of Indian cars

Hindustan Times  

The EV fever is gripping India. Volvo India’s latest offering – the pure electric compact SUV XE40 Recharge – will be the first fully electric car to be launched by the luxury car maker in India. At present, the luxury electric car models introduced in the Indian market by bigwigs like Volvo, Mercedes and Audi are being imported. EVs are …

Mercedes-Benz India's sales rise 34 per cent in Q1 2021
3 years, 8 months ago

Mercedes-Benz India's sales rise 34 per cent in Q1 2021

India Today  

Mercedes-Benz India today reported a rise of 33.82 per cent in sales to 3,193 units in the January-March quarter of 2021. The Mercedes-Benz E-Class LWB sedan was the luxury automobile manufacturer's largest-selling model in the January to March period of 2021, followed by the Mercedes-Benz C-Class sedan. The sedan segment contributed 53 per cent to the total sales of Mercedes-Benz …

Explained: Tesla's challenges in India as it gears up to sell EVs
3 years, 11 months ago

Explained: Tesla's challenges in India as it gears up to sell EVs

India Today  

Elon Musk’s electric car-making company, Tesla, is expected to soon start selling its base model in India. Therefore, the real challenge for Tesla will be to create a niche for itself in the fuel-dominated auto market in India Challenges for Tesla in India India has been announcing measures to boost EV sales in the country, but they may not be …

BMW G 310 R, G 310 GS, R 1250 GS, S 1000 RR, others: BMW Motorrad sales rise 6.7 per cent in 2020
3 years, 11 months ago

BMW G 310 R, G 310 GS, R 1250 GS, S 1000 RR, others: BMW Motorrad sales rise 6.7 per cent in 2020

India Today  

BMW Motorrad India registered a growth of 6.7 per cent in total motorcycle sales to 2,563 units in 2020. According to BMW Motorrad India, its sales climbed by more than 51 per cent in the October-December quarter of 2020 in comparison to the corresponding quarter of 2019. The premium motorcycle brand claimed that the new BMW G 310 R and …

BMW India Sold 6,092 Cars in 2020; Mini Sells 512 Units and Motorrad Retails 2,563 Motorcycles
3 years, 11 months ago

BMW India Sold 6,092 Cars in 2020; Mini Sells 512 Units and Motorrad Retails 2,563 Motorcycles

News 18  

BMW Group India has delivered 6,604 units of BMW and MINI cars in 2020. BMW India registered sales of 6,092 units and MINI India of 512 units. Mr. Vikram Pawah, President, BMW Group India said, “BMW Group India has demonstrated resilience and determination in a tough environment full of new challenges. BMW India saw significant contribution of over 50% coming …

BMW India, Mini India: BMW Group India's total car sales decline 31.50 per cent in 2020
3 years, 11 months ago

BMW India, Mini India: BMW Group India's total car sales decline 31.50 per cent in 2020

India Today  

BMW Group India has reported a decline of 31.50 per cent in its total car sales to 6,604 units in 2020. BMW India's sales in 2020 were 32.31 per cent lower in comparison to 2019 when the company had sold 9,000 units. Contrary to BMW India and Mini India, BMW Motorrad's sales grew 6.66 per cent to 2,563 units in …

BMW Group India Launches Two Dealerships in Thiruvananthapuram, including Motorrad Division
3 years, 11 months ago

BMW Group India Launches Two Dealerships in Thiruvananthapuram, including Motorrad Division

News 18  

BMW Group India has announced the launch of the BMW Facility NEXT in Thiruvananthapuram. Based on the latest BMW Facility NEXT framework, the new facility showcases the range of both BMW cars and BMW Motorrad motorcycles. Vikram Pawah, President, BMW Group India, said, “BMW Group India has set a decisive course by establishing state-of-the-art dealerships facilities with customer centricity at …

BMW Group India to Hike Prices across Portfolio by up to 2 Percent in India from January 4
4 years ago

BMW Group India to Hike Prices across Portfolio by up to 2 Percent in India from January 4

News 18  

BMW Group India has announced that it will introduce the revised 2021 pricing for all BMW and MINI models across India effective from January 4, 2021. Vikram Pawah, President, BMW Group India said, “In an unprecedented year, BMW Group India has been focused on providing best-in-class products and unparalleled services to its esteemed clientele. From 4 January 2021, BMW Group …

2020 BMW G 310 R, G 310 GS BS-VI Bookings to Start in India from September 1
4 years, 3 months ago

2020 BMW G 310 R, G 310 GS BS-VI Bookings to Start in India from September 1

News 18  

BMW Motorrad India has announced the start of bookings for the new BMW G 310 R and BMW G 310 GS – the two largest selling premium motorcycles from the BMW Motorrad stable in India. Vikram Pawah, President, BMW Group India said, “BMW Motorrad India has built a very robust position among motorcycling enthusiasts in India. With the BMW G …

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