DriveInside.com | Thursday February 25, 2010
Tata Motors-owned Land Rover raced past German luxury-car maker BMW in premium SUV sales in January 2010. While Audi India sold the maximum number of premium SUVs in the month at 114 units, Land Rover jumped to second place with a sale of 35 units, as against BMW’s 16 units. Land Rover’s biggest advantage over its German competitor is its cheaper Read More...
DriveInside.com | Thursday February 4, 2010
BMW India may soon start leasing out cars to individual customers not interested in buying luxury cars at ex-showroom prices. The company will lease out cars for specific periods of time, after which customers will be required to return the cars to the company. The cars can then be re-sold in the market. BMW India is already leasing out cars to Read More...
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DriveInside.com | Thursday February 4, 2010
German automaker, Mercedes-Benz, which fell behind BMW in the luxury car segment in India last year, managed to regain its number one position in January 2010 by selling 403 cars. BMW sold 341 cars in the same month, while Audi sold 306.
Mr Wilfried Aulbur, Mercedes-Benz India Managing Director and Chief Executive, told media persons that even Read More...
DriveInside.com | Thursday January 7, 2010
Luxury car company BMW has hiked the prices of its models in India by up to Rs 4.3 lakh. The base variant of the 3 Series (petrol version) is costlier by Rs 40,000, up from Rs 26.9 lakh last year to Rs 27.3 lakh this year. The top-end variant of the car has seen a price hike of Rs 50,000, and will now sport a price tag of Rs 33.4 lakh. The base Read More...
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DriveInside.com | Tuesday January 5, 2010
BMW India this week launched three new models in the country – the BMW Gran Turismo, Sports Activity Coupe BMW X6 M and the BMW 760Li, priced at Rs 63 lakh, Rs 1.30 crore 1.29 crore respectively. BMW India President, Mr Peter Kronschnabl, told mediapersons at the 2010 Delhi Auto Expo that the company is planning further capital investment in the Read More...
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DriveInside.com | Monday January 4, 2010
Mercedes-Benz India has launched two news models in the country, a day before the 2010 India Auto Expo is scheduled to begin in New Delhi. The first of these is an SUV – the GL 350 CDI – priced at Rs 64.9 lakh (ex-showroom, Delhi). It features Mercedes’ BlueEfficiency Technology, and has a fuel efficiency of 10.75 km/litre. The second is the S 500 Read More...
DriveInside.com | Monday November 30, 2009
German luxury car company BMW will be launching its smallest Sport Activity Vehicle (SAV), the X1, in India in 2011. The X1 was launched globally in October 2009, and is available in a number of petrol and diesel engine configurations. It is expected to be priced between Rs 25 lakh and Rs 35 lakh in India.
The company is also planning to Read More...
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DriveInside.com | Wednesday November 4, 2009
German luxury car company BMW reported a 73.8 per cent fall in its net profit in the third quarter of 2009, compared to the corresponding period last year. The situation is expected to get better in last quarter of 2009. According to BMW’s forecast, total sales this year will be 10-15 per cent lower than sales in 2008. In spite of the BMW Group’s Read More...
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DriveInside.com | Wednesday November 4, 2009
In marked contrast to last month’s Tokyo Motor Show, the Delhi Auto Expo to be held in January 2010 is attracting automakers from all over the world. Media reports say that though there are still two months left for the Expo, the venue – Pragathi Maidan - is already fully booked. The Auto Expo will begin on January 5, and will go on for a week. Read More...
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DriveInside.com | Monday October 12, 2009
BMW India today launched its two-seater sports-car, the Z4 Roadster, at a price of Rs 59 lakh (ex-showroom). The car, powered by a 2,979cc petrol engine, will help BMW expand its presence in the country. The President of BMW India, Mr Peter Kronschnabl, told media persons that the Z4 is targeted at car-buyers who can appreciate a pure driving Read More...
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DriveInside.com | Sunday October 4, 2009
BMW India will launch its new convertible, the Z4, in Mumbai on October 12, 2009. The Z4 will further strengthen BMW's position in India's luxury car market. The German company currently sells two convertible car models in India - the BMW M3 and the BMW M6. The Z4 is expected to be priced at Rs 50-60 lakh. BMW hopes to sell at least 30-40 units of Read More...
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DriveInside.com | Thursday September 3, 2009
German luxury car manufacturer BMW has decided to bring its financial services business to India, at an investment of Rs 250 crore. The new venture will be called BMW Financial Services India, and will be set up in Gurgaon by May 2010. The company will provide financing to BMW customers, and will operate as a Non-Banking Financial Company (NBFC). Read More...
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DriveInside.com | Monday August 24, 2009
Luxury car company BMW India will look at capacity expansion in the country only after the 3,000-unit production capacity of its Chennai facility is fully utilised. The company expects sales from this plant to cross 3,000 units by 2011. Peter Kronschnabl, BMW India President, told media persons that the company's current capacity is enough to meet Read More...
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DriveInside.com | Monday August 17, 2009
Luxury car company BMW has surprised the auto industry by posting a 14 per cent growth in sales in the January-July period in 2009. The carmaker sold a total of 2,008 units in the given period, as against 1,763 units sold in the same period last year. Peter Kronschnabl, President BMW India, told media persons that the company is number one in the Read More...
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DriveInside.com | Saturday July 25, 2009
Luxury car brands Jaguar and Land Rover, launched in India on the 28th of June 2009, have already established a sizeable market in the country. A total of 27 models of the two companies have been sold in as many days, Land Rover accounting for 15 of these. There are only 2 outlets where JLR vehicles are currently available – the Tata Motors Read More...
DriveInside.com | Tuesday July 21, 2009
BMW India is planning to introduce its high-end Motorrad motorcycles in the country. Peter Kronschnabl, President of BMW India, said that the company is currently analysing the market situation and will take a decision depending on whether or not it is a viable option to bring its luxury bikes to India. Motorrad bikes will be priced at over Rs 10 Read More...
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DriveInside.com | Thursday July 16, 2009
A recent survey conducted by research firm Synovate says that India is among the top few countries in the world where luxury cars are more popular than ‘green cars’. India comes second in the list, with 47 per cent respondents choosing luxury cars, and 30 per cent choosing environment friendly cars. South Africa, where 53 per cent respondents Read More...
DriveInside.com | Tuesday July 7, 2009
Several car makers in the country have slashed car prices following the announcement of the budget this week. The budget has reduced the excise duty on cars with engine capacities exceeding 2000cc by Rs 5,000 per unit. The duty on petrol-run trucks has also gone down from 20 per cent to 8 per cent. Hindustan Motors was the first company to act Read More...
DriveInside.com | Sunday June 28, 2009
Luxury car company BMW India has already sold 1,700 cars this year and looks all set to reach its 2009 sales target of 3,000 units. It had sold 2,908 units in 2008. Exceeding all expectations, the company has grown at 10 per cent in 2009, as against the paltry industry average of 2 per cent. BMW India currently manufactures its highest selling Read More...
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DriveInside.com | Friday May 15, 2009
Luxury car maker BMW India has raced past Mercedes-Benz by selling 1,232 cars in the country in the January-April period. Mercedes, on the other hand, could sell only 1,014 units in the same period, thus losing its number one position in the luxury car segment. The third highest selling luxury car brand in India is Audi, its Jan-Apr sales being Read More...
DriveInside.com | Monday May 4, 2009
German car company BMW will be launching the two-seater Roadster Z4 in India in the second half of 2009. The luxury sports car can attain a maximum speed of 250 km/h and is expected to be priced between Rs.50-60 lakh. The company will also introduce new variants of its recently launched 7 Series in June this year. BMW India crossed Mercedes-Benz Read More...
DriveInside.com | Monday April 13, 2009
Luxury car makers Mercedes-Benz, BMW and Audi are offering all kinds of allurements to potential customers in India to maintain their high sales figures. The luxury car segment saw the highest growth in car sales last fiscal – 34 per cent. A number of these car companies are now offering interest free loans on their products to counter the effects Read More...
DriveInside.com | Saturday April 4, 2009
German luxury car maker BMW has left behind its closest competitor, Mercedes-Benz, by selling a larger number of cars in the luxury segment in both January and February 2009. Mercedes-Benz has so far been the undisputed leader in the luxury car segment in India. The company had started local assembly operations almost a decade ago, thus making it Read More...
DriveInside.com | Tuesday March 31, 2009
German luxury car maker, BMW, has decided to hike the price of the 5 Series by Rs.60,000 - 70,000. The price hike will be applicable to both the petrol and the diesel variants of the car and has come at a time when other luxury car manufacturers like Mercedes-Benz and Audi are cutting prices. BMW’s sales in India have risen by a considerable Read More...
DriveInside.com | Wednesday March 4, 2009
Car manufacturers Ford, Mahindra & Mahindra (M&M) and Tata Motors are anticipating an increase in demand for their SUVs in the next three months, for use during election rallies and campaigns. The companies have started restocking their dealerships with the Tata Safari, the Mahindra Scorpio and the Ford Endeavour which are the most popular cars Read More...