BMW India started the production of the new 5-Series at its Chennai plant this week. The car, which was launched in April this year, is priced between Rs 38.9 lakh and Rs 58 lakh, and comes in both petrol and diesel versions. BMW Plant Managing Director, Juergen Eder, said in a statement that the 5-Series would further increase the company’s Read More...

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• Filed Under: BMW

Mercedes-Benz India has overtaken rival BMW by posting higher sales in the January-April 2010 period. According to the Society of Indian Automobile Manufacturers (SIAM), Mercedes sold 1,644 units in the first four months of 2010, compared to BMW’s 1,621 units. In calendar-year 2009, BMW had for the first time dethroned Mercedes as the leading Read More...

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• Filed Under: BMW, Mercedes-Benz

Luxury car company BMW India has launched a new version of its 5-Series sedan, priced between Rs 38.9 lakh and Rs 45.9 lakh (ex-showroom, Delhi). The company has not increased the new variants’ prices, thus maintaining a competitive edge over the other cars in the segment – the Mercedes E-Class and the Audi A6. Outgoing BMW India President, Read More...

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• Filed Under: BMW

German auto company BMW is planning to start sourcing car components from India within the next two years. The company already sources motorcycle components including gears and castings from India. Mr Klaus Draeger, Member of Board of Management, BMW, said at a conference in Munich recently that the company would use its purchasing office in India Read More...

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• Filed Under: BMW

German luxury car company, BMW, has appointed Mr Andreas Schaaf as the new head of its Indian operations. Mr Schaaf, who is currently Vice President – Sales and Marketing, BMW Group Korea, will replace Mr Peter Kronschnabl in India in May 2010. BMW India made great strides under Mr Kronschnabl, who succeeded in making it the number-one luxury car Read More...

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BMW India will open its first pre-owned car showroom in Chennai next month, followed by another in Gurgaon in the second half of 2010. Mr Peter Kronschnabl, President of BMW India, said that the company would eventually extend its used car business – BMW Premium Selection – to all major cities in India. Under the new venture, pre-owned cars will Read More...

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• Filed Under: BMW

BMW India will soon be launching the latest version of its sedan, 5-Series, in the country. The new 5 Series will be introduced in the global market later this month, and will come to India shortly thereafter. However, the company still hasn’t decided on the pricing of the car in the Indian market. BMW Global Director (Marketing and Planning) Read More...

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• Filed Under: BMW

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...

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• Filed Under: Audi, BMW, Land Rover

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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• Filed Under: BMW

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...

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• Filed Under: Audi, BMW, Mercedes-Benz

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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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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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...

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• Filed Under: BMW, Mercedes-Benz

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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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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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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• Filed Under: Audi, BMW, Chevrolet, Ford, Honda, Hyundai, Mahindra, Mahindra Renault, Maruti Suzuki, Mercedes-Benz, Porsche, Tata, Toyota

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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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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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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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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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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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...

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• Filed Under: Audi, BMW, Jaguar, Land Rover, Tata

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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• Filed Under: BMW

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...

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• Filed Under: Audi, BMW, Jaguar, Lamborghini, Land Rover, Mercedes-Benz, Rolls-Royce

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...

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• Filed Under: BMW, Chevrolet, Hindustan Motors, Honda, Mitsubishi, Toyota