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Market: BMW reports strong Q1 performance in India

Fiinews by Fiinews
April 10, 2024
in Markets
Reading Time: 2 mins read
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Bmw Group India

Luxury Class Leadership Propelled by BMW 7 Series, BMW i7 and BMW X7, says BMW.

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Pawah recorded Q1 car sales growth of +51%

BMW India has posted strong business performance in the first quarter (Jan–Mar) 2024, backed by a wide range of its activities – a manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurgaon NCR and development of a dealer organisation across major metropolitan centres of the country since 2007 it entered the market.

BMW delivered 3,680 cars (BMW and MINI) and 1,810 motorcycles (BMW Motorrad). BMW https://www.bmwgroup.com/en.html sold 3,510 units and MINI 170 units during the quarter.

BMW recorded +51% growth in car sales in Q1 (BMW + MINI), riding on high demand https://www.sidm.in/ for its Sports Activity Vehicles, Luxury Class and Electric Vehicles. Models like the BMW X7, BMW X3, BMW X1 and BMW 3 Series were sold-out.

BMW Group India President Vikram Pawah said on 8 Apr, “BMW has posted strong performance https://www.makeinindia.com/home/ in the first quarter of the year. Breaking earlier records, Q1 car sales achieved new heights with successful growth of +51%!

“Our firm leadership in the luxury electric car market remains undisputed thanks to the most diverse range of products. The exclusive BMW Luxury Class has also assumed a segment-leading position. Our key car models are at the top of their game and with significant new launches in the pipeline, we will raise the heat in luxury market.” Fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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