Click it and Unblock the Notifications
Latest Updates
-
Delhi Building Collapse: 50-Year-Old PG Building Falls In Satya Niketan, What Happened? -
Mamitha Baiju Scores Hat-Trick With ₹200-Crore Hits In A Year: 5 Times Premalu Star Served Effortless Fashion -
Waking Up Multiple Times to Urinate? Doctor Explains When Nighttime Bathroom Trips Need Medical Attention -
Could Your Daily Soft Drink Be Affecting Your Liver? What Doctors Want Regular Consumers To Know -
Vaastu Tips For Children’s Bedroom: From Study Table Placement To Sleep Direction, Expert Shares Simple Rules -
Aja Ekadashi 2026: 6th Or 7th September? Know The Correct Date, Vrat Katha, Tithi And Rituals -
PCOS Is Getting Younger: Why More Teenagers Are Being Diagnosed Than Ever Before -
National Nutrition Week 2026: What To Eat To How To Eat — Expert Shares 7 Ayurveda Rules For Mindful Nutrition -
Kareena Kapoor's Power Dressing At ‘Daayra’ Trailer Launch: 6 Bollywood Actresses Who Owned The Blazer Trend -
Dahi Handi 2026: Why Govindas Form Human Pyramids And What The Tradition Really Means
BMW unveils new M3 coupe
In view of the strong growth of the Indian economy, it has a goal of annual sales of 2000 vehicles in 2008 and to extend it to 10,000 cars till the year 2010.
"BMW started in India in the year 2007 in March with our production house in Chennai, the hometown of BMW here in India. And we sold last year to our customers 1,387 cars. Last year's luxury segment sale was at about 4,300 cars, so our market share or segment share was about 30 per cent last year," said Peter Kronschnabl, president of BMW, India.
"This year in 2008, we believe that we can sell about 2000 cars to the customers. Mid term we would like to become the segment leader in the luxury segment. We believe that the luxury segment will grow till 2010 to about 10000 cars per year," he added. The BMW also opened its first showroom, KUN, in the city.
BMW's plant in Chennai is the group's fifth factory in Asia and will make 3 and 5 series BMWs exclusively for the Indian market. The Munich-based company is stuck to its goal of selling 150,000 cars in Asia, after sales in the region climbed 13.8 percent in 2006 to a record 126,949 vehicles.
Sales of its popular Mini in Asia rose 3.7 percent to 16,959 vehicles in 2007, while its ultra-luxury Rolls-Royce Phantoms sold 142 times -- 40 more than in 2005. Japan, which accounts for the lion's share of sales in the region, recorded a 5.6 percent rise to 62,068 units in 2007, while China showed the strongest growth rate in Asia in 2006, up 35 percent to 44,700 vehicles.
Sales in the premium segment -- which includes such brands as BMW, Mercedes-Benz, Lexus and Audi -- in Asia's third-largest economy reached 5,400 cars in 2006, the figure is expected to rise to around 10,000 by 2012.
BMW launches new M3 coupe in India
Continue with Google