Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 26, Wednesday 2018 12:19 AM       

       HEADLINES: P K Sasi controversy: Evidence collected from 6 persons                                              Violinist Balabhaskar’s daughter dies in accident                                              Man throws away Karunya lottery ticket, friend grabs it                                              Tamil movie incites murder in Thiruvananthapuram                                              Thejaswi Balabhaskar, child born after long years of wait                                              Rahul Gandhi a 'directionless leader', Cong creating campaign based on lies: Javadekar                                              Amit Shah to attend BJP workers meet in Jaipur on Wednesday                                              Pak won't abandon peace efforts despite India's reluctance: Qureshi                                              Maldives government acknowledges opposition victory                                              Trump's latest tariffs on China begin to bite                                              China says can't hold US trade talks with 'knife to the throat'                                              I'm a 'scapegoat' says sacked Sri Lanka captain Mathews                                              Test cricket should not be tinkered with, says Kohli                                              Kaumudi Facebook
       AUTOMOBILE Next Article: First years’ service for smallest Rolls-Royce  
       BMW expects 50% of sales in India to come from X series SUVs
 
         Posted on :15:17:39 Apr 22, 2018
   
A A
       Last edited on:15:17:39 Apr 22, 2018
         Tags: BMW, 50% sales, India, X series SUVs
 

NEW DELHI: German luxury carmaker BMW expects 50 per cent of sales in India to come from SUVs under its X series, according to a top company official.

The company, which posted 11 per cent growth in sales of BMW range of vehicles in the first quarter of 2018 at 2,377 units, also said it is looking at double-digit growth for the full year despite challenges of price hike due to increase in customs duty.

"The X format is a very important format for us because if you look at it, it has contributed to about 30 per cent of our sales in the last 11 years," BMW Group India President Vikram Pawah told PTI.

More importantly, in the last two or three years, it has contributed about 42 per cent of the company's sales since the launch of new X1, he added.

At present, BMW sells four models under the X series - X1, X3, X5 and X6 - at a price range of Rs. 34.5 lakh to Rs. 1.3 crore.

Last week, the company had launched all-new version of X3 priced at Rs. 49.99 lakh and Rs. 56.7 lakh (all prices ex-showroom).

Going forward, Pawah said, "What I expect is that with the X3 coming in and with the new X4 next year, clearly we should be looking at 50 per cent of sales coming through the X format."

In order to expand the luxury vehicle market in India, he said, "These are the models which will grow the market for us."

When asked about expectations in 2018, he said BMW India is looking forward to "a very strong performance" having already clocked 11 per cent growth in the first quarter.

"We have already had a flying start to the year...We firmly believe that we will end the year with a strong double-digit growth," he added.

On the possible impact of price rise following the customs duty hike, Pawah said: "When such change happens, it impacts customer confidence to some degree. Having said that the market is still very small and the growth opportunities are still there, especially with us because of the new models that we are launching."

BMW India has increased prices of its vehicles in the range of 3.5-5 per cent from April.

In the Budget for 2018-19, Finance Minister Arun Jaitley had increased customs duty on CKD (completely knocked down) imports of motor vehicles, motor cars, and motor cycles from 10 per cent to 15 per cent.

The government had also raised customs duty on specified parts/accessories of motor vehicles, motor cars, and motor cycles from 7.5 per cent to 15 per cent.

A A
       AUTOMOBILE
Next Article: First years’ service for smallest Rolls-Royce
 
 
AUTOMOBILE HEADLINES
Gill holds on to lead in Maruti Suzuki Dakshin Dare  
Honda Navilution sale crosses one lakh mark  
Tata Motors plans to roll out 10-12 new passenger vehicles in next 5 years  
Harley seeks alliance for lightweight bikes to grow India business  
Maruti Suzuki to Recall 1,279 units of new Swift and Dzire models  
Hyundai to drive in an electric SUV in India next year  
New Fiat Chrysler boss set to stay on course in post-Marchionne era  
Passenger vehicle sales rise 38% in June; car sales up 34%  
Hyundai crosses 8 mn cumulative production milestone in India  
India could have 10 million CNG vehicles on roads by 2025: Report  
Apple signs deal with Volkswagen for driverless cars  
Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
 
Do you agree with KCBC's statement against nuns who protested?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy