Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
May 23, Wednesday 2018 12:54 AM       

       HEADLINES: V T Balram a heinous type that give likes to pedophilia                                              Nadir is not Maoist: Police agree finally                                              Lini wrote that heart-breaking letter from death bed                                              Lini's children await their mother                                              Kozhikode: Two more people die, Nipah virus suspected                                              Nipah: Dr. Kafeel Khan seeks permission to serve in Kerala                                              J&K: Eight-month-old infant killed in ceasefire violation                                              Yeddyurappa hints at foul play in K'taka polls, writes to poll panel                                              16-yr-old girl among eight killed in anti-Sterlite protest in TN                                              KCR greets Kumaraswamy ahead of swearing-in                                              '99.9%' chance Trump-Kim meet to take place in Singapore: S Korea                                              Priyanka Chopra visits Rohingya camps in Bangladesh                                              US will crush Iran: Mike Pompeo                                              Beijing's South China Sea bombers fly in the face of protests                                              Farhaan Behardien eager to return to Proteas squad                                              Sports Minister Rathore throws a fitness challenge to Indian citizens                                              FIFA WC 2018: The Big Names who didn't make the cut                                              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
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  
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
China to lift foreign ownership limits on automakers  
VW's new CEO asserts authority as sets out on road to reform  
Paris Motor Show 2018 to be trendsetter in showcasing futuristic technologies in automobile space  
Mahindra Electric, Zoomcar partner to offer self-drive EVs on rent  
Ford could make electric cars in Germany after 2023  
HMSI recalls 56,194 units of Aviator, Activa 125, Grazia  
Tesla recalls early model S vehicles over power steering bolts  
Jaguar Land Rover to test self-driving valet parking on Britain's streets  
Maruti Suzuki Devils Circuit becomes India's leading disruptive sporting property  
 
Will GST help decrease the petrol price?
yes
 
no
 
don't know
 
 
 
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