BMW Thinks Premium Car Sales in India Will Reach 1 Lakh Units by 2020


Frank Schloeder, Director, Marketing, BMW India, explained that the segment, which comprises cars priced above Rs 25 lakh, was hardly between 1-1.5 per cent of total car sales at about 30,000-35,000 units per year and would scale up to 1 lakh in five years.
Mr Schloeder further added that BMW has been constantly registering 'good growth' in India backed by the BMW Group's investment of Rs 4.9 million so far. The company currently has a manufacturing facility in Chennai, a parts warehouse in Mumbai, and a training centre in Gurgaon. With nearly 50 per cent localised components, a total of 9 models (8 BMW + the MINI Countryman) are manufactured at the BMW Chennai plant.
The German luxury carmaker launched its plug-in-hybrid sports car, BMW i8, in India this year. As far as future plans go, BMW intends to launch the new BMW 7 series and a small SUV in the first quarter of 2016 that will be put up for display at the 2016 Auto Expo in February.
Related News
Popular BMW Models
Latest Cars
- Maruti Suzuki
VictorisExpected Price₹‚¹ 11.93 - 23.19 Lakh - VinFast
VF7Expected Price₹‚¹ 24.23 - 29.57 Lakh - VinFast
VF6Expected Price₹‚¹ 19.13 - 21.22 Lakh - Citroen
Basalt XExpected Price₹‚¹ 8.72 - 13.21 Lakh - Mercedes-AMG
CLE 53Expected Price₹‚¹ 1.45 Crore - Renault
TriberExpected Price₹‚¹ 5.76 - 8.6 Lakh - MG
M9 EVExpected Price₹‚¹ 81.08 Lakh - BMW
2 Series Gran CoupeExpected Price₹‚¹ 48.72 - 50.76 Lakh - Tesla
Model YExpected Price₹‚¹ 69.47 - 78.75 Lakh - Kia
Carens Clavis EVExpected Price₹‚¹ 20.87 - 28.41 Lakh
Upcoming Cars
Trending News
Latest News
- car&bike Team | Sep 24, 2025Baja Pulsar NS400, Dominar 400 Prices Remain Unchanged Post GST HikeAs with the Triumph 400 series and the KTM 390 series, Bajaj Auto has chosen to absorb the additional cost of its Pulsar NS400 and Dominar 400 to keep prices unchanged post GST 2.0.1 mins
- car&bike Team | Sep 24, 2025Aprilia SR-GP Replica 175 Launched In India At Rs 1.23 LakhSpecial Edition SR175 scooter gets a livery inspired by Aprilia’s 2025 MotoGP race bikes.1 mins
- Jaiveer Mehra | Sep 24, 2025New Hero Xtreme 160R Combat Edition Leaked Ahead Of LaunchShowcased at a dealer event, the Xtreme 160R 4V features a redesigned headlight, new instruments display and more.1 mins
- car&bike Team | Sep 23, 2025Ultraviolette X47: In PicturesThe X47 is priced at Rs 2.49 lakh for the first 1,000 customers, post which, it will cost Rs 2.74 lakh (both ex-showroom).3 mins
- Jaiveer Mehra | Sep 23, 2025Renault Kwid 10th Anniversary Edition Launched: Entry Hatchback Updated With More Safety FeaturesAside from the new 500-unit limited-run special edition, Renault has updated the Kwid with new variant nomenclatures and safety kit.1 mins
- Amaan Ahmed | Sep 23, 2025Ultraviolette X47 Electric Motorcycle Launched At Rs 2.49 Lakh; Features Advanced Rider Assistance SystemsBased on the F77, the X47 has been dubbed a ‘crossover’ by Ultraviolette Automotive; introductory price valid only for the first 1,000 customers.3 mins