MUMBAI: Munich based mostly luxurious car maker BMW Group India posted a history 32{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} drop in sales in 2020 to 6604 cars as slipping economic advancement seriously impacted the demand from customers for high conclude cars in the sector. A 50 times nationwide lockdown, pulled down the German luxurious car makers volumes to its cheapest in the past one particular decade in India.
This was a second consecutive yr of double digit drop in sales for BMW Group in India. The enterprise experienced offered 11105 cars and 9641 cars and utility vehicles in the yr 2018 and 2019 respectively.
BMW Group India sent six,604 models of BMW and MINI cars in 2020. BMW India registered sales of six,092 models and MINI India of 512 models. BMW Motorrad offered 2,563 motorcycles, the enterprise mentioned in a assertion.
Reviewing the effectiveness of 2020, Vikram Pawah, President, BMW Group India mentioned, the enterprise has demonstrated resilience and dedication in a hard setting whole of new difficulties.
“With enhancing macroeconomic indicators and consumer self-confidence, BMW Group India picked up momentum with outstanding performance and vigour. We registered potent outcomes at the conclude of a quite complicated yr and propelled our segment share noticeably in the Indian luxurious car sector. We are on the lookout toward 2021 with renewed self-confidence and optimism,” included hopeful Pawah.
BMW India noticed a substantial contribution of around 50{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} coming from the domestically created Athletics Activity Auto (SAV) array such as the BMW X1, the BMW X3 and the BMW X5. The freshly launched BMW X7 experienced potent demand from customers throughout locations. The BMW 3 Series and the BMW 5 Series continued their classic job as potent contributors in the sedan segment.
MINI India productively greater its sector share in the top quality car segment inspite of the complicated industry circumstance. The brand posted potent effectiveness and advancement in the past quarter of the yr.
The domestically created MINI Countryman commanded a share of around 40{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in sales. The MINI hatch and the well known MINI Convertible contributed around 23{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} each and every to the sales.
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