21/01/2021

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BMW Group India posts decade low volumes in 2020, registers 32% decline in sales, Auto News, ET Auto

MUMBAI: Munich centered luxurious auto maker BMW Team India posted a document 32% fall in...

MUMBAI: Munich centered luxurious auto maker BMW Team India posted a document 32% fall in gross sales in 2020 to 6604 automobiles as falling financial advancement severely impacted the desire for higher conclusion automobiles in the market. A 50 days nationwide lockdown, pulled down the German luxurious auto makers volumes to its most affordable in the final one decade in India.

This was a next consecutive year of double digit decline in gross sales for BMW Team in India. The business had offered 11105 automobiles and 9641 automobiles and utility vehicles in the year 2018 and 2019 respectively.

BMW Team India delivered 6,604 models of BMW and MINI automobiles in 2020. BMW India registered gross sales of 6,092 models and MINI India of 512 models. BMW Motorrad offered two,563 motorcycles, the business reported in a assertion.

Examining the performance of 2020, Vikram Pawah, President, BMW Team India reported, the business has demonstrated resilience and willpower in a tough environment total of new troubles.

“With strengthening macroeconomic indicators and buyer confidence, BMW Team India picked up momentum with impressive effectiveness and vigour. We registered sturdy outcomes at the conclusion of a very hard year and propelled our phase share noticeably in the Indian luxurious auto market. We are on the lookout toward 2021 with renewed confidence and optimism,” added hopeful Pawah.

BMW India saw a major contribution of about 50% coming from the regionally developed Sports activities Activity Motor vehicle (SAV) selection including the BMW X1, the BMW X3 and the BMW X5. The newly launched BMW X7 experienced sturdy desire across areas. The BMW three Series and the BMW five Series ongoing their standard job as sturdy contributors in the sedan phase.

MINI India efficiently improved its market share in the top quality auto phase irrespective of the hard marketplace circumstance. The brand name posted sturdy performance and advancement in the final quarter of the year.

The regionally developed MINI Countryman commanded a share of about 40% in gross sales. The MINI hatch and the well-liked MINI Convertible contributed about 23% each to the gross sales.