BMW is expected to record its best-ever sales in the Indian market this calendar year, as a result of strong customer demand in the premium sector. Vikram Pawah, EO BMW Group India, stated that they “hope to record our best-ever sales since inception” this year.
With the sale of 10,405 automobiles in India 8,876 BMW India vehicles were sold in 2021, the firm recorded its biggest yearly sales to date in 2018. The German luxury automobile manufacturer anticipates at least a 40% increase in domestic sales in 2022. Demand for its electric vehicles, including the iX, i4, and MINI Electric, has exceeded expectations.
The SUV iX and sedan i4 allotted batches from BMW India are completely sold out. According to Pawah, the all-electric MINI is sold out through the first quarter of 2023. While research is still being done to determine if it is feasible to assemble electric automobiles locally. EVs presently pay a 5% lower GST rate in India.