April 19, 2021

BMW Group India posts decade low volumes in 2020, registers 32 % decline in gross sales

MUMBAI: Munich primarily based luxurious automobile maker BMW Group India posted a report 32% drop in gross sales in 2020 to 6604 automobiles as falling financial progress severely impacted the demand for prime finish automobiles available in the market. A 50 days nationwide lockdown, pulled down the German luxurious automobile makers volumes to its lowest within the final one decade in India.

This was a second consecutive yr of double digit decline in gross sales for BMW Group in India. The corporate had offered 11105 automobiles and 9641 automobiles and utility autos within the yr 2018 and 2019 respectively.

BMW Group India delivered 6,604 items of BMW and MINI automobiles in 2020. BMW India registered gross sales of 6,092 items and MINI India of 512 items. BMW Motorrad offered 2,563 bikes, the corporate mentioned in a press release.

Reviewing the efficiency of 2020, Vikram Pawah, President, BMW Group India mentioned, the corporate has demonstrated resilience and dedication in a troublesome atmosphere full of latest challenges.

“With enhancing macroeconomic indicators and shopper confidence, BMW Group India picked up momentum with outstanding effectivity and vigour. We registered robust outcomes on the finish of a really tough yr and propelled our phase share considerably within the Indian luxurious automobile market. We’re wanting in direction of 2021 with renewed confidence and optimism,” added hopeful Pawah.

BMW India noticed a big contribution of over 50% coming from the domestically produced Sports activities Exercise Automobile (SAV) vary together with the BMW X1, the BMW X3 and the BMW X5. The newly launched BMW X7 skilled robust demand throughout areas. The BMW three Collection and the BMW 5 Collection continued their conventional position as robust contributors within the sedan phase.

MINI India efficiently elevated its market share within the premium automobile phase regardless of the tough business situation. The model posted robust efficiency and progress within the final quarter of the yr. The domestically produced MINI Countryman commanded a share of over 40% in gross sales. The MINI hatch and the favored MINI Convertible contributed over 23% every to the gross sales.