The German luxury carmarker on Tuesday said it will invest $50 million (about Rs 230 crore) to set up a financial services subsidiary to better serve its customers besides industry as a whole.
German luxury car maker BMW on Tuesday launched its financing arm in India with an investment of $50 million (about Rs 230 crore) to serve the credit needs of retail customers, fleet owners and dealers.
German luxury car maker BMW on Tuesday launched BMW Gran Turismo, BMW X6M and BMW 760Li and plans to ramp up capacity of its manufacturing plant at Chennai.
Luxury carmaker BMW India and ICICI Bank signed an agreement on Friday for offering financing solutions.
From attractive EMIs to assured buyback guarantees, luxury carmakers have lined up a slew of offers to woo customers this festival season to address dwindling sales amid rising inventories.
BMW India, a wholly-owned subsidiary of German auto major BMW, on Thursday said it is looking at tying-up with an India-based bank to provide financing facilities for its products to boost vehicle sales.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
Auto parts exports from India may see a slight slowdown as US President Donald Trump's 25 per cent tariff could increase car prices for buyers by 8-25 per cent, thereby affecting demand, experts believe.
Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
The Audi mobile showroom will tour 30 cities over the next two years.
With sales sagging despite discounts, car makers are now looking at value-added services to attract customers.
They either report a sales figure that shows clear signs of growth or future plans that indicate expansion in India.
Two years after it hitched a ride with Hero MotoCorp (Hero), Harley-Davidson (Harley) and the Pawan Munjal-led firm are gearing up to ride into the middleweight (midweight) motorcycle segment (350-850cc) in the world's largest two-wheeler market.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
Big bull's holdings cross Rs 7,200 crore (Rs 72 billion).
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
Industries with the highest number of top-rated companies at risk were hospitality/travel, media and entertainment, retail, financial services and consumer goods/manufacturing
Most say they will review their Make in India plans as prices may top pre-GST level
The company got back in the numbers game only in 2013.
The move will make it the first global automobile major to design a vehicle here
It's not easy to ignore the newspaper ads with Diwali offers.
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
GST rates would depend upon whether the commodity is used by a rich person or a common man
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Increase in taxes on luxury cars will not have any effect on the demand
Starting as a maker of hydraulic pumps, the Bengaluru-based company graduated to components for automakers like BMW and Audi, and then Airbus and Boeing
Why Kia is keen to drive into India? The Korean automobile maker plans to carve out a niche for itself in the crowded Indian market with its compact sedans and SUVs.
If you opt for a petrol variant, you will need to reapply for loan.
Turns down firm's plea for stay on CCI order; final order pending
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