Luxury carmaker BMW India and ICICI Bank signed an agreement on Friday for offering financing solutions.
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.
Apart from sales subsdiary in Delhi area, the company will build an assembly plant for BMW automobiles in Chennai and expand its leadership network to all metropolitan centres.
To meet the rising demand for its iconic brand Mini, German luxury carmaker BMW Group on Wednesday launched its British premium luxury small car in the 3-door and 5-door variants with petrol and diesel options.
A speeding BMW driver ran over a 62-year-old man near the Akshardham temple in East Delhi on Thursday morning. Om Dutt Chauhan was taking a walk near the Akshardham chowk when the BMW, which was trying to overtake a bike, hit him, said the police. The accident took place near the house of the deceased. The car overturned due to the impact. Three occupants of the car have been detained, the police said.
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BMW Group India is announcing a price increase of up to 5 per cent across the BMW and Mini product range effective August 15, 2013, according to a company statement.
BMW has partnered with three Indians who have created a mobile phone application called MyCityWay, which helps people find everything from a place to eat to the closest park to relax in.
The new BMW X1 has many visible changes including a new front and rear bumper, new door mirrors and redesigned tail lights on the exterior. In the interior, it has a redesigned console and silver finish on steering wheels.
'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.'
While Mercedes-Benz India expects 25 per cent of its India sales to come from EVs in the next four years, BMW says it estimates around 10 per cent of sales to come from those in the near future.
Bimmer loses out when it comes to ride quality.
"There is a huge potential in pre-owned car market in India and its a very lucrative business for us. Therefore, BMW India is planning to set up its pre-owned car selling business in September this year," said Andreas Schaaf, BMW India president commenting on this development.
BMW on Tuesday said the Indian market was yet to produce requisite business 'volumes' for the firm to set up a manufacturing unit in the country, but added that any moves now were exploratory and did not have a specific timeframe.\n\n
Luxury car maker BMW is skeptical of the viability of launching another brand 'Mini' in the country, a company official said.
Currently BMW sells more than a dozen models in India out of which eight assembled locally at its Chennai plant
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
The BMW X5 is the largest SUV one can buy with the famous blue and white logo from Bavaria.
Globally, the firm's motorcycle venture is known as BMW Motorrad and it will initially sell its products at three outlets in Delhi, Mumbai and Bengaluru.
Globally, the firm's motorcycle venture is known as BMW Motorrad and it will initially sell its products at three outlets in Delhi, Mumbai and Bengaluru.
The BMW 5-Series is the ultimate executive luxury sedan which blends excellent driving pleasure with uber luxury that too in a timeless design.The 5-Series F10 model, introduced in India in 2010 updated in 2013, is now available in the 530d M-Sport variant which is a slight departure from the normal 5-Series - as explored by Indian automobile website MotorBeam.com.
Sporting a compact four-cylinder, two-litre engine, this new sedan will be the smallest five-seater luxury saloon under the Jaguar brand.
Coupled with attractive offers and promising economic trends the carmakers are here to leave a mark.
After being crowned the second best car company in the luxury segment in India, Audi is ambitious to rule the Indian luxury car segment by the year 2015.
Passenger vehicles, motorcycles, bikes and commercial vehicles made their presence felt at the Munich Auto Show.
"At this point of time, our completely knocked down (CKD) operations are fully fulfilling the new regulations. We are paying 10 per cent duty... There will be no price hike," BMW India President Andreas Schaaf told reporters in New Delhi.
The strength of the plug-in hybrid lies, among other factors, in the perfect synchronisation of electric motor and combustion engine, which makes itself apparent in maximum efficiency and dynamics on the road.
German luxury car and bike maker BMW, which has been shying away from re-entering the Indian motorcycle market, is now looking to source parts for engines and chassis for its high-end two-wheelers from the country. BMW has started sourcing from India in a small quantity for cars as well, like software parts and has been closely working with vendors such as Mico Bosch and Conti.The BMW group on Tuesday reported a net profit of 3.13 billion euros in 2007.
Sources said that BMW India is not going to upgrade its flagship 7 Series sedan in 2012.
A 42-year-old Indian-origin man in the United States was shot and killed by police in San Antonio after he struck two officers with his vehicle as they were trying to arrest him in connection with an aggravated assault case against a woman.
The petrol variant offers 16.28kmpl mileage and the diesel offers 20.58kmpl.
German carmaker BMW AG has unveiled its longer, lighter version of its core 3-Series midsize car.
Heidfeld, 30, and Kubica, 22, have scored 71 points between them this season with BMW now 38 points clear of fourth placed Renault in the constructors' championship.
On January 10, 1999, Sanjeev Nanda allegedly ran over six people with his black BMW while driving in an inebriated state.
BMW, the German luxury carmaker, plans to take on its Asian rivals - Toyota, Honda, Hyundai - with the core strategy of making customised cars from its flexible production lines to stay ahead in its century-old luxury marquee business.
BMW Sauber have ruled out using test driver Sebastian Vettel for Friday practice at grand prix weekends for the time being as they challenge McLaren and Ferrari.
German luxury car manufacturers, Mercedes Benz and BMW, will soon venture into the used car business in the country. While Mercedes, which has been in India for more than a decade, is announcing its plans for used cars today, BMW is expected to follow suit in a couple of months.
Sunil Laxman Kulkarni, who was dropped as a witness by the prosecution after a volte-face at the outset of his testimony, has been recalled to record his statement afresh on May 14.
BMW plans to launch its two-seater roadster 'Z4' in India in October. It has also sought regulatory approval for incorporating a finance subsidiary to serve the credit needs of retail customers, fleet owners and dealers.
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