The locally-produced BMW X5 is one of the best selling models for the car-maker in the domestic market, and the latest version of the SUV will compete with the likes of Mercedes-Benz GLE, Volvo XC90, Range Rover Velar, Porsche Cayenne and the Audi Q7.
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.
Gujarat, Telangana to roll out policies to encourage manufacturing
'Localisation saves a lot of time and cost for them. Keeping an eye on a long-term market, this is the best way these car-makers can build momentum for their brands.'
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
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Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
Mercedes Benz, BMW and Audi have sharply increased their sourcing from India.
'We know the situation has worsened in the valley, but we are taking the first step.' 'We have lost 30 years of our life. We do not want to wait any longer.' 'The political class always said, you come down to Kashmir.' 'So, we are going to be there and we are going to demand a place to stay.' 'After all, it is our own land.'
In the past four months, launches of luxury and super luxury cars have sped ahead of non-luxury ones.