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BMW Group India posts decade low volumes in 2020, registers 32 p.c decline in gross sales

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MUMBAI: Munich based mostly luxurious automobile maker BMW Group India posted a report 32% drop in gross sales in 2020 to 6604 vehicles as falling financial progress severely impacted the demand for top finish vehicles 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 firm had bought 11105 vehicles and 9641 vehicles and utility automobiles within the yr 2018 and 2019 respectively.

BMW Group India delivered 6,604 models of BMW and MINI vehicles in 2020. BMW India registered gross sales of 6,092 models and MINI India of 512 models. BMW Motorrad bought 2,563 bikes, the corporate stated in an announcement.

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

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

BMW India noticed a big contribution of over 50% coming from the regionally produced Sports Activity Vehicle (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 3 Series and the BMW 5 Series continued their conventional function as robust contributors within the sedan phase.

MINI India efficiently elevated its market share within the premium automobile phase regardless of the troublesome business situation. The model posted robust efficiency and progress within the final quarter of the yr. The regionally 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.

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