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Sales of BMW Group India surged 17% year-on-year to 4,567 units.
BMW Group India achieved 17% sales growth despite a luxury car market slowdown in Q1 2024.
KEY POINTS
- BMW accounted for all luxury segment growth; excluding BMW, the segment declined by 3%.
- BMW's EVs made up 26% of its Q1 sales, with 83% year-over-year EV growth.
- BMW holds a 70% market share in India's luxury electric vehicle segment, led by the iX1 model.
- BMW plans to launch 27 new products in India in 2026, with four already launched in Q1.
COMPANIES
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