business / news / / Times of India
BMW Group India expects limited impact from India-EU Free Trade Agreement.
BMW Group India expects minimal impact from the India-EU FTA due to high local assembly.
KEY POINTS
- Only about 5% of BMW cars sold in India are imported as completely built units.
- BMW's EV sales in India grew 83% year-on-year, capturing over 70% luxury EV market share.
- BMW anticipates EVs will make up 30% of its India portfolio by 2030.
- BMW's rapid EV market response is enabled by six-month lead times and production kit stockpiling.
COMPANIES
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