business / news / / The Economic Times
Luxury car sales in India rose by a modest about 3% from a year earlier in the March quarter.
Luxury car sales in India grew only 3% in Q1 2024, lagging mainstream market growth.
KEY POINTS
- BMW India outperformed the segment with a 17% sales increase, selling 4,567 vehicles in Q1.
- Electric vehicles accounted for 26% of BMW's Q1 sales, with EV sales rising 83% to 1,183 units.
- BMW plans to launch 25 new vehicles in 2024, including 10 MINI and 15 BMW models.
- BMW expects vehicles over Rs 40 lakh to reach 5% of total car sales by 2030.
COMPANIES
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