India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline
India saw 11.9 per cent increase in deal volume (year-on-year) in the January-October period, bucking the overall trend in the Asia-Pacific region, a new report has said.
Luxury car maker BMW Group has unveiled its electric car i3s and hybrid vehicle i8 Roadster along with a slew of other top-end models at the Auto Expo 2018.
BMW Group India president Vikram Pawah said the i3s is aimed at the “new era of green mobility” and is designed to exceed the toughest demands of urban mobility. The i3s has an electric range of up to 280 kms.
“At present, the BMW Group India is contemplating the market feasibility of bringing the all new i3s to India. The Indian government has outlined a vision of e-mobility very clearly and they are rapidly moving towards full-electric at a really fast pace,” he told reporters.
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He added that e-mobility is also the central pillar of BMW Group’s future vision of the world.
Pawah pointed that the plug-in hybrid electric vehicles is the first step towards the eventual move to complete electric mobility and the launch of the i8 Roadster is a step in that direction. The i8 Roadster, which is an open-top two- seater, will be launched in India later in 2018.
Cricket icon Sachin Tendulkar launched BMW’s 6 Series Gran Turismo Sports Line that will be priced at Rs. 58.90 lakh (ex-showroom). The diesel version of the vehicle will be launched in the second half of the year.
The German auto maker also launched M5 that will carry a price tag of Rs. 1,43,90,000 (ex-showroom). It also unveiled the X3 that will be launched in India later in the year.
“Even though last year for the Indian automotive industry was full of challenges… but we successfully overcame these headwinds and registered double-digit growth,” Pawah said.
BMW India sold 9,379 units, clocking a growth of 25 percent, he added.
“We are very confident of continuing this momentum and our primary goal is to grow the luxury vehicle market in India,” he said.
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