Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.
Ad

BMW’s X Series to soon contribute 50 per cent of overall sales

April 24, 2018, 03:50 PM IST by Nikhil Puthran
BMW’s X Series to soon contribute 50 per cent of overall sales

- X Series to contribute to 50 per cent of overall sales
- New X1 and 2019 X4 to be vital contributors from the X Series
- X Series currently contributes to 42 per cent of the overall sales

BMW, one of the leading premium car manufacturer in the country expects 50 per cent of total sales to come from the X Series product lineup. The growing demand for SUVs in the country is expected to aid with its overall sales numbers. Going by numbers, the X lineup has contributed to about 30 per cent of the overall sales and in the last three years, with the addition of the new X1 the X Series has contributed to about 42 per cent.

Going forward, the company speculates that the recently launched new X3 and the 2019 X4 will help the company in contributing to 50 per cent of sales from the X Series. Currently, the company sells the X1, X3, X5 and X6. All the SUVs are offered at a price range of Rs 34.5 lakh to Rs 1.3 crore. The price hike from April 2018 onwards is not expected to have considerable effect in terms of sales of the company’s product lineup in India. In the first quarter of 2018, the company had reported sold 2,377 units thereby witnessing a growth of 11 per cent. Due to a positive start this year, the company is reportedly looking at double-digit growth for the full year.

In the Budget for 2018-19, Arun Jaitley, Finance Minister had increased customs duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent. As for BMW cars in India, their prices have been increased in the range of 3.5-5 per cent from April. Speaking on the revision in taxation, Vikram Pawah, BMW Group India President said, “When such change happens, it impacts customer confidence to some degree. Having said that the market is still very small and the growth opportunities are still there, especially with us because of the new models that we are launching.”

  • BMW
  • bmw x3
  • x3
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
Ad

BMW X3 Price in India

CityOn-Road Prices
Mumbai₹ 67.76 Lakhs onwards
Bangalore₹ 71.99 Lakhs onwards
New Delhi₹ 66.3 Lakhs onwards
Pune₹ 69.04 Lakhs onwards
Hyderabad₹ 67.1 Lakhs onwards
Ahmedabad₹ 62.3 Lakhs onwards
Chennai₹ 68.66 Lakhs onwards
Kolkata₹ 62.25 Lakhs onwards
Chandigarh₹ 63.18 Lakhs onwards
  • Upcoming Cars

Audi New A6Audi New A6

24th Oct 2019

50L - ₹ 60L
Tata Tiago FaceliftTata Tiago Facelift

Oct 2019

4L - ₹ 7L
Nissan Leaf EVNissan Leaf EV

Oct 2019

30L - ₹ 35L
Mahindra e20 NXTMahindra e20 NXT

Oct 2019

6L - ₹ 8L
Honda HR-VHonda HR-V

Oct 2019

12L - ₹ 16L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in