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Bmw Group India: BMW sold 13,303 units in CY23, which is a growth of 18% Y-o-Y. Sports Activity Vehicles (SAVs) contributed 54% of the total sales volume with 24% increase Y-o-Y. ....
Luxury Car Sales: There are positive signs of consumption of luxury in our society. People are spending on buying small ticket items like coffee from big brands, buying costly mobile phones on EMIs, which is again a depreciating asset like a car. Santosh Iyer, MD and CEO of Mercedes-Benz India shares how the landscape of luxury car market has evolved in the country over the years and what the market leader is doing to keep up with the latest trends. He expects this segment in India to grow to about 80,000 units by 2030. ....
BMW reports higher revenues of 74 billion euros for H1 2023, driven by integration of Chinese joint venture BMW Brilliance Automotive, increased sales, and pricing. EBIT rose 42.6% to 9.7 billion euros, but net profit fell to 6.6 billion euros due to BBA integration. R&D spending up 15.4%, focused on electrification and automated driving. ....