BUSINESS
BMW’s pricing is quite competitive, with Hyundai Santa Fe coming for about Rs21 lakh, Toyota Fortuner for about Rs20 lakh and the recently launched Skoda Yeti at about `15 lakh for the base version.
Owning a Beemer has never been more affordable.BMW on Thursday launched a petrol version of its compact SUV ‘X1’ at a base price of Rs22 lakh, with diesel variants coming for Rs23.9 lakh and Rs29.9 lakh. The prices are ex-showroom.
BMW’s pricing is quite competitive, with Hyundai Santa Fe coming for about Rs21 lakh, Toyota Fortuner for about Rs20 lakh and the recently launched Skoda Yeti at about `15 lakh for the base version.
With such pricing, it is no wonder that BMW is hopeful of making X1 its largest selling model in India this year.
BMW India president Andreas Schaaf said that he had every intention of maintaining BMW’s number one position in the luxury car market. “We will do our utmost to stay No. 1 ...we expect X1 to become our biggest volume model in 2011.”
As on date, the Series 3 and 5 sedans are its biggest volume models in this country. The 3-series begins at Rs23.95 lakh whereas the 5-series starts at Rs38.9 lakh. Schaaf said there were already 1,000 pre-bookings for the X1 and that the company was sold out till March next year.
The X1 comes in a 1.8 litre petrol option and two variants of the 2 litre diesel. BMW has launched 2-wheel drives for each variant and the diesel variants can go from 0-100 kmpl in 8.3 seconds flat. The company claims that the petrol X1 drives for 11.25 km to a litre whereas the diesel ones go 15.24 km.
To a question on capacity expansion, Scaaf that production at its Chennai assembly has been raised to 8,000 units a year from 5,400 earlier and more capacity would be added if required.
The company has managed to stay marginally ahead of arch rival Mercedes Benz India all through 2010, selling 5,345 Beamers against 5,109 Mercs between January and November this year.
On the overall growth of luxury car segment in India, Scaaf said it is expected to almost double to 15,000 units this year. “If the market continues to grow at 25 per cent, in ten years time India will be among the top 10 markets of BWM globally.”
On plans to enter the premium bike market in India, he said BMW has not yet started the business, although some bikes are already in India and deliveries are expected to start by the first week of January.
Kangana Ranaut opens up about 'groupism, bullying' in film industry: 'If I do anything...'
Indo-Pak couple Seema Haider, Sachin Meena welcome baby girl, WATCH viral video here
Volodymyr Zelenskyy speaks with US President Donald Trump, says THIS about ceasefire with Russia
Viral video: LKG students prepare tea in school, internet calls it 'wholesome'; WATCH
Watch: MS Dhoni turns into 'Animal' for Sandeep Reddy Vanga; channels inner Ranbir Kapoor
Who in India will buy Tesla? The cost of Elon Musk's cheapest car is Rs...
Is Pakistan's existence at stake? Why did Army chief Asim Muneer warn-Battle for country's survival?
Welnax BioClear Reviews - Does It Work? Real Truth Exposed
Naga Chaitanya admires THIS about Sobhita Dhulipala: 'I keep joking that she should...'
Meet Tanmay Srivastava, Virat Kohli's U19 World Cup teammate set to make umpiring debut in IPL 2025
Katrina Kaif's trainer Yasmin Karachiwala shares 6 exercises for toned legs
Priyanka Chopra turns heads at Mumbai airport in a Rs 1 lakh Dior co-ord set
Importance of Youth Empowerment In Building a Stronger India
PM Modi shares his fasting routine for a healthy lifestyle: 'I eat only one meal within...'
Anand Mahindra remembers meeting Sunita Williams three years ago, cracks 'Uber' joke
Who Can Benefit From Physiotherapy At Home? A Complete Guide
Brightening the Future: Drumil Joshi's Al innovation energizes loT with solar power
WATCH VIDEO: 'SATTU' arrives at ED office with Lalu Prasad Yadav! DETAILS here
New Zealand vs Pakistan, 3rd T20I: Check new match start time, streaming platform and more
Former Microsoft CEO Bill Gates visits Parliament, meets JP Nadda, Ashwini Vaishnaw, here's why
IIT Roorkee declares GATE 2025 results: Check step-by-step guide to access scorecards and more
'CHUTIYARAM' to hit Delhi soon? Why has it triggered controversy?
Ensure accurate tax calculations with a GST calculator
Who is Faheem Khan? Arrested mastermind of Nagpur violence, granted police custody till...
'Bal sant' Abhinav Arora mocked in Vrindavan with his signature phrase: 'Mujhe farak nahi padta'
Esha Deol opens up on dating rumours with Ajay Devgn: 'Some may be true...'
'Like it or not they are...': EAM S Jaishankar finally breaks silence on use of tariffs, sanctions
'Swagatam Sunita': Anand Mahindra welcomes NASA astronaut after her safe return to earth, recalls...
Meet Than Singh, police constable who grew up in slum, now runs free school for underprivileged kids
A 286-Day Space Odyssey: 'Tears and fears and feeling proud' as Williams, Wilmore return from Space
Zahan Kapoor misses grandfather Shashi Kapoor, says he didn’t see…: ‘He passed away before…’