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BMW India expects rise in sales this year

BMW India expects rise in sales this year
PTI
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First Published: Thu, Feb 26 2009. 05 21 PM IST
Updated: Thu, Feb 26 2009. 05 21 PM IST
Mumbai: German luxury car maker BMW Thursday said that it is optimistic of clocking more sales in India in 2009 over the previous year despite the economic slowdown.
“This year, we will be selling more vehicles than in 2008. But, I can’t give any precise number without seeing the market response in the first quarter,” BMW India President Peter Kronschnabl told reporters here.
BMW India had sold 2,908 vehicles in 2008, up from 1,387 units in 2007. In January this year, the company sold 270 vehicles, which is likely to come down by around 70 units in February, he said.
Kronschnabl, who was here to launch sporty activity vehicle BMW X6, said that the year would be a challenging one for the Indian automotive industry, but the luxury car segment would be less impacted than other segments.
“We grew by over 100 % in 2008 over the previous year. This year, we will be targeting lower growth pattern as the luxury car segment is also affected by the slowdown,” he said.
“However, the segment will be less impacted. It is not possible for us to grow at that pace in the current year.”
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First Published: Thu, Feb 26 2009. 05 21 PM IST