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August 2019
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Deepa Malik joins Bajrang for Khel Ratna, cricketer Jadeja among 19 for Arjuna        Mary Kom recuses herself from Saturday's sports award meeting        Trump says Apple will spend 'vast sums' in US        Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park        Modi arrives in Bhutan on two-day visit        Hong Kong protest tensions heat up in Australia        Separatists vacate key offices in Yemen's Aden: Minister        Fire at AIIMS, 22 fire tenders rushed        Soldier killed in Pak firing along LoC in J-K's Rajouri        Jaitley on life support; Nitish, Piyush Goyal and others visit AIIMS        Ravi Shastri reappointed head coach of Indian team till 2021        Archer strikes as Australia slump to 80-4 in second Ashes Test        Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators        Myanmar, Bangladesh schedule Rohingya repatriation        2 Israelis, Palestinian assailant hurt in West Bank car ramming: army        Sensex, Nifty edge higher on stimulus talks; post weekly loss        Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki        Airtel shareholders approve waiver in recovery of excess pay to Mittal        Kashmir remains shut for 12th consecutive day        We would like to give little time: SC on plea seeking removal of restrictions on media in J-K        
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Business News
Evaluating new s for Indian market: BMW
 
New Delhi, Jul 25 (PTI) German luxury carmaker BMW is evaluating options of launching new products, including electric vehicles, in India in next few years, a top official said on Thursday.

The company, which on Thursday introduced two models -- all new sports activity vehicle X7 and new version of 7 Series sedan -- in the country, however added that the new product launches would depend on market conditions.

"We have around five products planned for the coming years. Which one of those is better for India or at what time the launch will happen, I don't know," BMW Group India President Hans-Christian Baertels told PTI.

He further said, "ideally, we want to have them all and early but we will have to see a business case, see an environment that allows it to happen..and that is what we are basically evaluating on a weekly basis."

The number of models would go up significantly if the company's global portfolio of hybrid models is also included, Baertels noted.

When asked if the company planned to launch electric vehicles in the country, he said, "of course. In Europe people have accepted electric cars and now we are witnessing the same thing happening in India...our policy is to be ready and we have electric vehicles in our global portfolio...we are now in the process of figuring out which model makes sense and by when it could be introduced etc."

Depending upon the market dynamics and the government policies, the company would be ready to "switch the button" and be ready in no time, he added.

Terming the April-June quarter as tough, Baertels said the period did not work out as per the company's sales expectations.

"We are still swimming against the current. The numbers we planned (to sell) were very optimistic so we have tried to remain calm and this (slowdown) is not going to stay forever," he added.

The company launched its flagship sports activity vehicle X7 in India on Thursday priced at Rs 98.9 lakh (ex-showroom).

It also introduced the all new version of its 7 Series sedan with petrol and diesel engines priced in the range of Rs 1.22-1.34 crore.

Besides, the company has introduced a plug-in-hybrid variant of the 7 Series sedan priced at Rs 1.65 crore (petrol) and Rs 2.42 crore (diesel).

BMW India said it will locally produce diesel variant of X7 from its Chennai plant while importing the petrol version as a completely built-up unit (CBU).

Both petrol and diesel versions of the model are priced at Rs 98.9 lakh each.

"The first ever X7 opens up a brand new dimension in luxurious driving pleasure and is designed to elevate every moment of the journey," Baertels said.

The new model is the largest sports activity vehicle ever built by BMW. The petrol variant produces 340 horsepower (hp) and accelerates from 0-100 km/hr in just 6.1 seconds.

The diesel version produces 265 hp and accelerates from 0-100 km/hr in just seven seconds.

The height of X7 could be increased or decreased by air suspension. Other features include five zone automatic air conditioning.

Baertels said the 7 Series sedan is also being introduced as a plug-in hybrid variant in India for the first time "symbolising BMW's pioneering lead in future mobility".


Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
Sensex tanks over 418 points amid Kashmir uncertainty
Law which allowed circulation of Rs 1000 notes in 1999 scrapped
JM Financial arm to raise up to Rs 500 cr
RBI imposes Rs 50 lakh fine on SBI
Trump warns China of substantial increase in import tariffs
RBI imposes Rs 11 cr fine on seven PSBs for violating norms
NTPC chief for setting up of clean power projects without PPAs
Gold prices up marginally; silver tumbles by Rs 590 per kg
D K Mohanty assumes charge as RINL's director
JSPL supplies 1.26 LT rails to Indian Railways
Fiscal deficit touches Rs 4.32 lakh crore in Q1
CBI books Rolls Royce in corruption case
KERALA NEWS
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INTERNATIONAL NEWS
Modi arrives in Bhutan on two-day visit
 Paro: Prime Minister Narendra Modi received a red-carpet welcome as he arrived in Bhutan on Saturday
Hong Kong protest tensions heat up in Australia
Separatists vacate key offices in Yemen's Aden: Minister
Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators
NATIONAL NEWS
Fire at AIIMS, 22 fire tenders rushed
 New Delhi: A fire broke out at the AIIMS here on Saturday evening and 22 fire tenders were rushed to
Soldier killed in Pak firing along LoC in J-K's Rajouri
Kashmir remains shut for 12th consecutive day
We would like to give little time: SC on plea seeking removal of restrictions on media in J-K
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