BMW Group India unveils four new products including 2 EVs
The Hindu
BMW Group India introduces new electric mobility products including BMW 5 Series, MINI Cooper S, MINI Countryman, and BMW CE 04.
BMW Group India has introduced four new products in an attempt to build its electric mobility and premium luxury car portfolio in the country. These include the eighth generation all-new BMW 5 Series Long Wheelbase at an ex-showroom price starting from ₹72.90 lakh, the latest version of MINI Cooper S starting at ₹44.90 lakh ex-showroom, the all-electric MINI Countryman starting at ₹54.90 lakh ex-showroom, and the BMW CE 04 – India’s first premium electric scooter by BMW Motorrad India – at an ex-showroom price starting ₹14.90 lakh.
Deliveries of all these products will commence from September 2024.
Locally produced at the BMW Group Plant in Chennai, the all-new BMW 5 Series Long Wheelbase is available exclusively as a petrol variant.
Vikram Pawah, President and CEO, BMW Group India said, “More comfortable, more digital and more dynamic, the all-new BMW 5 Series Long Wheelbase provides a completely new expression of modernity, presence and clarity, featuring unparalleled space and luxurious comfort. It is tailor-made to suit the requirements of our premium clientele in India, and offers exceptional comfort and versatility for any occasion, business or personal, urban or long-distance travel.”
The electric MINI will be available as a completely built unit and has a range of 462 kms. This will add to BMW’s electric car portfolio.
The all-new BMW CE 04, manufactured in Berlin comes with a lithium-ion battery with net capacity of 8.5 kWh, which provides a range of 130 km and energy consumption of 7.7 kWh/100 km.
The urban electric scooter will be available as a completely built-up unit (CBU) in select metropolitan cities in India. Deliveries will commence from September 2024. Mr Pawah said, “The all- new BMW CE 04 is the beginning of a whole new era of electro-mobility at BMW Motorrad India. It is the new electric star, made for the city.”
Bangladesh asks Adani Power to resume full supplies from Jharkhand plant amid payment disputes and low demand.
Rupee strengthens to 86.84 against the dollar amid trade war fears, market volatility, and RBI intervention.
WazirX announced the completion of its asset rebalancing process and urged investors to support its restructuring scheme.
Vespa introduces luxury scooter portfolio in India, unveiling special editions inspired by Indian artistry and opulence.
Dentzz Dental utilizes AI for precision care, leading to increased efficiency, accuracy, and patient satisfaction in dental treatments.
Former CEA Arvind Subramanian critiques RBI policies, fiscal framework, income tax cuts, and weak private investment in India.
President Trump imposes 25% tariffs on steel and aluminium imports, affecting India and prompting concerns over trade relations.
CEA highlights Southern States' economic prowess, urging benchmarking against global standards and emphasizing need for skill improvement.
The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.
IHCL unveils Taj Bandstand luxury hotel project in Mumbai after 17 years, set to be iconic landmark.
Government and LIC selling majority stake in IDBI Bank, with due diligence process underway for potential investors.
Prime Minister Modi's meetings with President Trump may lead to tariff reductions on U.S. goods like pecan nuts.
President Trump announces 25% tariff on steel and aluminium imports, minimal impact on Indian steel industry.