Showing posts with label BMW. Show all posts
Showing posts with label BMW. Show all posts

Thursday, June 4, 2020

BMW India resumes operations in Chennai plant with 50 pc workforce

BMW India resumes operations in Chennai plant with 50 pc workforce



Chennai: German luxury carmaker BMW on Monday, June 1 said it has resumed operations in accordance with the government guidelines. Consumers can once again safely explore and experience the complete range of BMW, MINI and BMW Motorrad products at company dealerships, BMW Group India said in a statement.
“Production at the Chennai plant has resumed with less than 50 percent of the regular workforce catering to the production demand in the country,” it added.
“It brings us great joy to finally restart operations at our dealerships, plant, and corporate office. Customers and prospects can now explore, test-drive and purchase their favorite vehicles in a safe and sanitized environment at our dealerships,” BMW Group India acting President Arlindo Teixeira said.
The company continues to see an increase in demand for 3 Series, X1 and Mini Countryman, it added. The company’s Chennai facility will be instrumental in fulfilling this market demand, he added.

Tuesday, April 28, 2020

Volkswagen, BMW, Mercedes take online sales route amid pandemic

Volkswagen, BMW, Mercedes take online sales route amid pandemic




New Delhi: German automakers Volkswagen, BMW and Mercedes on Monday said they have introduced online sales initiatives in India in order to help customers book vehicles from the safety of their homes amid the coronavirus pandemic.
Volkswagen said it is digitising its sales and service portfolio, enabling customers with the flexibility to choose their preferred model at their comfort and convenience.
The online retail process is simple, hassle-free and provides an end-to-end contactless experience, the company said in a statement.
From a customer displaying interest, to a conversation with the sales consultant up till the vehicle handover process, will be conducted virtually, the automaker added.
“With the launch of our simple, secure and user-friendly online retail platform, we are pushing the boundaries of end-to-end retail sales and strengthening our commitment to customers,” Volkswagen Passenger Cars India Director Steffen Knapp said.
Volkswagen has integrated its 137 sales and 116 service touchpoints, enabling customers to choose their preferred dealership while booking online.
Luxury carmaker BMW also said it has rolled out a unique contactless experience for its customers in India.
The ‘BMW Contactless Experience’ enables customers to explore and buy new and pre-owned BMW cars, book vehicle service, make payments online.
“Amidst the current pandemic situation, we have successfully transformed our business processes and put in place various measures to effectively and efficiently serve our existing customers and prospects by leveraging new-age digital technologies,” BMW Group India Acting President Arlindo Teixeira said.
As business dynamics evolve post the current COVID -19 pandemic, the initiative will play a crucial role in offering seamless sales and aftersales services to existing and new customers, he added.
Similarly, Mercedes-Benz India said it has further developed its online sales platform and announced a host of new customer initiatives under the campaign ‘Merc from Home’.
The initiative focuses on the ease of purchasing a vehicle using digital tools to facilitate the entire process, including online payment of products and services.
“The customers now can not only explore, select and make online payment for our products and services from the comfort of their homes, but can also get their Three Pointed Star delivered right at their doorsteps, as per their convenience,” Mercedes-Benz India MD and CEO Martin Schwenk said.
Honda Cars has also announced an online sales platform which it plans to integrate with its pan-India dealerships.
Hyundai Motor India has already integrated its entire sales network of over 500 dealerships across the country with its recently introduced online sales platform.

Monday, April 13, 2020

BMW profits slump as legal woes, investment costs bite

BMW profits slump as legal woes, investment costs bite
                                   
                                    BMW profits slump as legal woes, investment costs bite
Munich: German carmaker BMW reported a 29-percent drop in profits in 2019 on Thursday, blaming heavy legal costs and high investments in a challenging economic environment.
Despite record revenues of 104 billion euros (USD 115.4 billion), driven by strong sales of its highest-end models, net profit amounted to just 5.0 billion euros, the company said in a statement.
The drop comes despite a two percent increase in the number of cars sold.
The figures took a big hit in the first quarter from a 1.4-billion-euro provision set aside in connection with EU antitrust proceedings.
The European Commission has accused BMW, Volkswagen and Daimler of avoiding competition with each other on technologies that reduce harmful emissions.

Investment in research and development, especially on electric models, also contributed to the drop in profits, as did the higher manufacturing costs from a growing proportion of electric vehicles.
For BMW, 8.6 percent of cars sold in the European Union in 2019 were electric or hybrid.
The group aims to roughly double that figure by 2021. It also plans to offer 25 electrified models by the end of 2023, half of which will be fully electric.
Under new EU regulations, carmakers must limit their fleets to an average of 95 grams of CO2 per kilometer by 2021 or face hefty fines — a target that will be impossible to achieve without clean-energy electric vehicles.