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EVs are emerging as the new choice for long-distance travel: BMW's Hardeep Singh Brar
Electric vehicles are increasingly replacing diesel for longer journeys in India. BMW India reports a significant rise in electric vehicle sales, now comprising 26 percent. The company anticipates electric vehicle sales to reach forty percent by the year 2030. This transition is driven by fuel price increases and improved EV range. BMW plans to offer electric options across its entire vehicle portfolio soon.
Why KPIT Tech shares crashed 15% today: The BMW & Volkswagen connection explained
KPIT Technologies shares fell after the company warned of an unexpected slowdown in revenue from European auto clients, likely including BMW and Volkswagen. In a Q1FY27 update, the firm said it now expects a ~1% YoY revenue decline, citing sudden cutbacks by European OEMs following weak earnings outlooks.
BMW to launch 27 products in India this year, eyes No. 1 spot
BMW Group India is launching 27 new models this year, aiming to solidify its position as the top luxury carmaker. The company is focusing on expanding its portfolio and meeting customer demand, expecting strong double-digit growth. MINI sales are also projected to significantly increase, with plans for network expansion.
Five companies will see shares worth ₹1.15 lakh crore free up for trade today; Details here
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
Luxury carmakers hope West Asia ceasefire will lift consumer sentiment
A ceasefire in West Asia is set to boost India's luxury car market. Top executives from Mercedes-Benz, BMW Group, and Audi anticipate customers delaying purchases will now return to showrooms. Companies have stocked parts to manage supply chains. This development is expected to improve buyer sentiment and drive sales in the coming months.
Steel player BMW Inds partners with IOC for PNG supply at Bokaro facility
Under the partnership, IOC will supply PNG to the plant, enabling Kolkata-headquartered BMW Industries to transition towards cleaner energy sources and improve operational efficiency while reducing the carbon footprint of its manufacturing processes. Shares of BMW Industries ended 2.6% lower at ₹33.46 on the BSE today, March 5.
Why KPIT Tech stock crashed as BMW, Volkswagen spending cuts bite; what should investors do now?
The slowdown and spending cuts at European auto giants such as BMW and Volkswagen have highlighted a key risk for engineering and R&D firms such as KPIT Technologies: customer concentration and the cyclicality of automotive technology spending.