The Germany based leading luxury car maker BMW said on Tuesday that it is expecting to register a global growth of over 2.7 percent in the sales of year 2011. The company is aiming to sell over 15 lakh cars globally during the year, including a double digit growth in the Indian market. It is to be mentioned here that BMW India had managed to sell 6,246 units of its cars in India in year 2010. The company however maintained that it has no plans to setting-up a full-fledged plant in the Indian market as volumes in this market are still relatively low.
Speaking to the reporters in Munich on Tuesday, BMW Chairman Norbert Reithofer said, "We sold 1.46 million vehicles globally in 2010 and plan to sell more cars in 2011 than before - significantly more than 1.5 million. We aim to reach new record sales with all three brands, BMW, Mini and Rolls-Royce."
The company has increased the capacity of its Chennai plant to 10,000 units from previous capacity of 8,000 units. Further elaborating the company’s plans in the Indian market, BMW Director (Marketing) Ian Robertson said, "We think India has reached to a position where market would be developed very quickly. Now, there is a good momentum. The Indian economy is also in a good shape."
