Local production of electric vehicles a matter of time: BMW
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BMW eyes nine per cent of its total sales in India in the first half of 2023 from electric vehicles. The company hopes to reach 25 percent of this figure by 2025.
New Delhi. German luxury car maker BMW will locally produce its electric vehicles (EVs) in India. Giving this information, a senior BMW official said that production of electric vehicles in India is a matter of time. BMW eyes nine per cent of its total sales in India in the first half of 2023 from electric vehicles. The company hopes to reach 25 percent of this figure by 2025.
“As the volumes increase, like other products, we will localize them (EVs), and we will produce them (locally),” BMW Group India President Vikram Pawah told PTI. He said that there are two aspects to the localization of EVs in India. ‘The first here is the quantity and the second is the technology.’ Pavah said, “It is just a matter of time. There has to be some synergy in quantity and consistency.
Now we are seeing good signs. We have supplied only 500 cars of four models in the first six months. This is a small number from this point of view. But it is definitely growing rapidly.” He was replying to a question whether BMW has plans to produce the EV locally in India. BMW’s electric vehicles include the i7, ix, i4 mini SE.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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