BMW cars have maintained the top position in 2010 in the luxury car segment pushing all its rival like Mercedes Benz, Audi and others back. This is the second consecutive victory for the German-based luxury car maker.
BMW India has reported that it saw a 73 percent growth in sales in the year. The sales have even exceeded the company’s target set at 4,200 units.
The company is now enjoying about 40 percent market share in the luxury car segment in India.
“In terms of the sales growth rate, India was among the top three markets for BMW after China, which saw over 80 per cent growth. India and Korea followed it (China) at around the same level,” BMW India President Andreas Schaaf was quoted as saying.
Further, the company expects the market to continue in the similar trend in this year also. “2010 was an exceptional year for BMW in India and I am not sure if we can repeat it, but the market will continue to grow and we want to stay number one, as we do not want to give up that position,” Schaaf added.
Schaaf also hinted that the company now has handful of orders for its luxury cars and hopes to remain in the same position next year also.