First BMW 7 Series rolls out from India plant in Chennai
BMW India launched the new 7 Series last month for a starting price of Rs 92.90 lakhs. At the launch, Philipp von Sahr, President, BMW Group India had said that they will soon begin the local production of their premium luxury sedan from their plant in Chennai. Today, they rolled out the first locally produced 7 Series.
Luxury car manufacturers in India are focusing on increasing the number of models which are offered as locally produced. This helps them to reduce the price of their products substantially as compared to the cars sold as CBUs and offer a competitive price. Luxury car market in India is expected to double in size by 2015 to 50,000 units. As the demand increases, Audi, BMW, Mercedes Benz and Jaguar Land Rover are getting ready to sell more cars that are locally produced.