German luxury carmaker BMW aims to introduce multiple models to lead the charge in the electric vehicle segment in the country, said a top company official. President of BMW India Vikram Pawah told ET customer acceptance of electric vehicles has been better than expected and the company expects 10% of its demand to come from […]
BMW expects EV sales to account for over 10 pc of total car sales in India by next year – EQ Mag Pro
German luxury carmaker BMW is expecting electric vehicle sales to account for over 10 percent of its total car sales in India by next year, as it accelerates its electrification journey in the country, a top company official said on Thursday. The company, which launched its all-electric sedan i4 in India at an introductory price […]
BMW exploring energy investments to reduce dependence on natural gas – EQ Mag Pro
Amid threats of an embargo on Russian gas, BMW is exploring new investments in solar, geothermal and hydrogen energy. BERLIN : BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the automaker’s production chief, Milan Nedeljkovic, told Reuters, warning an embargo on Russian gas would bring […]
BMW iX M60 electric SUV, with over 500 kms range, leaked ahead of global debut – EQ Mag Pro
BMW is all set to officially unveil the iX M60 electric SUV at the Consumer Electronics Show 2022 on January 5. The EV can reportedly generate around 600 hp, the highest in its range. BMW iX M60 is slated to make its debut at Consumer Electronics Show (CES) 2022 in Las Vegas in a few […]
BMW says lower import duties on EVs for some time can help in boosting demand, local manufacturing – EQ Mag Pro
Currently, India imposes 100 per cent import duty on fully imported cars with CIF (Cost, Insurance and Freight) value more than USD 40,000 and 60 per cent on those costing less than the amount. German luxury car maker BMW believes that reduction in import duties on electric vehicles (EV) for a limited time or for […]
Why did Ford and Rivian quit their electric vehicle alliance – EQ Mag Pro
A clearer explanation of it would aid the cause of EV development Breakups are tough—even amicable ones. But a reassessment usually lays bare the issues that inform the future. So it’s worth wondering about the relationship between the century-old Ford Motor Company and the recently-floated electric vehicle (EV) company Rivian Automotive Inc. It’s a shame. […]
BMW to launch three electric vehicles in next 6 months in India – EQ Mag Pro
The company will launch its technology flagship all-electric SUV iX in the next one month which will be followed by all-electric MINI luxury hatchback in 3 months German luxury car maker, BMW, on Thursday said it will launch three electric vehicles in the next 6 months in India to accelerate its electric mobility journey in […]
BMW calls for temporary import duty cuts on electric vehicles in India – EQ Mag Pro
“I think what we have been asking the government is to give us a three years window, reduce duties, create demand, then we can localize. Or may be they can give us a quantity window, say for selling 10,000 vehicles or something like that. These are the things, I think, are required for faster adoption […]
Electric vehicle battery startup ONE backed by BMW, Gates-led firm
Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft cofounder Bill Gates, the young company said on Monday. The round was led by Breakthrough Energy Ventures, the investment arm of Breakthrough […]
German auto giants place their bets on hydrogen cars – EQ Mag Pro
BMW is hydrogen’s biggest proponent among Germany’s carmakers, charting a path to a mass-market model around 2030. Battery power may be the front runner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW and Audi, which are developing hydrogen fuel-cell […]
