BMW Group reports 10% jump in India sales to 7,774 units during January-June
German premium car maker BMW Group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago,
The Group had sold 7,081 units of BMW and Mini brands of cars in India in the first of CY 2024.
Besides, the company also retailed 2,569 Motorrad brand of motorcycles during the period under review.
The company also said it continued its leadership position in the luxury electric vehicle sales in India with a massive 234 per cent year-on-year growth in volumes at 1,322 units of BMW and MINI EVs sold during the first half of the current calendar year.
The company sold 7,774 BMW and MINI cars and 2,569 motorcycles during the January-June period of 2025. Of this, BMW sold 7,477 units and MINI 297 units, it said in a statement.
"We are on a fast track, posting over 10 per cent growth despite a challenging environment as we continue to unfold new opportunities in the luxury segment," said Vikram Pawah, President and CEO at
BMW Group India
.
With the company's thrust on electric mobility, BMW Group India witnessed a phenomenal 234 per cent growth in EV sales, he added.
"Among SAVs (sports activity vehicles) as well as sedans, our long wheelbase luxury models are in great demand," Pawah said.
The BMW iX1 Long Wheelbase was the highest-selling electric car during this period, followed by the flagship BMW i7, the company said, adding that electric cars now hold 18 per cent share in total sales of BMW Group India.
The long wheelbase BMW models saw 159 per cent growth in the first half of the year. This includes the BMW 7 Series, 5 Series, and 3 Series, as well as BMW iX1.
BMW long wheelbase models
account for 47 per cent share in total sales, it said, adding that strategically positioning these models across its portfolio, BMW Group India proactively ascertained customers' needs and provided the ideal luxury product in each segment.
The BMW 5 Series was the highest-selling BMW sedan during H1, with close to 20 per cent share in sales.
Meanwhile, the BMW 3 Series retained the class-leading position in the Indian premium sedan segment, the company said.
It also said its 7 Series and i7 models are leading in their respective segments while the X7 has crossed over 5,000 deliveries since launch.
According to the company, its SAVs recorded a double-digit growth of 17 per cent in H1 2025. Compared to 56 per cent in Q1, their share in sales increased to 59 per cent in Q2, BMW Group said, adding that the X1 model was the highest selling SAV not just for BMW (over 30 per cent share in sales), but in the Indian premium compact segment.
The MINI brand of cars delivered 297 units in H1, 2025. With Mini Cooper S as the highest-selling model during the period, seeing a growth of over 60 per cent as compared to H1 2024.
Both Cooper S and the Countryman E models commanded almost equal share in sales, it said.
BMW Motorrad delivered 2,569 motorcycles in H1 2025. The BMW G 310 RR was the most popular smart-cc bike, it said and added that in the GS adventure world, the BMW 900 GS / GSA and the BMW 1300 GS / GSA models were the best-selling models.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
FMCG shares in focus; HUL, Dabur, Bajaj Consumer rally up to 8%; here's why
Fast moving consumer goods (FMCG) stock price today Shares of fast moving consumer goods (FMCG) companies were in focus today, with the BSE FMCG index gaining 1 per cent in an otherwise subdued market as the sector witnessed uptick in volumes and sequentially recovery in demand particularly in urban markets. Bajaj Consumer Care, Godrej Consumer Products, Dabur India, Jyothy Labs and Hindustan Unilever (HUL) were trading higher in the range of 2 per cent to 8 per cent in intra-day trade. Colgate-Palmolive, Emami, Marico, Britannia Industries and ITC were up 1 per cent each. At 10:27 AM; the BSE FMCG index, the top gainer among sectoral indices, was up 1.1 per cent, as compared to 0.09 per cent decline in the BSE Sensex. However, thus far in the calendar year 2025, FMCG index has underperformed the market by falling 2.2 per cent, as against 6.2 per cent rally in the benchmark index. Track Stock Market LIVE Updates Improvement in business performance Dabur India said during the April - June quarter (Q1FY26), the Indian FMCG sector witnessed a sequential recovery in demand with uptick in volume growth particularly in urban markets. With the refreshed strategic vision and favourable macroeconomic conditions such as above average monsoon, good agricultural output, easing inflation and consumption-focused government measures, Dabur India's management expects revenue growth to regain momentum and trend higher in the coming quarters. Godrej Consumer Products' management has maintained its stance of sequential improvement in the performance. For FY26 it expects high single-digit revenue growth with mid-to-high single digit volume growth on a standalone basis and double digit EBIDTA growth (with margins expected to improve in H2FY26). ICICI Securities expects soap sales volume to recover in H2FY26 with base getting normalised. India business is recovering and Africa is performing well post restructuring. The company has to revamp its strategy of Indonesia business to revive growth. Meanwhile, domestic beverage business will be a drag on Dabur's Q1FY26 performance. Improved rural demand and uptick in urban demand augurs well for the sector and recovery in Dabur's performance in the coming years. However, rising competition in some of the categories such as beverages, home care and oral care will keep a check on the recovery and the profitability in the coming quarters, the brokerage firm said in a note. Elara Capital view on FMCG sector FMCG demand remained steady in Q1FY26, though weak urban consumption and an early monsoon impacted summer-centric categories such as beverages and cooling products (hair oil and talc). A few companies are expected to benefit from pricing-led growth, particularly in essentials such as tea, biscuits, and oils, while others may face pressure due to weak summer sales and increased competition in oral care. Higher input costs are likely to weigh on margins, with most companies expected to report a contraction in profitability. Marico, Tata Consumer Products, Mrs. Bectors Food, and Britannia are likely to post double-digit revenue growth, driven largely by pricing in categories such as coconut oil, edible oil, tea, salt, and biscuits. Marico and Britannia are expected to deliver above-average volume growth, while Colgate, Emami, Dabur, and Varun Beverages may report a decline/flat growth in volume, impacted by weakness in the summer portfolio and heightened competitive intensity in toothpaste for Colgate, Elara Capital said in its Q1FY26 preview.
News18
21 minutes ago
- News18
Travel Food Services IPO Opens Today: Should You Subscribe? Check GMP, Price, Lot Size, Review
Last Updated: The price band of the Travel Food Services IPO, which aims to raise Rs 2,000 crore, has been fixed in the range of Rs 1,045 to Rs 1,100. Should I Subscribe To Travel Food Services IPO? The initial public offering of Travel Food Services Ltd opened today, Monday, July 7. The price band of the mainboard IPO, which aims to raise Rs 2,000 crore, has been fixed in the range of Rs 1,045 to Rs 1,100. Till 10:39 am on the first day of bidding on Monday, the issue received a 0.03 times subscription, garnering bids for 3,62,206 shares as against the 1,27,42,199 shares on offer. The retail and NII participation stood at 0.05x and 0.02x, respectively. The IPO's grey market premium remains very low at 2.73%, indicating flat listing or weak gains. The three-day IPO will be closed on July 9. Travel Food Services, founded in 2007, operates 397 quick service restaurants (QSRs) and airport lounges across 17 airports in India and Malaysia, with a portfolio of 117 in-house and partner brands. According to market observers, unlisted shares of Travel Food Services Ltd are currently trading at Rs 1,130 against its upper IPO price of Rs 1,100. It means a grey market premium or GMP of Rs 30, which is 2.73% over its issue price, indicating flat listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The basis of allotment of the Travel Food Services IPO will be finalised on July 10. Its listing will take place on July 14, on both BSE and NSE. Travel Food Services IPO Price And Lot Size The price band of the IPO has been fixed in the range of Rs 1,045 to Rs 1,100 apiece. Its minimum lot size is 13. It means investors will have to apply for a minimum of 13 shares or in multiple thereof. Retail investors require a minimum capital of Rs 13,585 to apply for the IPO. Travel Food Services IPO: Should You Apply? Most brokerage firms have given a 'subscribe for long-term' rating to the Travel Food Services (TFS) IPO, citing the company's strong positioning in airport-focused food services and its growth potential in India's expanding aviation and travel ecosystem. SBI Securities highlighted TFS as a 'proxy to the Indian aviation growth story", given its strong presence across major airport terminals and upcoming concessions at Greater Noida and Navi Mumbai airports. The brokerage noted that the company's brand portfolio includes a healthy mix of in-house and third-party QSR brands. 'At the upper price band of Rs 1,100, the stock is likely to trade at 39.9x FY25 EPS, which is at a discount to listed QSR companies. TFS has superior margins and return ratios along with a strong balance sheet. We recommend investors to 'subscribe' to the issue at the cut-off price," SBI Securities said. Canara Bank Securities is positive on the company's airport-centric model, citing its competitive moat created by global partnerships, strong brand equity, and high-traffic locations. 'From a valuation standpoint, the IPO is priced attractively, placed below the sector average and trades lower than the peer average in terms of price-to-book value (P/BV). Given its strong growth trajectory, first-mover advantage, and resilient business model in a niche, high-growth segment, we recommend a 'subscribe' rating for both listing gains and long-term investment," the brokerage added. Arihant Capital Markets also gave a 'subscribe' rating, pointing to TFS's market leadership in airport QSRs and lounges, operational efficiency, and a diversified brand mix. 'Ongoing expansion in domestic and international airports, along with digital initiatives to boost like-for-like sales, should drive sustained double-digit revenue growth. The issue is valued at a P/E ratio of 38.15 times, based on FY25 EPS of Rs 28.83 per share," the brokerage said. Ventura Securities noted that TFS operates a balanced brand mix across 37 in-house, 32 international, and 58 regional QSRs. Its revenue split is nearly even between lounges (52%) and QSRs (48%). 'TFS's primary operational costs include manpower and food, which are significant components of its expense structure. These costs play a key role in maintaining the company's service delivery across its operations. TFS is also expanding opportunities in expressway travel QSRs," Ventura said while giving a 'subscribe' recommendation. BP Equities emphasized TFS's long-term growth potential aligned with India's aviation trajectory and its strategic locations. 'The issue is valued at a P/E of 39.9 times, based on FY25 earnings, which represents a discount to listed QSR companies. Therefore, we recommend a 'subscribe' rating for the issue," it said. Travel Food Services IPO: Other Info The IPO is entirely an offer for sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust. The offer includes reservations for subscriptions by eligible employees. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. It raised nearly Rs 600 crore from anchor investors, days before its IPO opening for public subscription. Travel Food Services launched its first travel quick-service restaurant (QSR) outlet in 2009. It is promoted by SSP Group plc (SSP) and its affiliates SSP Group Holdings Ltd, SSP Financing Ltd, SSP Asia Pacific Holdings Ltd along with the Kapur Family Trust, Varun Kapur and Karan Kapur. SSP, an FTSE 250 company listed on the London Stock Exchange, is recognised as a global leader in the Travel Food & Beverage (F&B) sector based on revenue in 2024, as per the Crisil report. The Kapur Family Trust operates under the flagship brand K Hospitality, which oversees and invests in several hospitality and food service businesses, including Travel Food Services (collectively referred to as K Hospitality). Headquartered in Mumbai, Travel Food Services' portfolio features a diverse selection of food and beverage (F&B) concepts, including fast food, cafes, bakeries, food courts and bars, primarily located in airports and some highway locations. The company's presence spans 14 airports in India, including major hubs like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai, as well as three airports in Malaysia, as of June 30, 2024. Its QSR outlets are predominantly located within airports, with select locations along highways. It also operated 31 lounges in India and Malaysia as of the same date and expanded internationally by opening a new lounge in Hong Kong in July this year. The international brands include renowned names such as KFC, Pizza Hut, Wagamama, Coffee Bean & Tea Leaf, Jamie Oliver's Pizzeria, Brioche Doree, Subway, and Krispy Kreme. The regional Indian brands in its network feature popular chains such as Third Wave Coffee, Hatti Kaapi, Sangeetha, Bikanervala, Wow Momo, The Irish House, JOSHH, Adyar Ananda Bhavan and Bombay Brasserie. top videos View all Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India) Pvt Ltd, ICICI Securities and Batlivala & Karani Securities India are the book-running lead managers to the issue. The equity shares are proposed to be listed on the NSE and the BSE. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: July 07, 2025, 10:58 IST News business » ipo Travel Food Services IPO Opens Today: Should You Subscribe? Check GMP, Price, Lot Size, Review
&w=3840&q=100)
First Post
21 minutes ago
- First Post
Who is Vaibhav Taneja, the Indian-origin Tesla executive named treasurer of Elon Musk's new party?
Vaibhav Taneja, who currently serves as Tesla's chief financial officer, is crucial to Elon Musk's latest political venture, the newly launched America Party (AMEP). The Indian-origin executive, who has long been seen as one of Musk's closest confidants, has been named treasurer and custodian of records for the new party read more Vaibhav Taneja, the Indian-origin executive and Tesla's Chief Financial Officer, has been listed as both the Treasurer and Custodian of Records for the Musk's new America Party. Image courtesy: LinkedIn/@VaibhavTaneja Indian-origin executive Vaibhav Taneja, who currently serves as Tesla's Chief Financial Officer, has found himself at the heart of Elon Musk's latest political venture, the newly launched America Party (AMEP). According to official documents filed with the Federal Election Commission (FEC), Taneja has been listed as both the Treasurer and Custodian of Records for the party. Taneja took over as Tesla's CFO in August 2023 and has since been a key figure in Musk's leadership team. STORY CONTINUES BELOW THIS AD The development comes amid rising buzz about Musk's growing ambitions in politics. On Saturday, the billionaire took to his platform X (formerly Twitter) to announce the launch of a new political party, saying it was meant to 'give Americans their freedom back' and push back against what he called a 'one-party system' in the country. So, who exactly is Vaibhav Taneja, and what does his role mean for the future of Musk's new party? Here's a closer look. Who is Vaibhav Taneja? Vaibhav Taneja was born and raised in India. He completed his commerce degree from Delhi University, went on to become a Chartered Accountant in 2000, and later earned his Certified Public Accountant (CPA) credential in 2006. He began his career at PricewaterhouseCoopers (PwC), where he worked for 17 years across offices in India and the US, advising Fortune 500 clients on financial controls and IPO preparation. In 2016, Taneja joined SolarCity, the solar energy company founded by Elon Musk's cousins. After Tesla acquired SolarCity later that year, he transitioned to Tesla. By 2017, he was appointed Corporate Controller at Tesla. His rise was quick, he became Chief Accounting Officer in 2019 and took over as Chief Financial Officer (CFO) in August 2023 after the departure of Zach Kirkhorn. Now 47, Taneja oversees Tesla's global financial operations and has been a key player in the company's India strategy. In January 2021, he was appointed as the director of Tesla India Motors and Energy Pvt Ltd, the company's Indian subsidiary. Earlier this year, Taneja's lucrative paycheck made headlines. According to The Washington Post, he earned a staggering $139 million in 2024, including stock options and equity awards, placing him ahead of tech heavyweights like Microsoft's Satya Nadella and Google's Sundar Pichai in total earnings. What will be Taneja's role in Musk's America Party? With more than two decades of experience in finance, accounting, and global leadership, Vaibhav Taneja has long been seen as one of Elon Musk's most trusted lieutenants. Now, his influence appears to be expanding into the political space as well. According to paperwork filed with the Federal Election Commission (FEC), now widely shared on social media, the America Party lists its headquarters at 1 Rocket Road, Hawthorne. The filing names Musk as the party's sole candidate, while Taneja is listed as both the Treasurer and Custodian of Records, with a Texas-based address linked to him. BREAKING🚨: An FEC Form 1 has been filed under Elon Musk's name to establish the America Party, with Vaibhav Taneja listed as the Custodian of Records and Treasurer. — Officer Lew (@officer_Lew) July 6, 2025 In his role as treasurer, Taneja will be in charge of managing the party's finances, including accepting political contributions, ensuring compliance with campaign finance laws, handling regulatory filings, and maintaining accurate financial records. STORY CONTINUES BELOW THIS AD He will be responsible for keeping detailed documentation of every financial transaction the party makes, from contributions and loans to expenditures and debts. Musk had hinted at this political move back on July 1, shortly after Trump's ' Big, Beautiful Bill', a controversial tax and spending bill, was passed in the Senate. Posting on X, he wrote: 'If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.' If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE. — Elon Musk (@elonmusk) June 30, 2025 Though once aligned with Donald Trump, even heading Trump's short-lived Department of Government Efficiency (DOGE) and donating significantly to his 2024 campaign, Musk has since distanced himself, publicly criticising the spending bill. The fallout has reportedly led to rising tensions between the two, with Trump warning that the government might 'reconsider' its contracts with Musk's companies. Meanwhile, Trump was quick to mock the new party during a press interaction on Sunday. 'I think it's ridiculous to start a third party,' he told reporters before boarding Air Force One in Morristown, New Jersey. 'Starting a third party just adds to confusion. He can have fun with it, but I think it's ridiculous.' Taneja's appointment is perhaps the clearest sign yet that Musk plans to run this new political outfit much like his companies, keeping control within a small, loyal group of trusted executives. With input from agencies
