BMW announced the production of electric cars in India
Since India's automobile market has become the third largest in the world, various foreign companies are lining up investments in India. Two-wheeler or four-wheeler, companies are equally enthusiastic in all sectors. German luxury car maker BMW has announced plans to launch electric vehicles in India soon.
A BMW official was quoted by news agency PTI as saying that nine per cent of their total sales in India come from electric vehicles. Hence a target has been taken to increase it to 25% by 2025. It is also reported that the demand for the company's electric vehicles in India is increasing.
"One is volume, and the other is technology," BMW Group India president Vikram Pawa said in a recent interview. He added, “At the rate our business is growing, local manufacturing of electric vehicles in the country is essential. We are getting good response from this country”.
