BMW scores record Asia sales
The Munich-based company said sales of BMW cars rose 18 percent in 2005 from the previous year to 95,116 units.Updated: Feb 16, 2006 12:19 IST
Germany's BMW, the world's biggest premium carmaker, said on Thursday it achieved a 17 per cent rise in sales in Asia in 2005 to a record 111,571 cars and reiterated its goal to hit sales of 150,000 by 2008.
The Munich-based company said sales of BMW cars rose 18 percent in 2005 from the previous year to 95,116 units, which it attributed to rising sales of its new 7 series model.
Sales of its popular Mini in Asia rose 10.7 per cent to 16,353 vehicles, while its ultra-luxury Rolls-Royce Phantoms sold 102 times in Asia -- four less than in 2004.
Sales of BMW motorbikes dropped 4 per cent to 3,662 units in 2005.
Japan, which accounts for the lion's share of sales in the region, recorded a 13.5 per cent rise to 58,800 units, while China showed the strongest growth rate last year, up 37.4 per cent to 31,600 cars.
BMW, the world's biggest premium carmaker ahead of DaimlerChrysler's Mercedes-Benz, expects to begin car production in India early next year at a 1 billion rupee plant in Chennai.
First Published: Feb 16, 2006 12:19 IST