Business Economy


BMW targets 1,000 vehicle sales in UP this year

Lucknow, Oct 16 (UNI) BMW Group India is targeting sales of more than 1,000 vehicles in Uttar Pradesh this year, up from 900 units sold last year, as the luxury automaker sees the state emerging as one of its fastest-growing markets.
The luxury automaker is expanding its presence in the region with the inauguration of its largest Retail.NEXT showroom in the country in Lucknow and the launch of MINI cars in the city, signals growing demand for premium and electric mobility in the state.
Hardeep Singh Brar, President and CEO of BMW Group India, said the company has recorded its highest growth in Uttar Pradesh and is witnessing rising demand for luxury and electric vehicles.
“Lucknow is an important luxury market, with customers increasingly seeking brands that reflect their individuality and aspirations. Since 2012, BMW has shaped this market through a compelling portfolio, exceptional experiences and a strong local presence,” Brar said in an interaction.
He said BMW had a leading position in the luxury electric vehicle segment in Uttar Pradesh, with EVs accounting for around 26% of the company's sales this year. The share is expected to exceed 30% next year, he added.
Brar said the company's electric vehicle portfolio is benefiting from growing consumer preference for progressive, sustainable mobility and the strength of our electric portfolio"
He further said that MINI with its unmistakable style, spirited performance and distinctive character, is a natural fit for Lucknow’s refined taste and appreciation for self-expression.
"Together with Speed Motorwagen, we are strengthening the power of choice by bringing BMW, MINI and BMW Motorrad under one roof, supported by personalised attention and seamless ownership support,”he added.
The new Retail.NEXT facility, operated in partnership with Speed Motorwagen, brings BMW, MINI and BMW Motorrad under one roof, offering customers access to the group's premium automobile and motorcycle brands, along with integrated sales and aftersales services.
Brar said MINI's entry into Lucknow would bring the brand's distinctive design and driving experience closer to customers in Uttar Pradesh.
Divij Narain, Dealer Principal, Speed Motorwagen said, “The arrival of MINI marks a significant milestone for Speed Motorwagen and discerning automotive enthusiasts in Lucknow. Alongside BMW’s progressive luxury and BMW Motorrad’s spirit of freedom and adventure, MINI adds a distinctive new dimension to our portfolio."
"Our team is committed to bringing each brand to life through thoughtfully curated product discovery, expert consultation and comprehensive aftersales care. We look forward to nurturing passionate communities across all three brands and ensuring every customer interaction is as memorable and individual as the mobility experience they choose," he added.
UNI MBD ATP AAB
More News

Truzon clean energies bags Rs 236-crore solar EPC Order for 72 MW projects in Maharashtra

16 Oct 2026 | 8:26 PM

Hyderabad, Oct. 16 (UNI) Hyderabad-based Truzon Clean Energies Pvt. Ltd., formerly Suntek Energy Systems Pvt. Ltd., on Friday announced that it has secured a Rs 236-crore engineering, procurement and construction (EPC) order from Hariom Power & Energy Pvt. Ltd. for 72 MW of ground-mounted solar projects in Maharashtra.

see more..

UPSIDA Kursi Road emerging as major manufacturing hub, produces 24 lakh bottle caps daily

16 Oct 2026 | 7:45 PM

Lucknow, Oct 16 (UNI) The UPSIDA Kursi Road industrial area is emerging as a hub for food processing, beverages and allied manufacturing, with industries generating employment and strengthening local supply chains.
Among the units driving this growth is Hilltop Traders Private Limited, a major manufacturer of polyethene terephthalate (PET) preforms and water bottle caps that combines large-scale production with a focus on recycling and sustainability.
Spread across 12 acres, the company manufactures around 24 lakh bottle caps every day.

see more..

Stock Markets extend rally for second session; buying seen in IT, metal

16 Oct 2026 | 7:01 PM

New Delhi, Oct 16 (UNI) Indian Stock Markets on Friday extended their rally for the second consecutive session. The markets was supported by buying in IT, media and metal stocks. Further, Nifty climbed to an intraday high and ended the session near the day's high.

see more..

India pushes Rupee trade settlements to help countries facing forex shortages: Sitharaman

16 Oct 2026 | 6:05 PM

New Delhi, Oct 16 (UNI) India is working to expand trade settlements in rupees and local currencies to help partner countries facing shortages of foreign exchange continue importing essential goods, Finance Minister Nirmala Sitharaman said on Friday.

see more..

Centre hikes Petrol export duty to Rs 2 50/litre, cuts Diesel levy to Rs 8 50

16 Oct 2026 | 5:55 PM

New Delhi, Oct 16 (UNI) India has increased the windfall tax on petrol exports while reducing the levy on diesel shipments, according to a government order. The revised duties came into effect on October 16, 2026.

see more..