BMW will venture into pre-owned cars business and retail financing – Unveils 5 series Gran Tourismo, X1 & the X6 M at the Auto Expo

News | admin | January 5, 2010 at 12:00 am

Recent Announcement: BMW will enter pre-owned car business - Updated on 6th Jan at 2:20pm

Peter Kronschnabl, President, BMW India Pvt Ltd, has announced that BMW will be venturing into the pre-owned car business along with Financial Services for prospective buyers, apart from increasing production capacity at its Chennai plant, increasing manpower in BMW India and expanding the comapny’s dealership network in the country.

Speaking to the media at the Auto Expo about entering the pre-owned car business, Kronschnabl said that only the finest BMW vehicles will be selected for BMW premium selection. He said that only those BMW cars serviced by authorised dealers and fitted with only genuine BMW parts will be sold under the new venture. He further said a complete service history will be called for to prove it.

The manufacturer will be introducing BMW Financial Services India by mid-2010 as a fully owned subsidiary.

Live Update on 5th Jan 1.00 pm

BMW just unveiled the new 5 series Gran Tourismo and X1. The GT will come with a price tag of Rs.63 lakh and only 100 of these kinds will be produced. Also on display in the BMW pavilion were the BMW X6 M and the 760 Li. The 5 Series GT will come with a price tag of Rs.63,00,000, the new BMW X6 M will be priced at Rs. 1,30,00,000, and the BMW 760 Li will cost Rs. 1,29,00,000

BMW GT 5 SERIES

bmw x1

bmw x6m

The 760 Li houses a mighty 6.0 litre v12 engine with Twin Power Turbo technology, High Precision Injection and double VANOS camshaft and is able to churn out a max torque of 750 Nm at just 1,500 rpm. The 7- Series comes with brand-new eight-speed transmission, with its innovative gear set configuration, offering additional gears while maintaining the dimensions and weight of a conventional six-speed automatic.

BMW 760 LI

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The battle of the German big three can be banked upon to produce some fireworks at the expo. BMW is expected to showcase its latest offerings to the local market. Leading the charge will be the new 5-series backed up by the X1 SUV crossover. For power mongers the M division’s very first mammoth will be on display to intimidate the audience.

5-Series: