BMW regains top slot in luxury car segment

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German auto major BMW has regained top slot in January-November period after a fierce battle for numbers with compatriot Mercedes Benz in the Indian luxury car market

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according to the latest Society of Indian Automobile Manufacturers (SIAM) figures, BMW has made a strong comeback and sold 5,345 units compared to 5,109 units sold by Mercedes Benz during the last 11 months of this year
BMW posted a jump of 60.17% during the period over 3,337 units sold in the corresponding period last year. Mercedes Benz's sales soared by 75.27% compared to 2,915 units sold in the year-ago period
BMW has an assembly facility at Chennai and had recently hiked its production capacity to 5,400 units per year on a single shift basis from 3,000 units earlier. It will further invest Rs 70 crore by 2012 to add more capacity.
Riding high on the success of its new launches in the C-class and E-class, Mercedes Benz has regained first position in India's luxury car

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Abhishek Dua

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Created Monday, 13 December 2010 12:08
Last Updated Tuesday, 30 November -0001 00:00
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