BMW bets on EVs, says impact of EU-India FTA to be limited
BMW India anticipates minimal impact from the India-EU Free Trade Agreement, as most vehicles are locally assembled. The company is closely monitoring currency fluctuations and the West Asia conflict. Rising fuel prices, however, have boosted demand for BMW's electric vehicles, with the company aiming for EVs to comprise 30% of its India portfolio by 2030.
BMW India anticipates minimal impact from the India-EU Free Trade Agreement, as most vehicles are locally assembled. The company is closely monitoring currency fluctuations and the West Asia conflict. Rising fuel prices, however, have boosted demand for BMW's electric vehicles, with the company aiming for EVs to comprise 30% of its India portfolio by 2030.
