Thursday, September 5, 2024

The Federation of Automobile Dealers Associations (FADA) Released Vehicle Retail Data For Aug'24


The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Aug'24.

Aug’24 Retails

FADA President, Mr. Manish Raj Singhania, commented on the auto retail performance for August 2024, stating, “In August, India witnessed 15.9% excess rainfall across the country, with northwest India seeing a surplus of 31.4%, 7.2% in the east and northeast, 17.2% in central India and a minor deficiency of 1.3% in the peninsular region. This monsoon season brought unpredictable weather, starting with extreme heat waves which delayed monsoon and transitioned into heavy rainfall, leading to flood-like conditions in several areas.

These weather anomalies have had a direct impact on India's auto retail market, which registered a modest YoY growth of just 2.88% in August. While the two-wheeler (2W) and three-wheeler (3W) segments managed to post growth at 6.28% and 1.63%, respectively, other categories faced significant setbacks. Passenger vehicle (PV) sales declined by 4.53%, tractor sales dropped by 11.39% and commercial vehicles (CV) saw a 6.05% drop, underscoring the challenges the industry is grappling with, due to these volatile conditions.

The 2W market saw a MoM decline of 7.29%, largely due to excessive rains and flooding, which disrupted demand across various regions. Many customers postponed their purchases, anticipating new product launches, while others deferred due to market saturation and changing preferences. Limited marketing efforts from OEMs and subdued market sentiment further impacted sales. Despite these headwinds, the 2W segment grew by 6.28% YoY, thanks to improved stock availability and the onset of the festive season. Our retail strength index also indicates that rural sentiments remained strong on a YoY basis.

FADA is raising SOS signals as PV sales fell by 3.46% MoM and 4.53% YoY. Even with the arrival of the festive season, the market remains under significant strain due to delayed customer purchases, poor consumer sentiment and persistent heavy rains. Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs.77,800 crore. Rather than responding to the situation, PV OEMs continue to increase dispatches to dealers on a MoM basis, further exacerbating the issue.

FADA urgently calls upon all Banks and NBFCs to intervene and immediately control funding to dealers with excessive inventory. Dealers must also act swiftly to stop taking on additional stock to protect their financial health. OEMs, too, must recalibrate their supply strategies without delay, or the industry faces a potential crisis from this inventory overload. If this aggressive push of excess stock continues unchecked, the auto retail ecosystem could face severe disruption.

Commercial vehicle sales experienced a sharp drop, with an 8.5% MoM decline and a 6.05% YoY fall. Members have pointed to key challenges, such as heavy rains, floods and landslides, which have severely impacted market activity. Additionally, reduced construction activity and sluggish demand in industrial sectors have further strained sales. The CV segment continues to struggle, facing pressure from steep discounting by competitors, which has only intensified the decline. Weak sentiment, coupled with inventory and cash flow challenges, continues to affect the industry overall.”

Near-Term Outlook

As we approach the festive season, there are several challenges that could impact auto sales in the near term. India experienced 16% above-normal rainfall in August, with additional rainfall forecasted for September, according to the IMD. This excessive rainfall poses a significant risk to crops nearing harvest, particularly those planted in late June with a 75 to 90 days maturity cycle. Continued heavy rains could negatively affect rural sales, as reduced agricultural output may lead to diminished purchasing power.

Additionally, the Shraddh period in September, regarded as an inauspicious time for purchases, is expected to pause sales for some time. In the CV segment, sluggish construction activity, liquidity issues and weather-related disruptions are likely to suppress demand further. Aggressive discounting practices continue to pressure dealers, leading to reduced profitability and a generally cautious market sentiment.

On the positive side, the upcoming festivals, such as Ganesh Chaturthi, Onam and Navratri, are expected to boost consumer sentiment, especially in urban areas. Moreover, favourable rainfall in certain regions has improved agricultural prospects, which could enhance purchasing power in rural areas as the monsoon subsides. In the CV segment, increasing demand for iron ore, steel transport, and tippers offers a potential lift, supported by new model launches and marketing efforts from OEMs.

Given these factors, FADA remains cautiously optimistic about the near-term outlook. While the festive season and improved rural demand present promising opportunities for growth, ongoing weather uncertainties and high inventory levels may temper the overall recovery. To navigate these challenges, strategic inventory management and targeted marketing initiatives will be crucial in maximizing festive sales and mitigating risks from adverse weather conditions.

Chennai, Ahmedabad, And Kolkata Emerge As Most Affordable Metros For Residential Investments: Magicbricks


The Indian real estate market is currently experiencing a bull run, marked by soaring prices and escalating demand. At the same time, household incomes across the top 10 cities increased at a CAGR of 5.4%, while property prices surged at a CAGR of 9.3% (between 2020-2024). This growing gap in income and property price growth rates has weakened affordability.

Elaborating on the same, Magicbricks’ flagship report “Housing Affordability in Major Indian Cities” revealed that the Property Price to Annual Household Income Ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024 (higher than the globally accepted benchmarks of 5). Based on the P/I Ratio, the report observed that Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) emerged as the least affordable.

Explaining the trends, Sudhir Pai, CEO, Magicbricks shared "Between the latter half of 2021 and 2022, residential investments were at their most affordable. During this period, the market was experiencing a resurgence, characterized by low interest rates, recovering household incomes, and modest increase in residential prices. However, homeownership sentiment has since peaked, resulting in demand significantly outpacing available supply, leading to a rapid and substantial surge in residential prices, presenting new challenges for affordable housing."

Furthermore, the report revealed that the EMI-to-monthly income ratio in India has risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially metros. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%) and Hyderabad (61%). In contrast, cities like Ahmedabad (41%), Chennai (41%) and Kolkata (47%) are relatively more affordable.

The report concluded that the current situation is likely to hit equilibrium conditions with market trends indicating a deceleration in price growth due to an anticipated increase in residential supply.

Affordability indicates the proportion of property price to annual household income. So, if the affordability of a city is 3.7, this means the average property price in the city is 3.7 times the average annual household income.

Magicbricks is India’s No.1 property site

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.

With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.

Jammu Based DeVANS Forays Into Premium Lager Segment, Expands Six Fields Bouquet With Brute And Pilsner


Indian alcobev leader DeVANS has expanded the universe of its Brussels Award winner, Six Fields to foray into the Premium Lager segments. Six Fields has gone bold with its new strong variant Six Fields Brute while its Six Fields Pilsner is the ideal premier lounging partner allowing you to hold on to the good. The Six Fields umbrella presently consists of two Belgian Style Wheat Beers – Six Fields Blanche and Six Fields Cult – based on the world’s oldest brewing recipe while Six Fields Brute and Six Fields Pilsner mark the brand’s debut into the premium lager domain. Taking a boxful of multinational brands in the segment head on, the latest launches by the homegrown alcobev leader cater to the evolving consumer palate and are initially available in Jammu and Kashmir, Ladakh, Delhi, Uttarakhand, Rajasthan and Jharkhand.

Sharing his thoughts on the Six Fields portfolio expansion, DeVANS CMD Mr Prem Dewan said, “As a pioneering partner in the growth journey of the Indian beer market, we truly understand the pulse and demands of the consumer. One of the first homegrown wheat beers with a lineup of accolades and awards, Six Fields is testimony to the innovative streak that DeVANS has instilled in the domestic beer market. We are elated to expand the Six Fields bouquet into the premium strong and lager beer segments, catering to a much wider consumer base. The Six Fields bouquet now has something for every discerning consumer.”

He further said that Six Fields already stands tall as a youthful and exciting brand brewing fresh experiences rather than merely being a run-of-the-mill wheat beer. Six Fields Brute is the first strong lager variant in the iconic range, embodying a robust, full-bodied beer that promises a rare experience for the bold consumers while Six Fields Pilsner is an exceptionally smooth lager with a crisp, clear, golden colour and a refreshing taste. Six Fields Brute symbolises a brave, fearless persona and offers up to 8% ABV. Six Fields Pilsner on the other hand is a light, refreshing beer with up to 5% ABV.

Six Fields Belgian Style Wheat Beers are among the rare beers in India that have won multiple accolades both nationally and internationally. This includes medals at the global Brussels Beer Challenge, Spiritz Selection Awards and many others. Besides Six Fields, DeVANS is also home to award-winning Indian beers such as Godfather and Kotsberg.

With an overall brewing capacity of more than 1,80,600 KL owing to pan-India strategic production tie-ups across regions like Jharkhand, Arunachal Pradesh, Uttar Pradesh, Tamil Nadu etc, DeVANS has emerged as the leading Indian brewer over the past few years competing with international brands in the domestic market. Based out of Jammu, DeVANS is also the country’s oldest manufacturer of premium quality malt spirits and holds a key position in the Indian Single Malt segment with its flagship GianChand Single Malt Whisky that has won multiple awards and rave reviews worldwide from the likes of global whisky guru Jim Murray.

VOX India Unveils Fronto V Black: Revolutionary Façade And Ceiling Panels Redefining Architectural Aesthetics And Durability


* As demand for sustainable building materials grows, Fronto V Black emerges as a game-changing solution, combining aesthetic appeal, durability, and ease of installation

VOX India, a leading interior and exterior building material company, is redefining spaces from floor to ceiling with the launch of its innovative new product, Fronto V Black panels. These panels offer an ingenious solution for façades and ceilings, combining robust features with stunning aesthetics.

As the global demand for sustainable and low-maintenance building materials continues to rise, Fronto V Black emerges as a game-changing solution. The product addresses the growing market need for versatile, durable, and aesthetically pleasing exterior finishes that can withstand diverse environmental conditions while reducing long-term maintenance costs.

Commenting on the launch, Mr. Varun Poddar (Founder at VOX India), stated, "Fronto V Black represents our commitment to innovation in the building materials sector. We've created a product that not only elevates the visual appeal of any structure but also offers unmatched durability and ease of installation. Fronto V Black is set to redefine how architects and builders approach façade and ceiling design; our panels not only enhance the visual appeal of any structure but also ensure long-lasting durability without the need for maintenance."

Key features of Fronto V Black include:

Three-Dimensional Design: Unique profile shape and specially designed joints create an original, three-dimensional panel effect.

Weather-Resistant: Robust panels that withstand changing weather conditions without maintenance.

Authentic Wood Aesthetics: Perfect imitation of wood in both colour and structure, with dark joints for added depth and contrast.

Versatile Installation: Can be installed vertically or horizontally, including use as soffit.

Wide Colour Range: Available in various woodgrain colours to complement diverse facade designs.

Maintenance-Free: Highly resistant to mechanical damage and pests, completely waterproof, and requires no sealing or painting.

Easy Installation: Features the CLICK lock system for secure and rapid façade coverage.

Thermal Efficiency: Provides ideal covering for thermal insulation with proper ventilation.

Hurricane-Proof Lock: Enhances panel adhesion and eliminates wind-induced noise.

Self-Cleaning Structure: Minimizes dirt and dust accumulation for easy maintenance.

Fronto V Black is now available for architects, builders, and homeowners looking to elevate their projects with a cutting-edge, low-maintenance façade solution

About VOX:

VOX is a renowned European brand at the forefront of designing, manufacturing, and distributing furniture, home furnishings, and building materials. Since 1989, the Voelkel family, the driving force behind the brand, has established VOX as a symbol of independence, originality, and creativity in business. With a legacy of over three decades, VOX has now established a presence in India through its association with the former promoters of Ashirvad pipes. Founded in 1975, Ashirvad pipes, renowned as the largest CPVC and column pipe manufacturer globally, concluded its operations in 2018 after being acquired by the Aliaxis group.

Toyota Kirloskar Motor Introduces T CARE: A New Initiative To Elevate Customers’ Ownership Experience


In its constant endeavour to exceed customer expectations by delivering exceptional experiences, Toyota Kirloskar Motor (TKM) today announced the introduction of “T CARE”, an innovative initiative aimed at delivering a holistic ownership experience to their esteemed customers. T CARE integrates a range of supports with value-added proposition under a single brand, ensuring that every engagement with the customer reflects Toyota’s core values of reliability, quality, and exceptional care.

Driven by a customer-centric approach, “T CARE” provides a comprehensive range of services that demonstrates the company’s dedication to enriching customer delight and fostering long-term relationships. Covering everything from presales to aftersales and repurchases, T CARE integrates these offerings under one unified brand that includes, to name a few, 

T DELIVER brings unique last mile logistics of new car delivery via flatbed trucks, ensuring the vehicles reach their final Toyota touch point in brand new condition.

T GLOSS offers end-to-end car detailing services, keeping the customers’ cars in top condition always

T NWEB provides a user-friendly online platform for purchasing Toyota vehicles, providing customer convenience

T ASSIST offers 24/7 roadside assistance for 5 years, ensuring timely support to the customers

T SECURE provides peace of mind with an extended warranty for an additional 2 years

T SMILE offers customizable, hassle free and cost-effective pre-paid maintenance package

T SAATH ensures timely delivery of service parts and reaching closer to customer, thereby providing convenience

T CHOICE provides multiple service parts choice to the valued customer 

T INSPECT provides vehicle inspection services under various used car related activities such as during the sale of used cars, used car financing, break in insurance renewal, etc.

7 SPARSH facilitates as a one-stop solution, focusing on rural areas, that offers expert guidance on vehicle selection, facilitate test drives, and provide comprehensive information about Toyota's diverse range of models

7 SERV provides convenience of multibrand car service network, offering quality affordable services with a focus on customer satisfaction and enhanced vehicle reliability

T CARE focuses on streamlining the customer experiences, ensuring effortless access to top-tier assistance and best support throughout their ownership journey with Toyota.

Commenting on this new initiative, Mr. Sabari Manohar, Vice President of Sales, Service, and Used Car Business at Toyota Kirloskar Motor, stated, “At Toyota, our customers are at the heart of everything we do. Our focus always remains on elevating the customer experience at every touchpoint—before, during, and after the sale. We strive not only to deliver exceptional products and services, but also to foster a deep, lasting connection with our customers throughout their entire ownership experience with Toyota. The newly introduced T CARE initiative incorporates a wide array of offerings such as T DELIVER, T GLOSS, T ASSIST, T SAATH, T SECURE, T CHOICE and more, under a single brand allowing us to deliver seamless and personalized support that addresses the diverse needs of our valued customers across the rural and urban areas.

We believe that T CARE will further strengthen our customer connect and fortify their immense trust placed in us over the years, thereby support Toyota’s purpose of becoming a mobility company. Our aim is to ensure a truly satisfying experience for our discerning customers and continue to be the most trusted partner that caters to their ever-evolving mobility needs.”Notably, TKM currently has 685 customer touch points plus 360 T Sparsh outlets, which cumulatively stands at a total of 1045 touch points across India, ensuring easy accessibility to Toyota’s varied products and services, and thereby making it convenient for their esteemed customers.

A Fully Active India By 2047 Can Boost GDP By Over INR 15 Trillion Annually: Dalberg Report On Sports And Physical Activity (SAPA)


* This report outlines current levels of engagement in sports and physical activity in India, pointing to a wide gap especially among urban women and girls. It is based on a survey of 5,000 adults and adolescents across India, as well as group discussions, expert interviews, and resources from organizations active in the ‘sports for development’ sector.

At least 155 million Indian adults and 45 million adolescents today fail to meet the WHO guidelines on physical activity, reveals Dalberg’s State of Sports and Physical Activity (SAPA) report. Developed in partnership with Sports and Society Accelerator with support from Omidyar Network India and the Ajit Isaac Foundation, the report makes an urgent call for greater focus and participation in sports and physical activity, demonstrating its benefits and identifying pathways to overcome challenges along the way.

India is in an alarmingly inactive state

The SAPA report demonstrates that India has a long way to go in becoming an active nation, those who do engage in physical activity are not diverse in their movements—data shows that outside of work and chores, most adults engage only in walking, which is beneficial but not enough on its own. Only 10% of adults in the country even play sports; the number who play regularly is likely to be even lower. While more adolescents (66%) engage in sports regularly, there is limited diversity in their choice of sport—half of the boys play cricket, with representation in other sports being much lower.

The gender-divide in how Indians engage in SAPA is stark – on average, girls and women spend 5-7 fewer hours in SAPA (about 20% less) per week than boys and men. This gap worsens as we move into urban areas where girls are at the highest risk. At least a third of them do not meet the WHO guidelines for physical activity.

Urban women are especially affected by inactivity

Urban women spend 385 fewer active minutes per week than rural women and 249 fewer minutes per week than urban men. A number of factors are responsible for the divide: lack of infrastructure, safety, and access results in 20% fewer women engaging in SAPA in public spaces, and misconceptions like SAPA being dangerous during menstruation and pregnancy further reinforce this gap.

SAPA can contribute tremendously to India’s ambitions towards a Viksit Bharat

If India continues to stay inactive, we’re at risk of increased burden on all fronts. By 2047, an inactive India would face 200 million more adult cases of non-communicable diseases (NCDs), 45 million more obese adolescents, and additional annual healthcare costs of more than INR 55 trillion, compared to today. Moreover, India is currently suffering with low worker productivity – about half the global average, low educational attainment due to health-related absenteeism, as well as low female labor force participation. 

Higher engagement in SAPA has the potential to flip this picture. As per the report, SAPA can significantly benefit individuals, accruing benefits across the population to deliver greater societal and national outcomes. Nations across the world have benefitted from increased investment in SAPA – with China registering 40% fewer in-patient hospitalizations and 30% lower healthcare expenses, and UK creating £72 billion in socio-economic value, among several other examples.

The SAPA report quantifies these outcomes for India, outlining achievable targets that can help the nation in the following ways:

Economic progress: SAPA can increase India’s GDP by over INR 15 trillion annually if the whole population is active by 2047, including the prevention of INR 2.5 trillion (USD 30 billion) in productivity-related losses due to fewer sick days and presenteeism related to illness.

Health and mortality outcomes: By 2047, SAPA can prevent around 110 million adult cases of NCDs, lead to 30,000 fewer suicides, and save approximately INR 30 trillion in healthcare costs by reducing obesity, cardiovascular diseases, and mental health issues.

Bridge the gender divide: By 2047, SAPA can motivate 11 million girls to pick up a sport for the first time, which is linked to improved agency and confidence –potentially creating 600,000 additional women entrepreneurs and leaders. 

Excel as a sporting nation: Through SAPA, we can mobilize INR 4.5 trillion of annual expenditure in the sports industry by 2047.  Increased sporting potential can also strengthen India’s ability to host the Olympics, secure more sporting victories, and expand our global sports footprint.

Getting there: Fostering public-private collaboration and interventions to encourage SAPA

The outlined targets call for strategic interventions across policy, infrastructure and community programs to significantly boost physical activity levels nationwide. The report emphasizes the role of both public and private sector players, providing actionable takeaways for governments, school leaders, city planners, entrepreneurs, and civil society organizations.

Building innovative SAPA-centric infrastructure from weather-proof transit solutions such as covered elevated bike highways to open-air dance floors, stages and music systems in public parks can encourage activity.  

Since schools play a formative role in instilling physical habits, school leaders must design model schools that prioritize activity and provide adequate resources to offer students a diverse range of SAPA, and train and empower PE teachers. Investing in the training and empowerment of physical education teachers and trainers will be the critical baseline of this effort.

Urban planners can map out future public space construction to ensure that everyone has access to a (green) space within 15-minutes from home. 

Enabling community engagement can go a long way, such as organizing city-wide SAPA events, encouraging sports in all sectors of society, and creating opportunities to engage in a wide variety of sports at all levels (from casual to elite) and for all abilities. 

Entrepreneurs have the opportunity to build business models that incentivize, track, and train users to engage in more in SAPA. For instance, they can help develop a national app to track SAPA data that offers personalized challenges and rewards to create a sense of collective progress.

In everything we do, we need a programmatic focus on gender – create gender-inclusive infrastructure and programs, create media campaigns that dispel myths and encourage women to take up SAPA, and develop enthusiasm and skills among girls in school to instill SAPA engagement at the grassroots.

Gaurav Gupta, Global Managing Partner at Dalberg Advisors, says, “If there is one thing we can control, it is how we take care of ourselves. Our physical health and wellbeing impacts our quality of life and our contributions to society. As a nation, we’re far behind from realizing the full potential of our people simply because we aren’t focusing enough on how frequently we move and engage in physical activity – which is why we need to create external motivators, interventions, and greater access to encourage people towards SAPA engagement. At the grassroots, we need better schools, more playgrounds, and a new outlook that prioritizes physical activity as essential, not as optional or extra-curricular.”

Nandan Kamath, Co-Founder, Sports and Society Accelerator, adds, "This report highlights the profound impact that sports and physical activity (SAPA) can have on our nation's well-being, from driving economic growth and livelihoods, to enhancing physical and mental health, and driving several socio-economic indicators. We stand at a crucial juncture to optimize our demographic advantage and be a sports-forward nation. We must seize the opportunity and build a future where SAPA is embedded into the life of every Indian."

About the report:

The State of Sports and Physical Activity report establishes the first-ever granular baseline for India through a survey of 5000 adults and adolescents. It maps physical activity patterns across various demographics including all income segments in both rural and urban settings.

The report also explores the motivations and barriers to SAPA through a survey and 16 focus group discussions with diverse segments such as parents and physical education teachers, and expert interviews. It also incorporates perspectives from leading organizations in the sports for development sector, including Magic Bus, Dani Sports Foundation (DSF), Dasra, Naandi Foundation, Stepathlon, Zomato, and Vasant Valley School, among others. 

ABOUT DALBERG ADVISORS

Dalberg Advisors is a strategic advisory firm that combines the best of private sector strategy skills and rigorous analytical capabilities with deep knowledge and networks across emerging and frontier markets. We work collaboratively across the public, private and philanthropic sectors to fuel inclusive growth and help clients achieve their goals. Our global perspectives are firmly rooted in local realities. We have 28 offices across the world and have served clients in more than 135 countries. By combining local knowledge and international experience, our strategies blend the best global ideas and innovations with the local practicalities and partnerships needed for effective implementation.

Dalberg Advisors is part of the Dalberg Group which comprises six businesses — Dalberg Advisors, Dalberg Data Insights, Dalberg Design, Dalberg Implement, Dalberg Media, and Dalberg Research — and a not-for-profit, Dalberg Catalyst.

ABOUT SSA

The Sports and Society Accelerator (SSA) is a section 8 not for profit organization, founded in February 2022. It is public-spirited and independent, working on policy and capacity building to help universalize sport and physical activity (SAPA) in India. SSA's work and frameworks support and enable governments, private participants, and society to use SAPA to achieve better physical and mental health, economic growth, and social impact outcomes such as inclusion, equality, and sustainability. The team brings a diverse set of skills and extensive experience in Indian policy, governance, and sport for social impact, with its Mission 100, which envisions a fully active India by 2047 with every child playing, and every adult active.

The New BMW 3 Series Gran Limousine M Sport Pro Edition Now Available In Diesel


* BMW TwinPower Turbo 4-cylinder engine for an agile driving performance.

* Impressive exterior design with M High Gloss Shadowline elements for Kidney Grille and rear diffusor.

* Most advanced tech in the segment with BMW Driving Assistant, BMW Parking Assistant Plus & Fully Adaptive Headlights with Cornering Lights.

* #BMW3 #BMWIndia #MSportPro

The new BMW 3 Series Gran Limousine M Sport Pro Edition has been launched in a diesel variant today. Locally produced at BMW Group Plant Chennai, the new BMW 320Ld M Sport Pro is available at all BMW India dealerships and BMW Online shop from today onwards.

The new BMW 320Ld M Sport Pro is available at an ex-showroom price of INR 65,00,000.

Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but exclude Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price / options are subject to change without prior notice. For further information, contact an authorised BMW dealer.

The new BMW 320Ld M Sport Pro is available in four exciting metallic paintworks – Mineral White, Skyscraper grey, Carbon Black and Portimao Blue. Exclusive M headliner Anthracite upholstery is offered as standard.

Thanks to BMW India Financial Services, customized and flexible financial solutions are designed as per individual requirements. Customers enjoy great value and complete peace of mind with BMW 360? Finance Plan. It includes attractive monthly instalments, assured buy-back option up to five years, flexible term-end opportunities, and options to upgrade to a new BMW among other benefits.

The new BMW 320 Ld M Sport Pro Edition.

The enhanced exterior body design features are more expressive and powerful than ever. The Blacked Out Kidney Grille adds to the aggressive front look of the new BMW 3 Series Gran Limousine M Sport Pro Edition. The standard Adaptive LED headlights ensure consistent illumination of the road ahead, even when cornering. They are accentuated by the M Lights Shadowline which offers a dark tint around the headlamps. The outer daytime driving light elements also serve as turn indicators. The model’s stretched silhouette underscores its inherent elegance and hints at the enviable spaciousness of the interior. The Rear Diffuser in High Gloss Black enhances the bold appearance when seen from behind.

The interior offers a modern space with a focus on driving enjoyment. High quality materials, precise build quality and numerous meticulously crafted details set the tone for the refined premium character of the four-door sedan. The progressive design of the cockpit is accompanied by a larger surface for the interior trim strip integrated into the instrument panel. Added to this, the car comes with illuminated door sill plates. The modern design of the centre console with galvanic embellisher adds to the cabin’s premiumness. The standard M Headliner Anthracite upholstery adds to the exclusiveness inside the car. The driver and front passenger settle into electrically adjustable Comfort Seats lapped in genuine leather Vernasca. Filling up the cabin with a sense of spaciousness is the large Panorama sunroof. Ambient Lighting with six dimmable designs creates an atmosphere for every mood. In another model-specific feature, the ambient lighting also includes an illuminated contour strip on the back of the front seats. The three-zone automatic climate control with active carbon filters optimizes air quality. The optimised acoustic properties reduce noise levels and make the journey peaceful.

Thanks to unrivalled BMW TwinPower Turbo technology, the diesel engine melds maximum power with exemplary efficiency and offers spontaneous responsiveness even at low engine speeds. The two-litre four-cylinder diesel engine of the new BMW 320Ld M Sport Pro Edition produces an output of 190 hp and maximum torque of 400 Nm at 1,750-2,500 rpm. The car accelerates from 0 -100 km / hr in just 7.6 seconds.

The eight speed steptronic sport automatic transmission performs smooth, almost imperceptible gearshifts. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency. For even greater driving pleasure, it comes with steering wheel paddle shifters and cruise control with braking function. Using the Driving Experience Control switch, the driver can choose between different driving modes to suit the driving conditions - ECO PRO, Comfort, Sport.

The new BMW 3 Series Gran Limousine M Sport Pro Edition features the BMW Curved Display which brings extra modernity. The latest BMW Operating System 8.5 offers all the possibilities for interaction between occupants and the vehicle – using touch or voice. It is complemented by the BMW Intelligent Personal Assistant system that adopts driver’s individual habits and proactively provides useful tips on driving functions. Regular Remote Software Upgrades ensure that the car is always up to date. Innovations of the BMW ConnectedDrive turn the car into an interconnected device creating a digitally connected environment for the customers. BMW ID acts like a central login securely synchronising data and is automatically linked to the smart My BMW App, a new universal interface for all requirements in the BMW ecosystem. Customers can plan their next trip, check the status of their BMW, set personalised car settings, book the next service appointment or use one of the numerous remote-control functions – all conveniently from a smartphone. The car is always up to date with the latest functions and digital products being brought over-the-air through BMW Remote Software Upgrades.

The smartphone holder integrated into the centre console allows inductive, Wireless Charging for mobiles. Smartphone connection via Wireless Apple CarPlay® / Android Auto opens up access to a range of functions and apps. The car has a Harman Kardon Surround Sound system with 16 loudspeakers. The central air vents positioned below the control display are now slimmer and more modern in design.

Park Assistant Plus with Surround View Camera makes parking in tight spots easier by taking over acceleration, braking as well as steering. The New Parking Assistant Plus also enables customers to have a remote 3D view of the car via the My BMW App. BMW Driving Assistant provides Blind Spot Detection and helps warn the driver for lane changes, front collisions, and rear collisions.

BMW EfficientDynamics includes features such as 8-speed Steptronic Sport Automatic Transmission, Auto Start-Stop, Brake-Energy Regeneration, Electronic Power Steering, 50:50 Weight Distribution and ECO PRO mode in Driving Experience Control.

BMW Safety technologies include six airbags, Attentiveness Assistance, Dynamic Stability Control (DSC) including Cornering Brake Control (CBC), electric parking brake with auto hold, side-impact protection, electronic vehicle immobilizer and crash sensor, ISOFIX child seat mounting and integrated emergency spare wheel under the load floor.

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