Global markets
BMW India Sees EV Share Rising to 30% as Demand Accelerates
This "Insights" piece from Lumic delves into BMW India's ambitious outlook on electric vehicles (EVs). The luxury carmaker anticipates EVs making up close to 30% of its total sales in the near future, reflecting a significant acceleration in demand for electric mobility. The story highlights how expansion into Tier 2 and Tier 3 cities is a key driver, pushing EV adoption beyond major metros. BMW plans to broaden its network, increasing its presence from 40 to 50 cities nationwide by the end of the year. This trend underscores a growing acceptance of sustainable transport and green mobility across the Indian automotive sector, particularly within the premium car segment. The increasing EV adoption signals a maturing Indian EV market and reflects a broader shift towards electric mobility solutions.
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Xi Jinping to Visit US for Trump Summit on Trade, AI and Tariffs
- Xi Jinping will visit the US from September 23-25 for summit talks with President Trump
- Trade, tariffs, AI and critical minerals are expected to dominate the summit agenda
- Both sides are discussing reciprocal tariff cuts covering $30 billion of products each