BMW looks to sell over 1.5 million vehicles globally in 2011

German luxury carmaker BMW hopes to clock over 2.7 per cent growth in 2011 with sales of over 1.5 million vehicles globally. This would include a 'good double-digit growth' in India, where it sold 6,246 units in 2010.

The company, posted a 19.3 per cent increase in revenue to euro 60.47 billion in 2010 and a net profit of euro 3,234 million. The company ruled out putting up a full-fledged plant in India anytime soon with volumes being still low.

We sold 1.46 million vehicles globally in 2010 and plan to sell more cars in 2011 than before - significantly more than 1.5 million. We aim to reach new record sales with all three brands, BMW, Mini and Rolls-Royce," BMW chairman Norbert Reithofer told reporters.

The company, he added, had sold 1.22 million BMW vehicles 2.3 lakh Mini and 2,711 units of Rolls-Royce in 2010, recording growth rates of 14.6 per cent, 8.1 per cent and 170.6 per cent, respectively, over vehicle sale in the previous year.

Despite "dynamic" growth in many smaller markets such as Brazil, Russia, India, South Korea and Turkey, the key markets for the auto major were Germany, US, China and the UK.

Commenting on the company's sales target in India, BMW director (marketing) Ian Robertson said the company would aim for high double-digit growth for the current year.