BMW remained profitable in 2020 with strong second half

German luxury automaker BMW says net profit fell 23 per cent last year to 3.86 billion euros (USD 4.62 billion) as the pandemic shuttered factories in the first part of the year.

File photo of BMW logo
File photo of BMW logo

The maker of the X5 sport utility and 3-Series sedan said a strong second half meant it started 2021 with “a favourable tailwind."

Operating profits for the second half of last year were 9.8 per cent higher than the second half of 2019.

The Munich-based company's sales were boosted by the early and strong economic recovery in China, where 2020 sales topped the year before by 7.4 per cent.

Also Read : BMW launches Made in India M340i xDrive at 62.90 lakh

Also check these Vehicles

Find more Cars
Bmw X4 (HT Auto photo)
₹ 96.20 Lakhs* *Ex-showroom price
Add to compare
Bmw I7 (HT Auto photo)
₹ 1.95 - 2.50 Cr* *Ex-showroom price
Add to compare
Check latest offers
Bmw Xm (HT Auto photo)
₹ 2.60 Cr* **Ex-showroom price
Add to compare
Check latest offers
Bmw X5 (HT Auto photo)
₹93.90 Lakhs - 1.07 Cr* Ex-showroom price
Add to compare
Check latest offers
Bmw Ix (HT Auto photo)
₹ 1.16 Cr* **Ex-showroom price
Add to compare
Check latest offers
Bmw X7 (HT Auto photo)
₹ 1.22 - 1.25 Cr* *Ex-showroom price
Add to compare
Check latest offers

China, the company's largest single market, helped BMW offset sharp drops in sales in Europe and the US.

Earnings were also supported by growth in the upper luxury segment including the large 7-Series sedan and the X7, which the company describes as an SAV, or sport activity vehicle. Those offerings carry higher profits per vehicle than smaller cars.

Sales of its Rolls-Royce luxury cars were off 26 per cent to 3,756 during 2020, a fall attributed to a model change for the brands best-selling model, the Ghost.

The company said the order book for the Ghost is now full well into the second half of 2021.

First Published Date: 11 Mar 2021, 17:25 PM IST
TAGS: BMW
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
40% OFF
MelodySusie Portable Electric Nail Drill Professional Cleaner Dust Collection/Lighting 2 in 1 Car Vacuum Cleaner 120W High-Power Handheld Wireless Vacuum Cleaner Home Car Dual-use USB Rechargeable (Black)
Rs. 599 Rs. 999
42% OFF
Boldfit Cycle Pump for Bicycle Portable Air Pump for Cycle and Bike Foot Balloon Pump Machine for Balloon High Pressure Cycle Air Pump for Bicycle, Car, Football Pump, Pump for Cycle Tyre Black
Rs. 349 Rs. 599
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 399

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.