China's GAC, BMW expect sales in world's biggest auto market to grow this year

The expectations come as consumption revives post Covid-19 lockdowns.
By : Reuters
| Updated on: 27 Sep 2020, 10:11 AM
BMW logo (REUTERS)
BMW logo (REUTERS)
BMW logo (REUTERS)
BMW logo

Chinese automaker GAC and Germany's BMW expect sales to grow this year in China, the world's biggest auto market, as consumption revives from Covid-19 lockdowns, officials said on Saturday.

Guangzhou-based GAC, which has partnerships with Toyota Motor and Honda Motor, expects its full-year sales and production to be positive, said general manager Feng Xingya.

(Also read: BMW to pay $18 million fine to resolve inflated sales probe)

Jochen Goller, head of BMW China, said the carmaker expects “single digit growth" in China this year.

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The executives were speaking at the Beijing International Automotive Exhibition 2020. GAC previously said it aimed to increase sales by 3% in 2020.

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First Published Date: 27 Sep 2020, 10:11 AM IST
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