BMW, or Bayerische Motoren Werke AG, is a German automobile manufacturer known for producing high-quality sports sedans and motorcycles. The company's headquarters are in Munich.
It began as Bayerische Flugzeug-Werke, a manufacturer of aircraft engines, in 1916. In July 1917, it changed its name to Bayerische Motoren Werke and began producing motorcycles in the 1920s. In 1928, BMW made its debut in the automobile industry. The R32 motorcycle produced by the business set a world speed record that was not broken until 1937. During World War II, BMW produced the world's first jet aeroplane engines, which were employed by Germany's Luftwaffe. In 1952, BMW released its first post-war automobile named The BMW 501. The Rosslyn facility in South Africa, became the contemporary BMW Group's first production location outside of Germany in 1972. The Rover Group was purchased by BMW in 1994, but the company lost $4 billion before selling the Land Rover brand to Ford in 2000. However, the reintroduction of the British MINI in 2001 was a huge success for BMW, and another British brand, Rolls-Royce, joined the company in 2003.
In the year 2006, BMW launched its activities in India. In 2007, the company created a sales subsidiary in Gurgaon, as well as an assembly plant in Chennai, India. The BMW Group is the world's leading manufacturer of premium vehicles and motorcycles, as well as a provider of premium financial and mobility services, with 31 production and assembly facilities in 15 countries and a global sales network.
The BMW iX, the company's premier electric SUV, will be unveiled in India in December 2021. The BMW iX was introduced worldwide in 2020, and it is the production-spec version of BMW's Vision iNext concept SUV, which debuted at the 2018 Paris Motor Show.