"In order to strengthen our presence in the country, we would aggressively expand our product range in the luxury segment," BMW Group India President Philipp von Sahr said. The new X3 will be available in two variants priced at Rs 44.9 lakh and Rs 49.9 lakh (ex-showroom). It is equipped with various luxury features, including the eight-speed automatic transmission with cruise control. The company had first launched the X3 model in 2003, followed by an updated version in 2011. The model launched today is the third generation of the SUV. Commenting on the future launches, Sahr said the company would launch the M3 sedan, M4 Coupe and the M5 sedan in 2014.
BMW India, which is wholly-owned subsidiary of the Germany's BMW Group, currently produces various vehicles at its Chennai facility including the 1 Series, 3 Series, X1 and X3.
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