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Aarihant Aaryan

Prev- Founder & CEO ...ย โ€ขย 1y

BMW is the best luxury car across the globe, in fact in they made close to $150 Billion in revenue in FY22 Interestingly their India business contributes only 0.5% of their overall revenue, but why are they failing in India? See, what works in the West doesn't work in India BMW makes sense in first-world countries because more than 90% of households own a car But India is a 2 wheeler market, close to 49% of households own a bike and only 8% of households own cars in India In fact less than 10,000 BMWs are sold in India every year, it's just because our per capita income is around $2000 and most Indians don't have the consumption mindset yet.

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