German luxury car brand BMW is all set to tap the pre-owned luxury car selling market. The company is planning to launch its pre-owned car selling business in September this year.
"There is a huge potential in pre-owned car market in India and its a very lucrative business for us. Therefore, BMW India is planning to set up its pre-owned car selling business in September this year," said Andreas Schaaf, BMW India president commenting on this development.
He added, "We are in the last phase of the planning process to set up this business for India and only one module is left for the completion. The final draft will be ready after the summer break. We are manufacturing and assembling BMW cars from 2007 and feel that we have enough opportunities to focus on this pre-owned car market."
Schaaf refused to share more information on the models, price and timeline of the pre-owned