BMW India Financial Services appoints Andreas Modlmayer as MD and CEO – Car News

Andreas Modlmayer has been with the BMW Group since 2000. Most recently, he served as CEO of BMW Austria Bank in Greece.

BWM Group appoints Andreas Modlmayer as the new Managing Director and Chief Executive Officer of BMW India Financial Services. Modlmayer succeeds Jaejoon Lee, who returns to BMW Korea. 

Modlmayer has been associated with the BMW Group since 2000. In his last assignment, he was the CEO of BMW Austria Bank in Greece. He was in leadership positions for BMW Group Financial Services across several other markets, such as New Zealand, China, and Hong Kong. Mr. Modlmayer began his career with BMW Bank GmbH, Munich in the Sales and Marketing function.

Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific, said, “Mr Andreas Modlmayer brings with him valuable expertise and leadership acumen, with successful development of BMW Financial Services in diverse markets for over two decades. India is an important market for us, and we are confident that he will further add to the company’s growth as he takes charge of BMW India Financial Services.”

BMW India: Best ever Q1 results 

BMW India started the year with a bang as it registered its best-ever Q1 car deliveries with a 7% growth. The company delivered 3,914 cars (BMW and MINI) and 1,373 motorcycles (BMW Motorrad) between January – March 2025. The four-wheelers’ numbers were further divided — BMW sold 3,764 units and MINI 150 units.

BMW Group India has been the leader in the new luxury EV brand for the last three years. In Q1 2025, it sold 646 units of BMW and MINI EVs. The exponential growth of 206% year-on-year in electric sales reflects the high level of sustainability, performance and innovation that progressive Indians associate with the BMW Group brands. The first-ever BMW iX1 Long Wheelbase, launched at the Auto Expo 2025, disrupted the market and garnered over 1,500 bookings. It became the largest-selling BMW EV in Q1.

Vikram Pawah, President and CEO, BMW Group India, said, “BMW Group India clocked the highest-ever Q1 car deliveries till date with 3,914 units, also growing by +7%. Continuing our lead as the most preferred luxury EV brand, we have seen phenomenal growth of over 200% in our electric car sales. Similarly, BMW long wheelbase models have captured the imagination of luxury connoisseurs across the board, growing by a remarkable +187%. Our robust strategy has driven momentum for us despite a challenging environment. BMW is a highly aspirational brand with a pioneering spirit, and we will continue to unlock the true potential of Indian luxury automotive market with unparalleled customer experience.”

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This article was first uploaded on May twenty-one, twenty twenty-five, at forty-six minutes past eight in the night.

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