Press Information Bureau: Digest for August 03, 2023

Business Wire India - Multimedia Multimedia By Business Wire India

Table of Contents BMW Group India Posts Best-Ever Half-Year, Quarter and June Hindustan Zinc Contributed About 73 Percent of Revenues to Exchequer During FY 2022-23

BMW Group India Posts Best-Ever Half-Year, Quarter and June Monday 17 July 2023 07:30 AM UTC+00 Business Wire India Highest-ever car deliveries (BMW + MINI) of 5,867 units as well as highest-ever motorcycle deliveries (BMW Motorrad) of 4,667 units. Dominance in electric mobility in luxury segment with the most diverse product portfolio. Launch of the new BMW X5 to further boost SAV sales momentum. Highest-ever Online Sales in H1. Highest-ever BMW 360˚ by BMW India Financial Services. ​ BMW Group India has posted its best-ever half-year, quarter and June in 2023 – for all three brands – BMW, MINI and BMW Motorrad. In the first six months, 5,867 cars (BMW and MINI) and 4,667 motorcycles (BMW Motorrad) have been sold. BMW sold 5,476 units and MINI 391 units.   Mr. Vikram Pawah, President, BMW Group India said, "Our customers remain at the centre of everything we do! BMW Group India is redefining luxury with class-leading comfort, performance and aesthetics. The landmark of achieving the highest-ever half-year, quarter as well as June sales is a culmination of the company's strategic steps. Whether it is the appeal of sheer driving pleasure or sustainable mobility, every product launched this year is extremely desirable and in tremendous demand. Most importantly, the highly emotional, digital experience of our brands is a clear distinguisher. Exclusive experiences like Joytown and The House of Forwardism have strengthened the connect with existing customers and are bringing new ones closer. We are glad to achieve this milestone and will keep on strengthening the foundations for future success."   Period BMW MINI BMW Group (Cars)   BMW Motorrad (Motorcycles) Jan-Jun 2023 5,476 +5.5% 391 +3% 5,867 +5%   4,667 +50%   BMW Group India continues its dominance in electric luxury segment thanks to the most diverse electric portfolio – BMW i7, BMW iX, BMW i4 and MINI SE. BMW Group India delivered eleven times more electric vehicles during January – June 2023 than in the same period in 2022. The BMW iX is the best-selling battery electric vehicle in Indian luxury car segment. The best charging infrastructure in premium segment at BMW Group Dealer Network in 35 cities played a vital role.   BMW achieved best-ever sales of 5,476 units (+5%). BMW Sports Activity Vehicles (SAV) contributed over 50% to sales volumes. The newly introduced BMW X1 stormed the segment with highest-ever bookings since its launch. As the highest-selling BMW model, it contributed over 20% to sales. With robust appearance and functional versatility, it embodies both the freedom of day-to-day city driving as well sheer driving pleasure. This makes it the most sought after SAV especially among young customers enjoying an active lifestyle. The order pipeline of the BMW X1 for next few months is very strong. The launch of the new BMW X5 will further strengthen the SAV sales momentum.   The newly launched BMW 3 Series Gran Limousine was the best-selling sedan with a share of nearly 20% in sales.   Sales of BMW Luxury Class, that includes the BMW 7 Series, BMW i7, BMW X7 and XM, have more than doubled (+128%). The demand for BMW i7 has been exceptionally good underpinning its position as the pinnacle of luxury. Due to high number of orders, the BMW 7 Series, BMW i7 and BMW X7 currently have a waiting period of 4 months.   MINI impressed with deliveries of 391 units (+3%). The locally produced MINI Countryman dominated with a share of 63% and the iconic MINI Hatch 20%. The all-electric MINI 3-Door Cooper SE has become the third-highest selling MINI model in India with a share of 14% in sales.   BMW Motorrad rode ahead with 4,667 units (+50%). Leading the sales volumes for BMW Motorrad were 'Made in India' BMW G 310 R, BMW G 310 RR and BMW G 310 GS with a combined share of nearly 90%. Other popular models were BMW S 1000 RR, BMW R 1250 GS / GSA and BMW C 400 GT scooter.   BMW Financial Services India played an instrumental role by providing customised and flexible financial solutions which are significantly valuable to premium clientele of BMW, MINI and BMW Motorrad. Internet: www.bmw.in Facebook: https://www.facebook.com/bmwindia Twitter: https://twitter.com/bmwindia YouTube: https://www.youtube.com/user/bmwindia Instagram: https://www.instagram.com/bmwindia_official LinkedIn: https://www.linkedin.com/company/bmw-india/ #BMW #BMWIndia #BMWIndia_Official #SheerDrivingPleasure

Hindustan Zinc Contributed About 73 Percent of Revenues to Exchequer During FY 2022-23 Monday 17 July 2023 01:00 PM UTC+00 Business Wire India The company has contributed more than USD 10 Bn to the exchequer in the last 5 years while in FY 2022-23 the total contribution to the exchequer was over USD 3 Bn The company contributed approx. Rs. 3,100 Cr. every year on an average during last 5 years to the State of Rajasthan in form of Royalties, DMF, etc ​ Hindustan Zinc, a Vedanta Group company in the zinc-lead-silver business, has contributed about 73% of revenues to exchequer during FY 2022-23 as per its 6th Tax Transparency Report. The company is committed to being a responsible taxpayer and has a long history of transparent tax policies. Voluntary tax disclosures through publication of Tax Transparency Report has been a pro-active initiative undertaken by the company, reiterating its commitment to transparency and good tax practices. The details of different types and amounts of taxes paid by Hindustan Zinc as well as the principles and strategies that guide its tax governance are provided in this report.  The company has contributed more than USD 10 Bn to the exchequer during the last 5 years while in FY 2022-23 the total contribution to the exchequer was over USD 3 Bn which plays an important part in wider economic and societal impact and therefore plays a key role in the development of the country. In form of dividend, since the year of disinvestment, Hindustan Zinc has contributed over USD 5 Bn to Government of India. During the last five years, Hindustan Zinc's consolidated contribution to the exchequer stands to Rs. 80,113 Cr. The company contributed approx. Rs. 3,100 Cr. every year on an average in the last 5 years to the state of Rajasthan in form of Royalties, contribution to District Mineral Foundation (DMF) etc. In the last 5 years, Hindustan Zinc has paid royalties to Rajasthan state government and has made contributions to the District Mineral Foundation and National Mineral Exploration Trust to the tune of Rs. 15,615 Cr. While the company has piad a total of Rs. 12,594 Cr. as taxes on income which comprises of corporate income-tax in the last 5 years and reflected in the annual income tax returns. Through Indirect taxes, the company has paid Rs. 26,557 Cr. to the central and state governments on the sale of goods, such as the Central Goods & Services Tax and the State Goods & Services Tax. The company considers tax as an important part of its Environmental, Social and Governance (ESG) agenda and its Tax Transparency Report helps to disseminate information about Hindustan Zinc's contribution to economic development, improve stakeholders' understanding of its business, build trust and improve transparency of tax payments. Hindustan Zinc is committed to be fully compliant with all applicable tax regulations and to transparently communicate tax positions. In complying with tax laws, Hindustan Zinc takes into account both the letter and spirit of the law. The company maintains the highest standards of integrity with respect to tax compliance and reporting.  This report is part of Hindustan Zinc's voluntary initiative to be at the forefront of transparent disclosures and to demonstrate our agility in tax reporting and focus on maintaining high standards in disclosures. The report can be accessed on the company website: https://www.hzlindia.com/wp-content/uploads/HZL_TTR_22-23_FF.pdf.

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