One of the two new models will be the JCW powered Mini Coupe (pictured) while the other has yet to be announced.
"The production of two new Minis is very good news for Oxford, and for the UK car industry," British Business Minister Peter Mandelson said in a statement. "It is a demonstration of BMW's long-term commitment to the U.K.," he added. "British drivers have had a long love affair with the Mini and I'm sure that this will continue for many years to come."
BMW CEO Norbert Reithofer told the Financial Times that the move would mean new jobs and investment at the facility - which shed about 850 agency workers in February as it cut production in the wake of a slump in sales.
Mr Reithofer declined to comment on the number of potential jobs or any timetable for production.
"It is, of course, fantastic news for Mini and for the plant," a spokeswoman for the Oxford factory said. "It will certainly create investment. It is just far too early to say what it will do in terms of jobs ... we just don't have that detail at the moment."
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