The rising input costs and fluctuations in exchange rates are among the major reasons for the price hike.
BMW sells both locally-produced and CBU models in India.
BMW India today announced that it will increase the prices of its cars from January 1, 2024, owing to rising input costs and fluctuations in exchange rates, among others.
The prices will be hiked by up to 2% across the entire BMW model range.
The carmaker's range of locally produced models includes the BMW 2 Series Gran Coupe, BMW 3 Series Gran Limousine, BMW M 340i, BMW 5 Series, BMW 6 Series, BMW 7 Series, BMW X1, BMW X3, BMW X5, BMW X7 and Mini Countryman.
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The BMW Z4, BMW M4 Coupe, BMW X3 M40i, BMW X4 M40i, BMW M5, BMW M8 Coupe, BMW XM, and electric cars like the BMW iX1, BMW i4, BMW i7 and BMW iX are available in the country as completely built-up (CBU) models.
"BMW India's decision to implement a price increase across the model range is a thoughtful response to a confluence of factors," said Vikram Pawah, President, BMW Group India.
"In the face of evolving dynamics, fluctuations in exchange rates and rising input costs, this price adjustment will sustain the crucial balance that allows us to consistently deliver the high standards and power-packed experience our customers associate with BMW vehicles," he added.
BMW India is a 100% subsidiary of the BMW Group and is headquartered in Gurugram. BMW Group has invested over Rs 520 crore in BMW India. The wide range of activities in India includes a manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurugram and the development of dealer organisation across metropolitan centres of the country.
Published By:
Varun Singh
Published On:
Dec 11, 2023
