BMW India to Hike Car Prices by Up to 3% from January 1
22 Nov 2024, 06:04 PM
2.7K
BMW India has announced a price hike of up to 3% across its model range, effective January 1, 2025
The price revision is attributed to rising input costs and will apply to both locally manufactured and imported models (CBU).
According to a statement from the company, the price hike will apply to the models that are manufactured and imported in India.
The locally produced lineup includes popular models like:
- BMW 2 Series Gran Coupe
- BMW 3 Series Long Wheelbase
- BMW 5 Series Long Wheelbase
- BMW 7 Series Long Wheelbase
- BMW X1
- BMW X3
- BMW X5
- BMW X7
- BMW M340i
Meanwhile, the completely built-up units (CBUs) that will also see the price adjustment include:
- i4
- i5
- i7
- iX1
The performance-oriented segment:
- M2 Coupe
- M4 Competition
- BMW Z4 M40i
- BMW XM hybrid
BMW Group has invested over Rs 520 crore in BMW India till now. The company has a manufacturing plant in Chennai, a parts warehouse in Pune, and a training center in Gurugram.
“BMW India’s strategic price adjustment across the model range is a response to shifting market conditions, inflation, and increasing input costs. This thoughtful decision allows us to ensure operating profitability and continuously deliver the BMW standards of excellence in terms of quality, performance, and brand experience,” a BMW spokesperson said.
Last week, Mercedes-Benz announced to hike the prices of its vehicles in India by up to 3 percent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures, and higher operational expenses.
AD
CarOnPhone is your one-stop destination to see all upcoming cars, latest cars, released cars, and EV Cars, and compare Cars in all Car Brands. Stay tuned and follow us to update yourself on the automotive world.
Was this article helpful?
Sign up for our Newsletter
AD
Recent News
Popular News
