BMW to hike prices from July 1
Mumbai: German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW
Mumbai: German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios with effect from July 1.The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement."To protect our premium standards against macroeconomic headwinds -- specifically rupee depreciation and escalating logistics costs -- we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1," said Hardeep Singh Brar, President and CEO, BMW Group India.Also Read: Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand aheadBMW India's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models.Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU). Also Read: Maruti, Tata lead hatchback revival as India's carmakers rediscover the mass market
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