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BMW & MINI Cars Get Price Hike From July 1
8 Jun
Summary
- BMW and MINI vehicle prices will increase by up to 2 percent.
- The price adjustment takes effect from July 1.
- Macroeconomic factors like rupee depreciation are cited reasons.
Starting July 1, BMW Group India will increase the prices of its BMW and MINI vehicles by up to 2 percent. This price adjustment will affect all models, regardless of whether they are produced locally or imported as completely built-up units.
Company President and CEO Hardeep Singh Brar stated that the price hike is a necessary measure to counteract "macroeconomic headwinds." Specifically, the rising costs associated with rupee depreciation and escalating logistics expenses have necessitated this change to maintain the brand's premium standards.
The range of locally produced BMW cars includes models such as the 2 Series Gran Coupe, 3 Series, 5 Series, 7 Series, and various X series SUVs, alongside performance-oriented M models and the iX1. Additionally, fully imported BMW and MINI models, including high-performance M variants and electric vehicles like the i5 M60 and i7, will also see their prices adjusted.
