BMW to hike prices in India by up to 4% from January

German luxury car maker BMW said it will increase prices in India by up to 4 per cent with effect from January next year. The company sells a variety of vehicles in India ranging from SUV X1 to 7 Series sedan, priced between Rs 34.5 lakh and Rs 2.45 crore (ex-showroom).

“From January 1, 2019, BMW India will increase the prices of its cars by up to 4 per cent,” BMW Group India Chairman Vikram Pawah said in a statement.

The company, however, did not give any specific reason for the price hike.

The range of locally produced BMW cars in India include the BMW 3 Series, the BMW 3 Series Gran Turismo, the BMW 5 Series, the BMW 6 Series Gran Turismo, the BMW 7 Series, the BMW X1, the BMW X3, the BMW X5 and the MINI Countryman. BMW dealerships also display the BMW X6, the BMW Z4, the BMW M2 Competition, the BMW M3 Sedan, the BMW M4 Coupe, the BMW M5 Sedan, the BMW X5 M, the BMW X6 M and the BMW i8 which are available in the country as completely built-up units (CBU).