BMW cars to get costlier in India, company to raise prices by up to 3% from January next year
Advertisement
BMW on Thursday said it will raise product prices by up to 3 per cent with effect from the first week of January.
All the products of the company, including the Mini range, will become costlier due to the price hike.
"The increase in prices is in continuation of our endeavour to offer the most aspirational and exceptional products to our customers and on adding more value to their overall ownership experience,"BMW Group India, President, Philipp von Sahr said in a statement.
"The company believes that the 'circle of sheer driving' pleasure can only be completed by introducing innovative products, building dealerships, services that engages passionately with our clientele to deliver premium services ahead of its time," he added.
At present, German luxury car maker sells a range of vehicles in India, including sedans 1, 3, 5, 6 and 7 Series, along with SUVs X1, X3, X5, sports car M Series and hybrid model i8, which are priced between Rs 29.9 lakh and Rs 2.29 crore.
The company's luxury compact car, the Mini series, is currently available between Rs 28.5 lakh and Rs 36.5 lakh.
Advertisement
All the products of the company, including the Mini range, will become costlier due to the price hike.
"The increase in prices is in continuation of our endeavour to offer the most aspirational and exceptional products to our customers and on adding more value to their overall ownership experience,"
"The company believes that the 'circle of sheer driving' pleasure can only be completed by introducing innovative products, building dealerships, services that engages passionately with our clientele to deliver premium services ahead of its time," he added.
At present, German luxury car maker sells a range of vehicles in India, including sedans 1, 3, 5, 6 and 7 Series, along with SUVs X1, X3, X5, sports car M Series and hybrid model i8, which are priced between Rs 29.9 lakh and Rs 2.29 crore.
Advertisement
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- A case for investing in Government securities
- Top places to visit in Auli in 2024
- Sustainable Transportation Alternatives
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects