BMW Group India to Increase Prices by Up to 3% Starting April 1
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Synopsis
BMW Group India has announced a price hike of up to 3% for its BMW and MINI vehicles effective April 1, 2025, due to rising input costs. This follows similar announcements by other automakers.
Key Takeaways
- Price increase of up to 3% for BMW and MINI.
- Effective from April 1, 2025.
- Driven by rising input costs.
- Impacting luxury sedans and SUVs.
- Financial services available for customers.
New Delhi, March 20 (NationPress) In line with a trend among various automakers, BMW Group India announced on Thursday a price rise of up to 3% for its BMW and MINI car lineup. The updated pricing will take effect from April 1, 2025, though the company did not disclose which specific models would experience the most significant increase.
This recent price revision comes as a result of escalating input costs, which have surged due to higher material expenses.
The price adjustment will impact both luxury sedans and SUVs within BMW’s offerings, including models produced locally.
It is common practice for automakers, including original equipment manufacturers (OEMs), to revise their vehicle prices biannually.
This decision aligns with a broader trend in the automotive industry, as numerous brands have recently announced price hikes for similar reasons.
Increasing material costs have placed significant pressure on vehicle manufacturers, necessitating adjustments in pricing.
BMW India offers financial assistance to its customers through BMW India Financial Services. Their Smart Finance options feature appealing monthly payments, lower interest rates on select models, assured buy-back alternatives, and adaptable end-of-term benefits.
Headquartered in Gurugram, NCR, BMW Group India is a wholly owned subsidiary of the BMW Group. The company has invested over Rs 520 crore in its Indian operations, which encompass a manufacturing facility in Chennai, a parts warehouse in Pune, a training center in Gurugram, and a vast dealership network across major urban centers.
Earlier today, Renault India also declared that it would raise the prices of all its vehicle models by as much as 2% beginning in April.
The price hike will vary depending on the specific model and variant, as the company cited rising production costs that it has been absorbing for a considerable period.
Renault India Country CEO and MD, Venkatram Mamillapalle, remarked, "We have endeavored to maintain stable prices for an extended duration, but the persistent increase in input costs has made this price adjustment essential."
