• Saturday, November 23, 2024

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BMW India to hike model prices by up to 3 per cent

The German automaker said the new prices will be effective from January 1, 2025 and the hike will be applicable to its entire model range

Vikram Pawah, President and CEO, of BMW Group and Pooja Choudary, Dealer Principal, Infinity Cars during the launch of the all-new BMW M4 CS, in Mumbai, Friday, Oct. 4, 2024.(PTI Photo)

By: Shajil Kumar

LUXURY carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year.

The new prices will be effective from January 1, 2025 onwards, the German automaker said in a statement.

The company’s range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i.

BMW also sells models like i4, i5, i7, i7 M70, iX1, BMW iX, Z4 M40i, M2 Coupe among others as Completely Built-up Units (CBU).

Last week, Mercedes-Benz announced to hike the prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. (PTI)

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