New Delhi: BMW India has said it will increase prices by up to four per cent across its product portfolio with effect from 1 January 2019. 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.
Chairman, BMW Group India, Vikram Pawah, said, “From 1 January 2019, BMW India will increase the prices of its cars by up to four per cent. BMW India will continue to present an extremely attractive value to its customers through pioneering products, best-in-class service experience and comprehensive financial solutions and offers from BMW India Financial Services.”
The company, however, did not give any specific reason for the price hike.
BMW locally assembles and sell its 3 Series, the 3 Series Gran Turismo, the 5 Series, the 6 Series Gran Turismo, the 7 Series, and the X1, the X3, the X5 SUVs. Meanwhile, it also imports the X6, the Z4, the M2 Competition, the M3 Sedan, the M4 Coupe, the M5 Sedan, the SUV X5 M, the X6 M and the BMW i8 which are available in the country as completely built-up units (CBU).
BMW India is a 100% subsidiary of the BMW Group
BMW India is a 100% subsidiary of the BMW Group and is headquartered in Gurgaon (National Capital Region). Till date, BMW Group has invested over INR 5.2 billion (€ 72 million) in BMW India.