BMW Group India to hike prices by up to 3 pc from April 1

by IANS |

New Delhi, March 20 (IANS) Joining a series of automakers, BMW Group India on Thursday announced a price increase of up to 3 per cent across its BMW and MINI car range.

According to the official notification, the revised prices will come into effect from April 1, 2025. However, the company has not specified which models will see the highest price increase.

The latest price adjustment by BMW India is driven by rising input costs, which have been increasing due to higher material expenses.

The adjustment will affect both luxury sedans and SUVs in BMW’s lineup, including the company’s locally produced models.

Automakers, including original equipment manufacturers (OEMs), generally revise car prices twice a year.

This move follows a trend among automakers, as several brands have also announced price hikes citing similar reasons.

The increase in material costs has put pressure on manufacturers, leading to adjustments in vehicle prices.

BMW India provides financial support to customers through BMW India Financial Services. The company’s Smart Finance options include attractive monthly installments, reduced interest rates for selected models, assured buy-back options, and flexible end-of-term benefits.

BMW Group India, a fully owned subsidiary of the BMW Group, is headquartered in Gurugram, NCR.

The company has invested over Rs 520 crore in its Indian operations, which include a manufacturing plant in Chennai, a parts warehouse in Pune, a training center in Gurugram, and an extensive dealer network across major cities.

Earlier in the day, the Renault India also announced that it will raise the prices of all its car models by up to 2 per cent, starting April.

The price increase will depend on the model and variant. The company stated that the decision was driven by rising production costs, which it has been absorbing for an extended period.

Renault India Country CEO and MD, Venkatram Mamillapalle, stated, "We have tried to keep prices stable for a long time, but the continuous rise in input costs has made this adjustment necessary."