BMW Group India will increase the prices of its BMW and Mini cars by up to 3 percent from April 1. The company has taken this decision due to rising input costs. This price adjustment will affect both BMW’s luxury sedans and SUVs.
Price Hike In India
Cars are getting expensive from next month and after Maruti Suzuki, Hyundai, Tata Motors, Kia and other companies, now BMW Group has announced an increase in the prices of its cars from April 1. The company is going to hike the price by up to 3 percent in its entire lineup of BMW and Mini cars. The new prices will be effective from April 1, 2025. The company says that this decision has to be taken due to rising costs. In such a situation, if you are thinking of buying cars of companies like BMW and Mini next month, then you will have to loosen your pocket more for this.
Citing rising inflation, BMW India has cited rising costs as the reason for the price change. The company says that the prices of auto components have increased, so the prices of cars have to be increased. Automobile companies usually change prices twice a year. With this move of BMW, other luxury companies may also announce car price hikes in the coming days. Many car companies have already announced price hikes.
The burden on customers will increase
This is common in the automobile sector. When costs increase, companies increase prices. This affects customers and they have to pay more to buy a car. BMW India also provides financial assistance to customers. Customers can get loans on easy installments through BMW Financial Services. The company provides financing facilities with low interest rates as well as buy-back options and easy terms.
Huge investment in the Indian market
Let us tell you that BMW Group India is a subsidiary of BMW Group. Its head office is in Gurugram. The company has invested more than Rs 520 crore in India. The company has a manufacturing plant in Chennai. There is a parts warehouse in Pune. There is a training center in Gurugram. Apart from this, there is also a dealer network in many cities of the country.
