BMW Group India to hike prices by up to 2 pc across BMW, MINI vehicle portfolios from July 1

Mumbai: German luxury car maker on Monday said it will increase prices by up to 2 per cent across its entire and with effect from July 1.

The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement.

“To protect our premium standards against — specifically rupee depreciation and escalating logistics costs — we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1,” said , President and CEO, BMW Group India.

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BMW India’s range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models.