German luxury car maker BMW Group India on Monday said it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios 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 macroeconomic headwinds — 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 Hardeep Singh Brar, President and CEO, BMW Group India.
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.
Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU).