BMW India Set To Hike Car Prices On 1 January, 2024 (Press Release) | V3Cars

13 December 2023
By Nikil Jonathan
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BMW India have announced a price increase of up to 2% across its model range owing to rising input and operational costs. The price hike will be effective from 1 January, 2024. Hence, now may be a good time to book your dream BMW.

Here’s what BMW India have to say about the price hike:

Gurugram. BMW India has announced a price increase of up to 2% across the BMW model range. The new prices will be effective from 01 January 2024 onwards.

Mr. Vikram Pawah, President of BMW Group India, said, "BMW India’s decision to implement a price increase across the model range is a thoughtful response to a confluence of factors. In the face of evolving dynamics, fluctuations in exchange rates and rising input costs, this price adjustment will sustain the crucial balance that allows us to consistently deliver the high standards and power-packed experience our customers associate with BMW vehicles.”

The range of locally produced cars includes the BMW 2 Series Gran Coupe, BMW 3 Series Gran Limousine, BMW M 340i, BMW 5 Series, BMW 6 Series, BMW 7 Series, BMW X1, BMW X3, BMW X5, BMW X7 and MINI Countryman.

BMW dealerships display BMW Z4, BMW M4 Coupe, BMW X3 M40i, BMW X4 M40i, BMW M5, BMW M8 Coupe, BMW XM and the electric cars BMW iX1, BMW i4, BMW i7 and BMW iX which are available in the country as completely built-up units (CBU).

Thanks to BMW India Financial Services, customers can enjoy complete peace of mind with customized financial plans. BMW 360˚ Finance Plan includes attractive monthly instalments and rate of interest, assured buy-back options and flexible term-end opportunities among other benefits. BMW India Financial Services is also presenting exclusive offers applicable on limited units of select models.

BMW India is a 100% subsidiary of the BMW Group and is headquartered in Gurugram (National Capital Region). Till date, BMW Group has invested over INR 5.2 billion (€ 72 million) in BMW India. The wide range of activities in India include a manufacturing plant in Chennai, a parts warehouse in Pune, a training centre in Gurugram NCR and development of a dealer organisation across metropolitan centres of the country. Currently, BMW Group India has over 80 touchpoints in the Indian market. The total number of employees at BMW Group India is 650.

Also Read: Audi India Announce Price Hike Effective January 1, 2024

Maruti Suzuki To Increase Prices On January 1, 2024

Hyundai India To Increase Prices On January 1, 2024

MG Motor India To Increase Prices On January 1, 2024

Note: Now Find Out The Fuel Price In India Using V3Cars

ABOUT THE AUTHOR

Nikil Jonathan

Nikil's a huge fan of classic cars, especially Italian beauties such as the Alfa Romeo Giulia Sprint and the Iso Grifo. His love for cars and bikes originated when he first laid his eyes on a poster of the Ferrari F40 and the MV Agusta F4 when he was just a child. He also loves all things analogue, especially vintage cameras and turntables.

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