BMW to hike prices by up to 5 pct across models from August 15

BMW to hike prices by up to 5 pct across models from August 15

BMW Group India is announcing a price increase of up to 5 per cent across the BMW and Mini product range effective 15 August 2013, according to a company statement

 

PTI

New Delhi: German luxury car maker BMW group today said it will increase prices of its products across models, including the Mini, by up to 5 per cent amid higher import costs due to the declining rupee.
BMW Group India is announcing a price increase of up to 5 per cent across the BMW and Mini product range effective 15 August 2013, according to a company statement. "We are making price decisions with all due care and consideration, ensuring that they pay off in the long run," BMW Group India President Philipp von Sahr said.
While the company did not specify the reasons for the price hike, industry experts have pointed out that import costs have gone up due to the falling rupee. At present, BMW sells a range of vehicles in India, including sedans 3, 5, 6 and 7 Series, along with SUVs X1, X3, X5 and sports car M Series, which are priced between Rs 28.6 lakh and Rs 1.73 crore.
The company's luxury compact car, the Mini series, is currently available between Rs 26.6 lakh and Rs 37.50 lakh.