BMW cars to become expensive from January 1, price hike announced

Companies usually increase car prices twice every year.

BMW India will increase the price of its cars by up to 3% from January 1. The price hike will be across the BMW model range.

Original equipment manufacturers (OEMs) usually increase car prices twice every year.

The rising input cost is the primary reason for the OEMs increasing car prices. An increase in material cost is the major cause for the input cost going up.

The company's locally produced range of cars includes the BMW 2 Series Gran Coupe, BMW 3 Series Long Wheelbase, BMW 5 Series Long Wheelbase, BMW 7 Series Long Wheelbase, BMW X1, BMW X3, BMW X5, BMW X7 and BMW M340i.

BMW also offers BMW i4, BMW i5, BMW i7, BMW i7 M70, BMW iX1, BMW iX, BMW Z4 M40i, BMW M2 Coupe, BMW M4 Competition, BMW M4 CS, BMW M5, BMW M8 Competition Coupe and BMW XM (Hybrid) as completely built-up units (CBU).

BMW Group has invested over Rs 520 crore in BMW India till now. The company has a manufacturing plant in Chennai, a parts warehouse in Pune, and a training centre in Gurugram.

Rival Mercedes-Benz India will also increase the price of its cars by up to 3% from January 1.