The German car maker has announced a price increase from 7 to 10 per cent across the BMW and MINI range.
After the recent 5 per cent price hike that was put to effect from August 15, 2013, BMW India has once again increased prices of its cars by 7-10 per cent across its entire BMW and MINI range.
The German car maker's last price hike was a result of the rising input costs, expensive imports and depreciating Indian rupee but there has been no specific reason given by BMW Group for this one.
Commenting on the announcement, Philipp von Sahr, president, BMW Group India said, "At BMW Group, we believe that both profitability and growth are essential for a win-win situation at the end. We are making price decisions with all due care and consideration ensuring that they pay off in the long run."
For those willing to buy their BMWs and MINIs at the current price, BMW Financial Services India and MINI Financial Services India are offering a range of convenient and customized financing solutions for all. Both these institutions will also offer lease for individuals and corporate customers along with insurance solutions through their cooperation partner in India.
While the BMW 1 Series, 3 Series, 5 Series, 7 Series, the X1 and the X3 are locally assembled at the BMW Plant in Chennai; the BMW 6 Series Coupe, 6 Series Convertible, 6 Series Gran Coupe, X5, X6 and the Z4 are available in the country as Completely Built-up Units (CBU). Apart from these, the BMW M5, M6 Coupe, M6 Convertible, the BMW 6 Series Individual and the 7 Series Individual can also be ordered as CBUs.
Of the MINIs, the Countryman is locally assembled while the MINI Hatch and MINI Convertible are imported into India as CBUs.
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