BMW Group India on Monday announced that it will increase prices by up to 2 per cent across its entire BMW and MINI vehicle portfolios, effective July 1, citing macroeconomic pressures.
The price revision will apply to both locally manufactured models and completely built-up units (CBUs) across the 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 locally produced lineup includes models such as the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase.
The company also offers several CBUs, including the i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM.