BMW Group India has raised prices by up to 3% on its BMW and MINI car lineup, effective April 1, 2025. The price hike will be applicable on both luxury sedans and SUVs in BMW's portfolio, including locally manufactured models.
But the company did not mention which specific models would have the maximum price hikes.
This price increase is due to increased input costs, especially increased material costs, which have been hitting automakers around the world. The move to raise prices is part of a trend in the auto industry where several carmakers have announced comparable price increases based on higher manufacturing costs.
BMW India, a wholly owned subsidiary of the BMW Group, has its head office in Gurugram, NCR, and operates a manufacturing plant in Chennai. The company has invested over Rs 520 crore in its Indian operations, which include a parts warehouse in Pune, a training center in Gurugram, and a vast dealer network in major cities.
Apart from the price hike, BMW India offers financial assistance through its Smart Finance packages, which range from compelling monthly payments, lower interest rates for specific models, guaranteed buy-back facilities, and flexible end-of-term options.
Earlier in the day, Renault India had also put up its car prices by as much as 2% on all its models from April. Similar to BMW, Renault cited increased cost of production as the basis for the price revision, with the company saying that it has been bearing these higher costs for a long while.
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