BMW Group India has announced its plan to increase prices for BMW as well as MINI cars in India.
The German automaker said the increase in prices for BMW and MINI cars will come into effect starting next month -- from November 1, 2020, to be precise.
As for the quantum of the price hike -- BMW said the prices will go up by up to 3 per cent. The company also explained the rationale for the decision, saying the increasing costs as well as the depreciation of currency led it to announce the impending price hike.
At the moment, BMW produces the BMW 3 Series, BMW 3 Series Gran Turismo, BMW 5 Series, BMW 6 Series Gran Turismo, BMW 7 Series, BMW X1, BMW X3, BMW X4, BMW X5, BMW X7, and MINI Countryman in India.