BMW India To Hike Prices Of Entire Lineup By Upto 3 From November 1 2020

• Price hike of upto 3% will be implemented across all product portfolios under the BMW group from November 1 onwards.

• This includes all domestically produced and CBU units, under both the BMW brand and the MINI brand.

• BMW India is also gearing up for the launch of the 2 Series Gran Coupe on October 15.

has announced a price hike across its entire product portfolio by upto 3 per cent, with effect from November 1. The reason given by the German carmaker is the rising costs and depreciating currency

The President of BMW Group India, Mr. Vikram Parwah had this to say, "BMW Group India will increase the prices of its cars by up to 3% from 1 November 2020 because of rising costs and depreciating currency. With comprehensive solutions and customer centric offers from BMW India Financial Services and distinguished services across the dealer network, BMW Group India remains at the forefront of providing an unparalleled experience at all times."

Like fellow German brand, , BMW, too, will back this price hike with lucrative financial schemes that reduce the cost of ownership. MINI, which also comes under the BMW Group, will also be at the receiving end of this increase.

BMW's portfolio in India includes domestically produced, as well as imported completely built up (CBU) units. Domestic models include the are some of the models available in India as CBU units.

BMW India is also gearing up for the launch of the sedans.