Blitz Bureau
NEW DELHI: BMW Group India on August 14 announced it will increase the price of its cars by up to 3 per cent across its range. According to the official notification, the revised prices will come into effect from September 1. However, the company has not specified which models will see the highest price increase.
BMW Group India President and CEO Vikram Pawah said: “BMW India’s growth and sales momentum in the first half of the year have been remarkable. However, factors such as ongoing forex effects and global supply chain dynamics are driving up material and logistics costs. We are committed to providing the best value and experience at every stage of the customer journey.”
“During the festive season, we will introduce several new power-packed profiles of our cars,” he added. Domestically produced cars from the group include the BMW 2 Series Gran Coupe, BMW 3 Series Long Wheelbase, BMW 5 Series Long Wheelbase, BMW 7 Series, BMW X1, BMW X3, BMW X5, BMW X7, BMW M340i, and BMW iX1 Long Wheelbase, the release said.
The group informed that BMW India Financial Services offers customised financial plans for customers. BMW Smart Finance offering includes attractive monthly instalments, reduced rates of interest for selective models, assured buy-back options and flexible end-of-term opportunities, it said. With BMW, MINI and Motorrad, the BMW Group has its sights set firmly on the premium sector of the Indian automobile market. BMW India is a 100 per cent subsidiary of the BMW Group that started operations in 2007.
