BMW India has finally announced a price hike across the entire range. So for all you luxury car enthusiast out there, it is time to revisit your budget. Starting January 1, 2025, BMW cars will be costlier by up to 3%. Meanwhile, Mercedes-Benz India has also declared such price revisions recently. So let’s know about the new price revisions and the ball game for the buyer.
Understand The Reasons Behind the Price Hike
The price hike is attributed to rising input costs, inflationary pressures, and higher operational expenses. BMW, like other automakers, is facing increasing production and logistics costs, which have made it challenging to maintain current pricing. Adjusting the prices ensures the brand can continue delivering high-quality vehicles without compromising on innovation and performance.
BMW Models Affected
Among BMW’s Indian models, different variants can be seen ranging from those produced locally to imported Completely Built-up Units or CBUs.
Locally Produced Cars:
- Sedans:2 Series Gran Coupe,3 Series Long Wheelbase,5 Series Long Wheelbase,7 Series Long Wheelbase
- SUVs: X1, X3, X5, X7
- Performance Model: M340i
- CBU Cars:
- Electric Cars: i4, i5, i7, i7 M70, iX1, BMW iX
- Sports Cars: Z4 M40i, M2 Coupe
These models will face price hikes, though that will differ depending on the car model and specifications.
BMW India: Mercedes-Benz Price Hike
The announcement by BMW comes a week after Mercedes-Benz had proposed to raise prices up to 3% from January 2025. Mercedes also cited inflation, besides the higher cost of operations, as the reason for the price hike.
Mercedes-Benz says it is increasing prices in the range of ₹2 lakh for cars like the GLC to ₹9 lakh on the high-end Maybach S 680 luxury limousine. BMW says it is also raising prices, though it does not give exact amounts. The increase will have the same kind of effect depending on the model and price points.
BMW India: Effect on Buyers
For the consumers, the price hike acts as a pointer to conclude the purchases before more costs are added. Luxury car lovers interested in purchasing BMW may opt to seal their deals before 1st January 2025.
The rise might also encourage consumers to look for other financings options such as loan or leasing deal that would offset the increased prices.
BMW India: Broader Industry Trend
The automotive industry is experiencing a trend where manufacturers are revising prices due to rising global inflation, supply chain disruptions, and increasing demand for premium materials. While this impacts affordability, it underscores the ongoing commitment of luxury carmakers to maintain quality and invest in next-generation technologies.
FAQs
Why is BMW increasing its prices in India?
BMW India increased prices as input cost, inflation, and running costs made it challenging to maintain the current structure of pricing.
When do the new prices take effect?
The revised prices will come into effect from January 1, 2025.
Which BMW models see the hike?
Hike: The hike is applicable across the entire range, be it from locally produced models like 3 Series, 5 Series, and X3, or imported models like iX, Z4, and M2 Coupe.
Are other auto players also hiking prices?
Yes, Mercedes-Benz India too recently announced a price hike of up to 3% across its model range, effective the same date.
What will the cost of BMW cars be post the hike?
As much as the increase varies with the particular model, prices are believed to jump by up to 3%, which could make a big difference depending on what the car was originally priced at.
Be First to Comment