BMW India to hike prices by up to 2 pc from July 1

German luxury car maker BMW Group India on Monday said it will increase prices by up to two per cent across its entire BMW and MINI vehicle portfolios with effect from July 1.

The price hike will be applicable across locally-produced as well as completely-built-up BMW and MINI brands, the company said in a statement.

“To protect our premium standards against macroeconomic headwinds — specifically rupee depreciation and escalating logistics costs — we are introducing a price increase of up to 2 per cent across our portfolio, effective July 1,” said Hardeep Singh Brar, President and CEO, BMW Group India.

BMW India’s range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, X1, X3, X5, X7, M340i and iX1 Long Wheelbase models.

Besides, it also offers i5 M60, i7, i7 M70, BMW iX, M440i Convertible, M2 Coupe, M4 Competition, M5 and XM as completely built-up units (CBU).