BMW India is set to increase the prices of its entire range of cars. The new prices will be effective from April 1 and also applies to the Mini brand. The reason for the latest hike is not known yet.
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"BMW India has been in the forefront of providing sheer driving pleasure to the Indian customers by introducing innovative products, building world-class dealerships and offering state-of-the-art services ahead of its time," BMW Group India president Vikram Pawah said in a statement.
"In today's economic conditions, to maintain our exceptional brand positioning and continue offering a distinct value proposition to our premium clientele, we have decided to marginally revise the prices of the BMW and Mini product portfolio," he added.
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BMW India currently sells the 1 Series, 3 Series, 3 Series Gran Turismo, 5 Series, 7 Series, X1, X3 and X5, which are produced at the company's plant in Chennai, while the 6 Series Gran Coupe, X6 and Z4 are sold as Completely Built Units (CBU).
The M division high-performance car range include the M3 Sedan, M4 Coupe, M5 Sedan, M6 Gran Coupe, X5 M and X6 M, while the company also sells the electric-hybrid i8 in India. BMW India also sells Mini and Rolls-Royce.