[Auto] In the view of increasing input costs, the BMW Group has decided to increase the price of BMW and MINI cars in India by up to two per cent from 4 January, 2021.

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The coronavirus pandemic is having a far-reaching effect on the automobile industry. The pandemic not only hampered sales but also disrupted the global supply chain. And let's not discount the financial and economic impacts of the coronavirus. A combination of this has compelled automakers in India to increase the prices of their vehicles from the next year. Carmakers like Maruti Suzuki, Kia, Mahindra, Renault, and Honda have decided to make their vehicles costlier from the next year. Adding to this list is BMW Group, which has decided to hike the prices of BMW and MINI cars' price in India. This price increment will come into effect from 4 January and will make the cars expensive by up to two per cent. Just like other carmakers, even BMW has ascribed the price hike to increasing input costs. It must be noted that BMW is not only the only luxury brand that has announced an impending price hike; Audi India too will make its entire portfolio costlier by up to two per cent from 1 January, 2021. Vikram Pawah, President, BMW Group India, said, "In an unprecedented year, the company has been focused on providing best-in-class products and unparalleled services to its esteemed clientele. From January 4, 2021, BMW Group India will introduce the new pricing for BMW and MINI portfolio, increasing the prices marginally by up to 2 per cent to offset the increasing input costs."BMW's current lineup in India includes locally assembled vehicles like 2 Series Gran Coupe, 3 Series, 3 Series GT, 5 Series,6 Series GT, and SUVs like X1, X3, X5, and X7. The company's portfolio also includes models like 8 Series Gran Coupe, X6, Z4, M2, M5 Competiton, X3 M, and X5 M, all of which reach our shores via CBU (completely built-up) route. Besides these, the group also retails MINI three-door version, MINI five-door version, Cooper, Clubman, etc.