Starting september 1, owning a bmw will come with a 3% price increase across all models, making it a challenging time for luxury car enthusiasts. This marks the second price hike this year, following a previous adjustment in April, and is likely to leave customers feeling disappointed.
The rise in prices is attributed to several factors, including escalating material and logistics costs, compounded by ongoing foreign exchange volatility. These economic pressures have made it necessary for bmw to adjust their pricing structure.
Models produced locally, such as the bmw 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series, as well as the X1, X3, X5, X7, M340i, and iX1 Long Wheelbase, will see an increase in their selling prices next month. Additionally, for electric vehicle enthusiasts, BMW’s lineup includes the i4, i5, i7, i7 M70, iX, Z4 M40i, M2 Coupe, M4 Competition, M4 CS, M5, M8 Competition Coupe, and the XM Plug-in Hybrid.
Vikram Pawah, President and CEO of bmw Group India, highlighted the brand’s impressive growth and sales in the first half of the year. However, he acknowledged the challenges posed by foreign exchange fluctuations and global supply chain issues that have driven up costs. Despite these challenges, bmw remains committed to delivering exceptional value and customer experience. With the festive season approaching, the company plans to introduce new, high-performance models, continuing to meet the strong demand for its luxurious and innovative vehicles. As bmw strives to maintain its reputation for excellence, customers can expect both performance and innovation in their upcoming offerings..jpg)
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