BMW Group India on Tuesday announced price increases of 7-10% across the BMW and Mini product ranges, effective January 1, 2014.
Philipp von Sahr, president, BMW Group India, said, "At BMW Group, we believe that both profitability and growth are essential for a win-win situation at the end. We are making price decisions with all due care and consideration ensuring that they pay off in the long run."
The BMW 1 Series, the BMW 3 Series, the BMW 5 Series, the BMW 7 Series, the BMW X1 and the BMW X3 are locally produced at the BMW plant in Chennai. The BMW 6 Series Coupe, the BMW 6 Series Convertible, the BMW 6 Series Gran Coupe, the BMW X5, the BMW X6 and the BMW Z4 are available in the country as completely built-up units (CBUs). The BMW M5, the BMW M6 Coupe, the BMW M6 Convertible, the BMW 6 Series Individual and the BMW 7 Series Individual can also be ordered as CBUs.
Currently, BMW India has 37 sales outlets in the Indian market.