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BMW Cars to be Pricier from Next Month

BMW Cars to be Pricier from Next Month

Snapshot: BMW India will hike pricing of its cars up to 5.5% from April 2018.

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BMW India will increase pricing of its cars from April 2018. The luxury cars of the Bavarian auto giant will see price hike ranging between 3% and 5.5%. This price hike is attributed to the increased import duty on the CKD models and components. In the 2018-19 budget, union finance minister Arun Jaitley increased the excise duty of the CKD cars and bikes to 15% from previous 10%.

Presently, BMW has a wide range of best luxury cars on offer in the Indian market with pricing ranging between Rs. 30 lakh and Rs. 2 crore. The German luxury carmaker has just completed 11 years of manufacturing operations in India as it started local production and assembling in 2007. In order to boost the market stake of the company in India, BMW is aiming to increase localize production and number of models as well.

Meanwhile, BMW has launched a new initiative christened as Skill Next. Under this program, the automaker will deliver 365 engines and transmissions to various engineering colleges across the country that will help tens of thousands of students for training over next couple of years. The automaker will give these engine and transmissions to the colleges on a first come first served basis.

Speaking about the brand’s business growth in India, it registered a 25% surge in 2017 with 9,800 units. The company is returning in the growth track after being suppressed by the closest rival Mercedes Benz for quite some time. BMW is expecting to see more growth in India in coming days despite the soon to be increased pricing of its cars.

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