Planning to buy a luxury car from BMW? So hurry up, the company is going to take a big decision in January!
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German luxury car maker BMW Company has now decided to increase the prices of all its cars. Its objective is to find a solution to the fluctuations in foreign exchange rates and rising prices of raw materials. These new prices will be effective from January 1 and will increase by up to two percent.
Because of this the prices are being increased
BMW Group India President Vikram Pawah said that the objective of this move coincides with the overseas market situation and will help in maintaining price adjustment. “This price adjustment is important due to fluctuations in foreign rates and rising costs of raw materials,” Pawah said.
BMW India sells various premium car models
BMW India sells various premium car models, ranging from the BMW 220i M Sport to the BMW XM. The prices of these cars range between Rs 43.5 lakh to Rs 2.6 crore.
Many companies announced price increases
Before this, other companies like Maruti Suzuki, Hyundai, Tata, Mahindra, Honda and Audi have also planned to increase the prices of their cars from January.
fluctuations in exchange rates
The move is part of a response to growing business challenges that are being driven by strong changes in various sectors. Fluctuations in exchange rates and rising commodity prices are making many companies feel the need to set prices anew.
Focus on highest quality and innovation
The President of BMW Group India also said that with a focus on highest quality and innovation, the company has strived to ensure that its vehicles meet world-class standards and meet the expectations of its customers. Thus, BMW has made this small change in the pricing of its vehicles in response to the growing technology and market challenges across the globe.
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