German luxury Carmaker BMW said on Thursday that his vehicle prices will raise up to 3% by September 1, 2025, citing the adverse effect of the frequent forex fluctuations and the moving of the global supply chain. BMW currently sells luxury cars and SUVs with electric vehicles, which starts with 2 series Gran Coup of Rs 46.9 lakh and BMW XM has been tagged at Rs 2.6 crore.
BMW Group Chairman and Chief Executive Officer Vikram Pavwa said, “In the first half of the year, the growth and sales speed of BMW India are remarkable. However, constant forex effect and global supplies chain mobility have started to increase literature and logistics costs,” said BMW Group Chairman and CEO Vikram Pavwa.
He further, “During the festive season we are ready to present many new power-pack profiles of our car. BMW’s luxurious, leading car is on the rise, we will distribute exceptional performance and innovative to our valuable customers.”
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