BMW India has announced a 3% hike in prices from January 2016. The company stated that this hike will include models which are locally assembled and those that are brought into the country via the CBU route.
The hike in prices announced by BMW India is due to rising input costs. The company imports several of its components from global markets even as increased localization is being planned to the extent of 50 percent. The company’s localized components include engines and gearboxes from Force Motors, exhaust systems from Tenneco Automotive and Axles from ZF Hero Chassis. Besides these BMW India also procures seats from Lear India, HVAC units from Mahle India and Valeo while door panels and wiring harnesses are from Draexlmaier.
Conducting production operations from its plant in Chennai, BMW India manufactures 14,000 units per annum with the plant operating at 60-70 percent capacity. As on date, the company sells a range of models in India right from the 1,3,5,6 and 7 Series to X1, X3 X5 SUVs and the hybrid model i8. 6 Series Gran Coupe, X6 and Z4 are brought into India as Completely Built Units (CBU).
The company’s M Division high performance range includes the M3 Sedan, M4 Coupe, M5 Sedan, M6 Gran Coupe, X5 M and X6 M. All prices vary from INR 29.9 lakhs to INR 2.29 crores while the MINI series which includes 3 door, 5door, Convertible and Countryman is priced from INR 28.5 lakhs to INR 36.5 lakhs.
BMW India has a total of 39 dealerships across India with the MINI range is sold through four dealerships in Delhi, Mumbai, Bengaluru and Hyderabad.