The New Financial Year Will Be Tough for Car Buyers 🚗💰
The new financial year is just around the corner, and it’s not good news for auto customers. Starting from April 2025, many car companies will raise their prices. This includes BMW Group India, a luxury car maker that will increase prices across all its models.
Price Hike by BMW India 📈
On Thursday, BMW India announced a 3% price increase for its BMW and Mini car range. These new prices will be effective from April 1, 2025. However, the company has not shared which models will see the biggest price jump. This increase is mainly due to rising costs for raw materials and production.
Impact on Luxury Cars and SUVs 🚙✨
This price adjustment will affect both luxury sedans and SUVs, including models made in India. Generally, automakers revise their prices twice a year, and BMW is following this trend. Other car brands are also increasing their prices for similar reasons, as the costs of materials continue to rise.
Renault India Joins the Bandwagon 🚘💵
Renault India has also announced a price hike of 2% for all its car models starting in April. This decision comes after facing rising production costs for a long time. The price increase will vary depending on the specific models and variants.
In summary, car buyers should be prepared for a bumpy ride in the new financial year with rising prices from luxury brands like BMW and Renault. It’s a challenging time for auto customers.
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