Carmakers have cited rising input costs as the primary reason for the price hike.
BMW, Toyota, Mercedes-Benz and Audi have announced a price increase across their model line-up from April 1, 2022. All carmakers have cited rising input costs as the major reason behind the hike.
- BMW will increase prices by up to 3.5 percent across its model range
- Toyota will hike prices by four percent for its models
- Mercedes-Benz and Audi will increase prices by three percent for their model range
In January this year, several car brands, including luxury ones, had increased the prices citing the same reason.
BMW
BMW said it will be increasing the ex-showroom prices of its models in India by 3.5 percent. The brand said that the hike will be brought into effect to adjust the material and logistical cost, current geo-political situation and exchange rates. Currently, the BMW India line-up consists of the 2-series Gran Coupe, 3 Series, 3 Series Gran Limousine, 5 Series, X1, X3 and others. The price hike is, however, not applicable for BMW-owned Mini cars.
Toyota
Toyota’s ex-showroom prices will be increased by up to four percent. After January, this is the carmaker’s second price hike in 2022. In India, Toyota’s line-up consists of the new Glanza, Urban Cruiser, Innova Crysta, Fortuner, Camry and the Vellfire luxury MPV.
Mercedes-Benz
Mercedes-Benz has said that prices for all its models will go up by three percent Back in January, Mercedes-Benz had increased its prices by 2 percent on select models. Mercedes-Benz’s India line-up includes the A-Class Limousine, E-Class, CLS, S-Class, GLC, GLE and GLS, among others.
Audi
Audi has also announced a three percent price hike across its line-up citing the same reason of rising input costs. In January too, Audi had increased the prices by three percent. Audi India’s line-up includes the A4, A6, A8, Q5, e-tron, among others.
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