The primary reason for the price increase has been cited by automakers as rising input costs.
From April 1, 2022, BMW, Toyota, Mercedes-Benz, and Audi have announced a price increase across their entire model lineup. The major reason for the increase has been cited by all carmakers as rising input costs.
- 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
Several car brands, including luxury brands, raised prices in January this year, citing the same reason.
BMW has announced a 3.5 percent increase in the ex-showroom prices of its models in India. The increase will be implemented to adjust material and logistical costs, as well as the current geopolitical situation and exchange rates, according to the brand. The 2-series Gran Coupe, 3 Series, 3 Series Gran Limousine, 5 Series, X1, X3, and other BMW models are currently available in India. The price increase does not apply to BMW-owned Minis, however.
Toyota’s ex-showroom prices are expected to rise by up to 4%. This is the carmaker’s second price hike in 2022, following the one in January. The new Glanza, Urban Cruiser, Innova Crysta, Fortuner, Camry, and Vellfire luxury MPV are among Toyota’s offerings in India.
Mercedes-Benz has announced that all of its models will see a 3% price increase. Mercedes-Benz raised the prices of some models by 2% in January. The A-Class Limousine, E-Class, CLS, S-Class, GLC, GLE, and GLS are among the Mercedes-Benz models available in India.
Audi has also announced a 3% price increase across its entire lineup, citing rising input costs as the reason. Audi had increased its prices by 3% in January as well. The A4, A6, A8, Q5, and e-tron are among the Audi models available in India.