BMW, Renault to hike car prices from April

The BMW Group India and Renault India announced an increase in their vehicle prices from April 1.

In a statement on Thursday, BMW said it will increase the prices by up to 3 per cent across the BMW and MINI car range from next month. This is the second price hike this year by the luxury carmaker after undertaking a similar hike in January.

Similarly, Renault India said it will increase prices of its entire model range by up to 2 per cent from April 1. This is the first price hike announced by the company since February 2023.

Earlier this week, several carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, had announced plans to hike vehicle prices from April 1, citing rising input costs.