Luxury car maker BMW on Wednesday said it has hiked the prices of its entire range of cars, including the Mini brand, in India by up to 6% with immediate effect.
"BMW Group India has announced a price increase for the BMW and Mini product range effective January 1, 2013," the company said in a statement.
The price increase will range between 5 % and 6%, it added.
After the hike, the BMW range is priced between Rs. 25.50 lakh and Rs. 1.42 crore, while the Mini brand would cost between Rs. 26.60 lakh and Rs. 37.50 lakh.
Commenting on the development, BMW Group India president Philipp von Sahr said: "We want to maintain sustainable leadership in the Indian market with a strong brand and an exceptional model range with unbeatable product substance. With the price increase, BMW Group will maintain its premium positioning in the Indian luxury car segment."