BMW cars in India to be costlier from 2024 as prices hiked by 2%

BMW India has announced that it will increase the prices of its cars by up to 2% from January 2024. The automaker cited rising input costs, fluctuating exchange rates and others as reasons for the hike. The BMW XM, reportedly the brand's most expensive car in India at ₹2.6 crore (ex-showroom), will cost around ₹5 lakh more after the hike.