[Varun B]

Hello,
It looks like owning a German marquee has become that tad more difficult.

BMW hikes prices again!

https://www.carwale.com/news/bmw-ind...-and-3-series/

[CEF_Beasts]

Originally Posted by Varun B

Hello,
It looks like owning a German marquee has become that tad more difficult.

BMW hikes prices again!

This hike had already be done at the beginning of April, as of today there is no new hike. As mentioned in the article 8th of April.

[sam264_2000]

5th Gen Honda City prices increased by 10k

Source - https://indianautosblog.com/honda-ci...e-hike-p323230


Hyundai increases prices across its portfolio

Source - https://www.carwale.com/news/hyundai...om-april-2021/

[TusharK]

MG Gloster prices hiked by up to Rs. 80,000

MG has hiked the prices of the Gloster yet again. Prices have gone up by Rs. 50,000 - Rs. 80,000, depending on the variant.



The price of the base Super 7-seater variant remains unchanged at Rs. 29.98 lakh. The Sharp 7-seater variant gets a price hike of Rs. 70,000. It now costs Rs. 35.38 lakh.

The cheapest 6-seater variant is the Smart which costs Rs. 31.98 lakh. That's a hike of Rs. 50,000. The price of the Sharp 6-seater variant has gone up by Rs. 70,000 to Rs. 35.38 lakh, while that of the Savvy 6-seater has increased by Rs. 80,000 to Rs. 36.88 lakh.

The MG Gloster is powered by a 2.0-litre diesel engine, which comes in two states of tune. In the Super and Smart variants, the engine comes with a single turbocharger and makes 161 BHP @ 4,000 rpm and 375 Nm @ 1,500-2,400 rpm. These variants don't get the 4-wheel drive system.

The Sharp and Savvy variants get the 2.0-litre, twin-turbo diesel unit that is rated at 215 BHP @ 4,000 rpm and 480 Nm @ 1,500-2,400 rpm. This engine is mated to a shift-on-fly 4WD system and has an electro-mechanical differential lock. An 8-speed automatic gearbox is offered as standard across all variants.

Source: Rushlane

[Venkatesh]

Volvo Cars has hiked the prices of the S90, XC40, XC60 and XC90 by Rs 1-2 lakh effective from today, citing rising input costs.

Updated ex-showroom prices:



Link

[TusharK]

Renault Kiger prices hiked by up to Rs. 33,000

Renault has increased the prices of the Kiger crossover by up to Rs. 33,000 depending on the variant.

The Kiger is available in four trims - RXE, RXL, RXT and RXZ. The prices of the base RXE and RXE Dual Tone as well as the RXT Turbo CVT and RXZ Turbo CVT variants remain unchanged.

Renault Kiger ex-showroom prices (May 2021):

1.0L Petrol

RXE - Rs. 5.45 lakh
RXE DT - Rs. 5.65 lakh
RXL - Rs. 6.32 lakh
RXL AMT - Rs. 6.82 lakh
RXL DT (MT / AMT) - Rs. 6.52 lakh / Rs. 7.02 lakh
RXT - Rs. 6.80 lakh
RXT AMT - Rs. 7.30 lakh
RXT DT (MT / AMT) - Rs. 7.00 lakh / Rs. 7.50 lakh
RXZ - Rs. 7.69 lakh
RXZ AMT - Rs. 8.19 lakh
RXZ DT (MT / AMT)- Rs. 7.89 lakh / Rs. 8.39 lakh

1.0L Turbo-Petrol

RXL - Rs. 7.42 lakh
RXL DT - Rs. 7.62 lakh
RXT - Rs. 7.90 lakh
RXT DT (MT / CVT) - Rs. 8.10 lakh / Rs. 8.80 lakh
RXZ - Rs. 8.79 lakh
RXZ CVT - Rs. 9.55 lakh
RXT CVT - Rs. 8.60 lakh
RXZ DT (MT / CVT) - Rs. 8.99 lakh / Rs. 9.75 lakh

The Kiger is powered by a 1.0-litre, 3-cylinder turbo-petrol engine that produces 99 BHP @ 5,000 rpm and 160 Nm @ 2,800-3,600 rpm. It is also offered with a naturally aspirated 1.0-litre petrol motor producing 71 BHP @ 6,250 rpm and 96 Nm @ 3,500 rpm. Transmission options include a 5-speed manual, 5-speed CVT (Turbo-Petrol only) and a 5-speed AMT (NA Petrol only). In the CVT version, peak torque of the 1.0L turbo-petrol engine is restricted to 152 Nm @ 2,200-4,400 rpm.

[Senna4Ever]

Originally Posted by Venkatesh

Volvo Cars has hiked the prices of the S90, XC40, XC60 and XC90 by Rs 1-2 lakh effective from today, citing rising input costs.

Team-BHP News: S90 Discontinued

S90 price hike being anounced after discontinuation? So much inventory? But then why remove from website?

[clementj]

BMW seems to have raised prices of their cars for 2021.

The 330i Sport and 330i M Sport prices have gone up by 2L while the 320d Luxury Line sees a 1L price hike.

[TusharK]

Toyota Glanza, Urban Cruiser prices hiked by up to Rs. 33k

Toyota has hiked the prices of the Glanza and Urban Cruiser by up to Rs. 33,000.

The Glanza is available in two trims - G and V. The G MT and G CVT variants now cost Rs. 15,700 more, while the price of the mild-hybrid variant has gone up by Rs. 33,000. The top-spec V trims now cost Rs. 20,000 more.

The Toyota Glanza is offered with a choice of two BS-VI compliant petrol engines, which include a 1.2-litre, 4-cylinder unit that produces 83 BHP @ 6,000 rpm and 113 Nm of torque @ 4,200 rpm and a 1.2-litre DualJet petrol unit with a lithium-ion battery with an integrated starter generator that puts out 89 BHP @ 6,000 rpm and 113 Nm @ 4,400 rpm. Transmission options include a 5-speed manual and a continuously variable transmission (CVT).

The Urban Cruiser is available in Mid, High and Premium grades. The prices of the Mid and High grades have been hiked by Rs. 12,500 and Rs. 2,500 respectively. The Premium grade now costs Rs. 5,500 more.

The Urban Cruiser is powered by a 1.5-litre, 4-cylinder petrol engine, which produces 104 BHP @ 6,000 rpm and 138 Nm @ 4,400 rpm. All three variants are offered with a choice of a 5-speed manual or a 4-speed automatic transmission. Automatic variants get a lithium-ion battery with an integrated starter generator (ISG).

[TusharK]

BMW hikes prices of its models by up to Rs. 3.80 lakh

BMW has increased the prices of its models by up to Rs. 3.80 lakh, effective from April 8, 2021.

The prices of the 2 Series Gran Coupe have gone up substantially since its launch. The 220d Sportline now costs Rs. 80,000 more, while the 220i M Sport gets a price hike of Rs. 60,000. The price of the 220i Sport variant remains unchanged.

The 3 Series sedan has also become more expensive. The 330i Sport gets a hike of Rs. 1,00,000, while the prices of the 330i M Sport and 320d Luxury Edition have been hiked by Rs. 60,000 each.

The prices of the X1 sDrive20i SportX and sDrive20i xLine have been increased by Rs. 1,30,000 and Rs. 90,000 respectively, while the diesel variant costs Rs. 1,10,000 more.

The prices of the X3 xDrive30i SportX, xDrive30i Luxury Line and the xDrive20d Luxury Line have been hiked by Rs. 1,00,000, Rs. 90,000 and Rs. 1,20,000 respectively.

The X4 has also become more expensive. The xDrive30i M SportX is dearer by Rs. 80,000 and the price of the xDrive30d M SportX variant is up by Rs. 1,00,000.

The petrol and diesel variants of the X5 are dearer by Rs. 60,000 and Rs. 1,00,000 respectively.

Finally, the X7 gets the highest price hike. The xDrive40i M Sport now costs Rs. 2,50,000 more. The prices of the DPE and DPE Signature diesel variants have gone up by Rs. 2,90,000 and Rs. 3,80,000 respectively.

[Zen2001]

Originally Posted by TusharK

BMW hikes prices of its models by up to Rs. 3.80 lakh
BMW has increased the prices of its models by up to Rs. 3.80 lakh, effective from April 8, 2021.
.

Completely fail to understand the logic behind this especially during such an economic situation. Agreed that BMW's clientele might not have be so negatively affected during the past year, but indirectly some effects are going to remain. Also, many new aspiring (young & not so young) upper middle class, who would have been thinking of buying will only be more discouraged. Now was the time, especially for big profit brands to absorb their yearly "inflation" and instead offer substantial discounts to maintain their sales, if not increase them.

[sid_deb]

Originally Posted by Zen2001

Completely fail to understand the logic behind this especially during such an economic situation. Agreed that BMW's clientele might not have be so negatively affected during the past year, but indirectly some effects are going to remain. Also, many new aspiring (young & not so young) upper middle class, who would have been thinking of buying will only be more discouraged. Now was the time, especially for big profit brands to absorb their yearly "inflation" and instead offer substantial discounts to maintain their sales, if not increase them.

This is a common tactic used by luxury car makers. Increase the price and then offer it back as discounts to woo the customers. Just that some manufacturers like Toyota keep increasing the price and never give it back as discount while maintaining or increasing volumes.

Discounts are currently wafer thin on BMW and sales also isn't an issue for due to shortage of chips. Demand is exceeding supply. Heard that there is a waiting of almost 3-4 months on the X3.

[sampadroy]

Originally Posted by Zen2001

Completely fail to understand the logic behind this especially during such an economic situation. Agreed that BMW's clientele might not have be so negatively affected during the past year, but indirectly some effects are going to remain. Also, many new aspiring (young & not so young) upper middle class, who would have been thinking of buying will only be more discouraged. Now was the time, especially for big profit brands to absorb their yearly "inflation" and instead offer substantial discounts to maintain their sales, if not increase them.

Completely agree with you on this!
Last I checked the X1 diesel pricing in April, here in Kolkata and the OTR was crossing the 49L mark along with the Basic BSI and BRI packs!
Seriously atrocious pricing for a car like the X1, that should have been around the 35L Ex-showroom mark in the very first place!
Also, I was hardly offered any discounts and the reason was the low supply from BMW and on the other hand, quite a strong demand. (For X1 Diesel, at least).

The pandemic has seriously affected the supplies of these cars and as a result, the demand even after being the same as before, is more than what BMW can produce.

Also, I was offered a factory fresh piece with waiting of 20 days. Apparently, the BMW Dealers are not stocking up their stockyards at this moment. Hence, low or no discounts at all and only new factory-fresh pieces available.

I believe the dealers are doing this to preserve cash and reduce old stock liability during this uncertain and dynamic pandemic time when the demands of such luxury vehicles have only decreased and the luxury car market has been badly hit.
The dealers are now concentrating more on the Dealer Margin Profits than the volume and numbers from sales. Instead of selling 10 cars with an avg discount of 5L, they are selling maybe 4 cars a month now, but at full price with or without minimal discounts, keeping their Dealer Margin profits intact.

The reason again being the fall in demands and for the dealers, even selling 10 cars a month now has become difficult. That is why low or no discounts as the dealers don't want to bleed now, at any cost.
As far as I know, these cars usually sell with discounts of 10L minimum, on average, in the peak seasons such as Nov/Dec or Jan/March...

Coming to the other part now, there is a supply shortage of the CKD parts right from Germany (due to lockdown and restrictions in Germany), as a result, the input costs are rising and BMW is increasing the ex-showroom and transferring the complete hit to the customers.

But again, in no way, this justifies the crazy price increment. 20/30K for models like the X1 would have been fine, but ₹1,10,000!! Not at all!
What I believe is that BMW is also, in turn, creating a special provision for giving out discounts at the peak seasons by increasing the prices now. If ex-showroom was 38L and discount was 10L and now if ex-showroom is 40L and the discount is 12L, it is practically the same thing and BMW would be offering the same *net* discount and the dealer margin would also be the same but we customers would have to bear the hit and we would end up thinking that the discounts have only increased!
This is what BMW and the other german brands are doing and will be doing this year. They are simply creating provisions for discounts by effectively increasing the prices now. In simple words, fooling us, the customers.

BMW and the dealers very well know that a X1 is a highly popular and overpriced car. No one will be interested to offer more than 33/35L ex-showroom for such cars and hence, the 10L discounts on average.

"Sale volumes would be anyway low, no matter what, so why bleed when we can fool the customers!!"-- BMW India and the Dealers, right now.

They will slowly yet steadily keep on increasing the prices and at the year-end, during the peak season, they will simply offer the "already created" provision for discount from our own money and would fool us pretty swiftly.
It will be a Win-Win situation. BMW won't lose out on money, Dealers will have their net margins intact and the customer would take the actual hit and still think about the extra 2L discount he was offered by the dealer in a hush-hush, last-minute meeting during the negotiations.

WOW BMW!

It is upon us now to be very rigid this year and to take out the max discounts as much as possible. When we are spending our hard-earned money on these highly overpriced cars, we have to be one step ahead of them, always!

[Venkatesh]

Tata Motors will be increasing prices across its passenger vehicles in the country from May 8, 2021. The quantum of the price hike will average about 1.8%, depending on the model and variant.

Customers who booked Tata cars on or before May 7 this year will be protected from the price increase, the automaker confirmed. The price hike is a part of Tata's 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers.

Source

[PrasannaDhana]

Originally Posted by Venkatesh

Customers who booked Tata cars on or before May 7 this year will be protected from the price increase, the automaker confirmed.

I was about to make a booking this morning but postponed it to next week since I got held up at work. Now I will have to pay 20k extra i guess