BMW Group India is preparing to raise vehicle prices for the fourth time in 2026, driven by the weakening rupee and escalating commodity costs. The luxury automaker has already implemented three price hikes this year, with total increases of up to 5% across its BMW and MINI lineups.
Hardeep Singh Brar, President and CEO of BMW Group India, confirmed that another price revision is under consideration, potentially as early as next month. “The forex has hit us quite a bit. We have increased prices by 4-5% till now and there’s another one around the corner,” Brar said. He noted that foreign exchange conditions have deteriorated by about 18% since January 2025, putting significant pressure on margins.
Expanding Local Production to Offset Costs
Brar made the announcement following the launch of the new BMW 7 Series in India. The flagship luxury sedan is now available with both petrol and fully electric powertrains, including the high-performance BMW i7 M70. Bollywood actor Ranveer Singh unveiled the new models and was introduced as the brand voice for BMW India.
To mitigate cost pressures, BMW is expanding local assembly. The new BMW i7 will be produced at the company’s Chennai plant, making India the only country outside Germany to locally manufacture the electric luxury sedan. However, the higher-performance i7 M70 will continue to be imported as a completely built-up unit.
Pricing for the New 7 Series
The new BMW 740 M Sport is priced at Rs 1.95 crore (ex-showroom), while the electric BMW i7 eDrive 50 xDrive M Sport carries the same ex-showroom price. The top-of-the-range BMW i7 M70 xDrive is priced at Rs 2.65 crore (ex-showroom) and will be imported.
BMW did not specify the size of the next price increase, but Brar confirmed that another revision remains on the table as the company navigates currency volatility and rising input costs. Deliveries of the new 7 Series are expected to begin in October 2026.
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