Impact On Auto Sector
Financial Express Chennai|December 26, 2024
HOWEVER, THE FALLING rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.

With 70-100% of their vehicle components being imported, these brands are reeling under cost pressures and have announced price hikes of 2-3%, effective January 1.

"BMW Group India's strategic price adjustment, across the range of models, is a response to shifting market conditions, inflation, and increasing input costs," a company spokesperson said.

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