BMW Group India have announced that they might raise their car prices by 4th of January 2021. This rise in prices will be implemented across all of their cars with approximately 2% increase. As per the President of BMW Group India, they will introduce new prices for BMW and Mini portfolio to cover their input costs. They expect this to benefit the dealer profitability and growth. BMW is willing to set uncompromising standards for the luxury automobile industry. Mahindra, MG Motor, and Ford have also decided to raise their prices.