BMW and Hyundai Hiked Prices for 2024

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Introduction:

In a dynamic start to 2024, two automotive giants, BMW and Hyundai, have implemented noteworthy adjustments to the prices of their car models in India. This article takes an in-depth look at the specific revisions made to popular BMW models, including the 2 Series Gran Coupe, X1, and X5, as well as Hyundai’s Grand i10 Nios and i20 range.

Car ModelVariantPrice Hike/Revised PriceVerdict
BMW 2 Series Gran Coupe220i M SportRs. 40,000Price hikes may prompt reconsideration, but premium features and performance still offer value.
220i M Sport ProRs. 40,000
M Performance EditionNo ChangeRemains unchanged; maintains its competitive edge.
220d M SportRs. 50,000The diesel variant sees a significant hike; buyers may weigh options carefully.
BMW X1sDrive 18i M SportRs. 60,000Potential buyers may evaluate the increased cost against the SUV’s luxury and performance features.
sDrive 18d M SportRs. 90,000Substantial hike; may impact competitiveness in the SUV segment.
BMW X5xDrive xLineRs. 80,000Moderately elevated; still an attractive choice for those seeking luxury and performance.
xDrive30d xLineRs. 80,000
xDrive40i M SportRs. 1,10,000Higher cost for top-tier features; exclusive appeal for luxury SUV enthusiasts.
xDrive30d M SportRs. 1,10,000
Hyundai Grand i10 NiosEra 1.2 Kappa MTRs. 7,950Significant hike; may impact budget-conscious buyers, but features and efficiency remain appealing.
Sportz 1.2 Kappa CNG MTRs. 50Minor hike; overall competitiveness maintained.
Hyundai i20 RangeAsta (O) MTRs. 1,900Moderate increase; features and design may still attract buyers.
i20 N Line (N6 MT)Rs. 10Minor hike; entry-level N Line variant remains competitive.
Other VariantsRs. 4,900Uniform hike; buyers may assess the additional cost against premium features and design.
Price Hike Analysis – Model Wise

BMW 2 Series Gran Coupe: Precision in Pricing

Source – BMW India
  • BMW India’s comprehensive price revision for January 2024 has impacted the entire range, with the entry-level 2 Series Gran Coupe witnessing an increment of up to Rs. 50,000.
  • Available in three petrol variants – 220i M Sport, 220i M Sport Pro, M Performance Edition – and one diesel variant, 220d M Sport, the 2 Series Gran Coupe now starts at an ex-showroom price of Rs. 43,90,000.
  • The petrol variants face a Rs. 40,000 increase, the diesel variant sees a bump of Rs. 50,000, while the M Performance Edition remains untouched.
  • Verdict: The price increment across the 2 Series Gran Coupe variants, particularly for the petrol and diesel options, might make potential buyers reassess their choices. However, the model’s premium features and performance could still justify the revised pricing.

BMW X1: Navigating Price Adjustments for Luxury

Source – BMW India
  • Launched in May 2023, the third generation of the BMW X1, a contender in the luxury SUV segment, experiences a price hike of up to Rs. 90,000.
  • The two variants, sDrive 18i M Sport and sDrive 18d M Sport, witness increases of Rs. 60,000 and Rs. 90,000, respectively.
  • Under the hood, the X1 features a 1.5-litre three-cylinder turbo-petrol engine for the 18i M Sport and a potent diesel engine for the 18d M Sport, both coupled with a seven-speed dual-clutch transmission.
  • Verdict: With a substantial price increase for both variants, the BMW X1’s luxury and performance offerings may be challenged by the intensified competition in the SUV segment. Buyers may weigh the added features against the higher cost.

BMW X5: Elevating Luxury with Adjusted Pricing

Source – BMW India
  • The sophisticated BMW X5, a popular choice in the luxury SUV market, undergoes a price increment of up to Rs. 1,10,000, now available at a starting price of Rs. 96,00,000 (ex-showroom).
  • The four variants – xDrive xLine, xDrive30d xLine, xDrive40i M Sport, and xDrive30d M Sport – experience varying price hikes, with the latter two models dearer by Rs. 1,10,000.
  • Mechanically, the X5 is equipped with two powertrain options – a 3.0-litre petrol and a 3.0-litre diesel engine, both paired with an eight-speed automatic torque converter unit and the brand’s xDrive AWD configuration.
  • Verdict: The elevated prices of the BMW X5, especially for the xDrive40i M Sport and xDrive30d M Sport variants, might make it a more exclusive choice. Potential buyers seeking top-tier luxury and performance may find the model still attractive despite the price hike.

Hyundai Grand i10 Nios: Unpacking Price Adjustments

Source – Hyundai Grand i10 Nios India
  • Hyundai India joins the wave of price adjustments, affecting select models, with a focus on the Grand i10 Nios hatchback.
  • The base Era 1.2 Kappa MT variant experiences the most significant hike of Rs. 7,950, while other variants witness a uniform increase.
  • Reflecting these changes, the entry-level offering from Hyundai now ranges between Rs. 5.92 lakh and Rs. 8.56 lakh (all prices, ex-showroom).
  • Verdict: The price adjustments for the Grand i10 Nios, while significant for the base variant, may not substantially impact its competitiveness in the hatchback segment. The model’s features and fuel efficiency could continue to appeal to budget-conscious buyers.

Hyundai i20 Range: A Spectrum of Adjusted Prices

Source – Hyundai i20 India
  • Hyundai’s comprehensive price revision extends to its entire i20 range, presenting varying increases for different variants.
  • The Asta (O) MT variant of the Hyundai i20 receives a hike of Rs. 1,900, while select variants, including the Sportz IVT, Asta MT dual-tone, and Sportz MT dual-tone, remain unchanged.
  • The i20 N Line, the sportier iteration of the premium hatchback, witnesses an upward revision of Rs. 10 in the entry-level N6 MT variant, with all other variants receiving a uniform price hike of Rs. 4,900. The i20 N Line is now priced from Rs. 9.99 lakh to Rs. 12.52 lakh (all prices, ex-showroom).
  • Verdict: The i20 range’s varied price hikes, with the N Line seeing a uniform increase, could influence buyer decisions. The i20’s premium features, design, and fuel efficiency might remain appealing, but customers may weigh these factors against the higher costs.

Conclusion:

As BMW and Hyundai adapt to the intricacies of the automotive market, the revised prices reflect a delicate equilibrium between production costs, market demands, and the ongoing evolution of consumer preferences. These adjustments, while impacting various models and variants, underline the automotive industry’s resilience and responsiveness to the dynamic forces shaping the competitive landscape.

In summary, while the price hikes introduce challenges for potential buyers, the decision to purchase will likely hinge on individual preferences, brand loyalty, and the perceived value offered by each car model in its respective segment.

Car Price Hike FAQs

FAQs

1. What prompted the price hike for the BMW 2 Series Gran Coupe?

The price hike for the BMW 2 Series Gran Coupe is a result of a comprehensive revision across BMW’s entire range in January 2024. Factors such as increased production costs and market dynamics influenced the pricing adjustments.

2. Which variants of the BMW 2 Series Gran Coupe saw the highest price increase?

The diesel variant, 220d M Sport, experienced the highest price increase of Rs. 50,000, while the petrol variants, 220i M Sport and 220i M Sport Pro, saw a hike of Rs. 40,000 each.

3. How did the BMW X1 price adjustments impact the sDrive 18i M Sport and sDrive 18d M Sport variants?

The sDrive 18i M Sport variant saw a price increase of Rs. 60,000, while the sDrive 18d M Sport variant faced a more substantial hike of Rs. 90,000.

4. What changes were observed in the BMW X5 pricing for the xDrive40i M Sport and xDrive30d M Sport variants?

The xDrive40i M Sport and xDrive30d M Sport variants of the BMW X5 experienced a uniform price increase of Rs. 1,10,000 each, contributing to the overall upward revision of the model’s prices.

5. How did the Hyundai Grand i10 Nios prices change for its base variant, Era 1.2 Kappa MT?

The base variant, Era 1.2 Kappa MT, witnessed a significant price hike of Rs. 7,950, reflecting the adjustments made in Hyundai’s pricing strategy for January 2024.

6. Which variants of the Hyundai i20 saw an increase in prices?

While the Asta (O) MT variant received a hike of Rs. 1,900, all other variants, including the i20 N Line, experienced a uniform price increase of Rs. 4,900.

7. Are there any variants within the i20 range that maintained unchanged prices?

Yes, select variants, such as the Sportz IVT, Asta MT dual-tone, and Sportz MT dual-tone, remained unchanged in terms of pricing.

8. How did the BMW X1’s 1.5-litre turbo-petrol and diesel engines contribute to its performance?

The 1.5-litre turbo-petrol engine in the sDrive 18i M Sport and the diesel engine in the sDrive 18d M Sport, both mated to a seven-speed dual-clutch transmission, provided a balanced mix of power and efficiency.

9. What luxury features are notable in the BMW X5?

The BMW X5 boasts features such as a 14.9-inch touchscreen infotainment screen, active front-row seats, Harman-Kardon 12-speaker audio system, parking assistant, large panoramic sunroof, and a wireless charger.

10. How can buyers make informed decisions amidst these price adjustments?

Buyers are encouraged to assess individual preferences, budget considerations, and the perceived value of features offered by each car model. Considering factors such as performance, luxury features, and fuel efficiency will aid in making informed decisions.

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