Luxury auto makers have announced a price hike of 2 per cent for its vehicles with most citing a weakening rupee against the euro and rising input costs as the reason. While Mercedes Benz India was the first to announce the hike, Audi and BMW followed suit.

BMW Group India on Monday said it will increase prices by up to 2 per cent across its portfolio. It will introduce the revised 2021 pricing for all BMW and MINI models effective January 4, 2021.The price rise has been necessitated by the rising input costs, said Vikram Pawah, president of BMW Group.

Mercedes Benz India had already hiked prices since October this year. There has been a 2 per cent increase in price across a select model range.

Audi India too will increase prices of all its models by up to 2 per cent from January 2021.

To somewhat cushion the price rise, Mercedes Benz India will continue with its financial packages like Wishbox 20 and a host of other service packages.

Audi is offering service packages that will make ownership of the car a bit easier for its customers.