rupee against the US dollar.
Earlier this month, BMW group had also hiked price of its products across models, including the Mini, by up to 5 per cent.
Last month, Audi had also hiked prices across its models in India by up to 4 per cent, a maximum of Rs 4.42 lakh on its R8 model to offset the impact of the rupee depreciation and rise in input costs.
The rupee has been weakening against the dollar for a prolonged period. It had yesterday registered its biggest single-day fall of 256 paise to close at an all-time low of 68.80 against the dollar as global oil prices jumped, deepening concerns about the current account deficit and capital outflows.
It is affecting companies which are importing their products and parts to India.