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Bangkok Post

Technology

BMW raises prices by 1.5%

BMW BMW Group Thailand Mini

Alexander Baraka, chief executive of BMW Group Thailand, believes higher car prices will not affect buyers’ decisions in the premium segment. (Photo: BMW Group Thailand)

BMW Group Thailand plans to increase prices for all models by 1.5% from Wednesday because of a surge in energy costs and inflation, as well as a shortage of some auto parts.

The increase comes as the global automotive industry struggles to deal with the impact of the semiconductor shortage and the Russia-Ukraine war, said Alexander Baraka, chief executive of BMW Group Thailand.

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