General Motors to hike vehicle prices by up to Rs. 10,000
First Published: 12:10 IST(20/12/2013)
Last Updated: 17:20 IST(20/12/2013)
General Motors India on Friday said it will hike prices of its entire range of vehicles by up to Rs. 10,000 from next month in order to partially offset impact of rising input costs.
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"We plan to hike prices across our entire product portfolio by up to Rs. 10,000 from January. This is due to cost pressure," General Motors India vice president P Balendran said.
The company currently sells various vehicle brands in the country ranging from hatchback Spark to sports utility vehicle Captiva, priced between Rs. 3.33 lakh and Rs. 25.71 lakh, respectivley, (ex-showroom Delhi).
Earlier this week, Hyundai Motor India Ltd (HMIL) had announced an increase in prices of its products across all models by up to Rs. 20,000 from January. This, it said, was to offset pressure of input costs on account of rupee depreciation and inflationary trends.
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