General Motors India has announced a hike in prices of its entire lineup by up to Rs. 10,000. The rising input costs is the main reason behind such a decision and this increased prices will be effective from January 1.
“We plan to increase prices by up to Rs 10,000 across all our models from January 2014 to partially offset input cost pressure,” said P Balendran, Vice President, General Motors India.
General Motors now joins the league of other carmakers including Honda, Hyundai, Maruti Suzuki, Audi, BMW and Mercedes-Benz, who have already announced a price hike. Currently, the company sells Chevrolet Spark, Beat, Sail U-VA, Sail, Enjoy, Tavera, Cruze and Captiva.