BackGeneral Motors to hike vehicle prices by up to `10,000 from January
We plan to hike prices across our entire product portfolio due to cost pressure, says vice president
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New Delhi:General Motors India Pvt. Ltd on Friday said it will hike prices of its entire range of vehicles by up to ₹ 10,000 from next month in order to partially offset impact of rising input costs.
“We plan to hike prices across our entire product portfolio by up to ₹ 10,000 from January. This is due to cost pressure," General Motors India vice president P. Balendran told PTI.
The company currently sells various vehicle brands in the country ranging from hatchback Spark to sports utility vehicle Captiva, priced between ₹ 3.33 lakh and ₹ 25.71 lakh, respectively, (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 ₹ 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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