General Motors to hike car prices from Oct 1


10 Feb 2012
Reaction score
General Motors India said on Thursday it will increase prices of all its models from October 1 to offset the impact of rising input costs and currency fluctuation.

"The details, such as quantum of hike, are still being evaluated but we have decided to increase the prices of all our models from October 1 due to high input costs, currency fluctuation and freight costs," General Motors India vice president P Balendran told PTI.

The company sells a range of models starting from entry level small car Spark to the high-end sports utility vehicle Captiva in the Indian market.

The prices of the company's vehicles start at Rs 2,85,000 for Spark and go up to Rs 24.6 lakh or Rs 2.46 million (ex-showroom Delhi) for the Captiva.

General Motors India's move comes three days after Honda Cars India and Maruti Suzuki announcing plans to increase prices of their respective products.

Both Honda and Maruti had also cited rising input costs and impact of adverse currency movements as the reasons for the price hike.

Honda Cars India will raise the prices of its three models -- Brio, Jazz and City -- by up to 2.6 per cent with effect from October 1.

Similarly, the country's largest car maker Maruti Suzuki India had also said it would hike the prices of its vehicles within a week and it was working out the details.
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock