Thiruvananthapuram

28°C

Haze

Enter word or phrase

Look for articles in

Last Updated Friday July 03 2020 08:05 PM IST

GM India to hike prices of cars by up to 2 pc from Jan

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

GM India to hike prices of cars by up to 2 pc from Jan An employee walks past finished cars at the manufacturing plant of General Motors India at Halol, Ahmedabad. File photo: Reuters

New Delhi: General Motors India has also announced its plan to hike prices of its locally manufactured vehicles by up to 2 per cent with effect from January to offset impact of rising input costs and foreign exchange fluctuations.

"GM India will increase prices of locally built Chevrolet vehicles by up to two per cent with effect from January depending upon various models and variants, in order to partially offset rising input costs and foreign exchange fluctuations," a company spokesperson said in a statement.

Currently, GM India sells a range of locally produced vehicles starting from the entry level small car Beat to the sedan Cruze with prices ranging between Rs 4.2 lakh and Rs 16.85 lakh (all prices ex-showroom Delhi).

The price hike is not applicable to the company's recently launched premium sports utility vehicle Trailblazer.

The vehicle comes to India as a completely built up (CBU) unit from Thailand.

On Thursday, Maruti Suzuki India too had announced that it would hike prices of its products by up to Rs 20,000 from next month to offset rising input costs and unfavourable foreign exchange fluctuation.

Already, various car makers like Hyundai Motor India, Toyota and German luxury car makers Mercedes Benz and BMW have announced a hike in prices of their vehicles across models from January to offset rising input costs.

Experts believe carmakers usually come up with such announcements around this time of the year which help them clear inventories left after the heavy festival discounts on vehicles.

(With inputs from agencies)

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Disclaimer

The comments posted here/below/in the given space are not on behalf of Manorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert