GM India unit to hike car prices by 1-3 percent from Jan 2013

MUMBAI Thu Dec 6, 2012 5:04pm IST

Employees work on a Chevrolet Beat car on an assembly line at the General Motors plant in Talegaon, about 118 km (73 miles) from Mumbai September 3, 2012. REUTERS/Danish Siddiqui/Files

Employees work on a Chevrolet Beat car on an assembly line at the General Motors plant in Talegaon, about 118 km (73 miles) from Mumbai September 3, 2012.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - General Motors Co's (GM.N) Indian unit said on Thursday it will increase the price of cars it sells in the country by 1 percent to 3 percent from January 2013 due to high input costs and currency fluctuation.

The price hike by General Motors comes after market leader Maruti Suzuki (MRTI.NS) and Hyundai Motor Co's (011760.KS) Indian unit raised prices in October due to rising costs despite a slowdown in the car market in Asia's third-largest economy.

(Reporting by Aditi Shah; Editing by Anand Basu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage