General Motors raises prices of some cars in India
REUTERS - General Motors(GM.N) said it would raise the prices of some its vehicles in India by up to 10,000 rupees from the first week of September, citing a hit on margins due to a weakening rupee.
"The sharp rupee depreciation combined with heavy discounting due to competitive pressure has adversely impacted the margins," said P. Balendran, vice president, GM India.
(Reporting by Aradhana Aravindan in MUMBAI; Editing by Sunil Nair)
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