December 6, 2012 / 11:28 AM / 5 years ago

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

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

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

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