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GM India unit to hike car prices by 1-3 percent from Jan 2013
December 6, 2012 / 11:28 AM / 5 years ago

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

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.

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

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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