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General Motors India today said it will hike the prices of its entire range of models by up to Rs 20,000 with effect from October 8 as it looks to minimise the impact of adverse currency movement and high input costs.
“Rupee depreciation in recent times has impacted us very badly. Besides, input costs and freight charges have also gone up. So, we have decided to pass on the burden partially to consumers,” P Balendran, Vice President, General Motors India.
The company will hike the prices between 1 per cent and 2 per cent depending upon the various models, he added.
“The increase will be around Rs 8,000 and will go up to Rs 20,000. It will be with effect from October 8,” Balendran said.
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