General Motors said on Thursday that it would increase the prices across all its models from October 1. However, it is yet to decide on the quantum of increase.
“We have decided to increase the prices of all models due to high input costs, currency fluctuation and freight costs,” P. Balendran, Vice-President, GM India, said.
GM follows car market leader Maruti Suzuki and Honda, both of which had announced a price increase earlier this week citing similar reasons. The rising cost of diesel fuel has led to higher transportation/logistics costs across the industry.
While Honda has increased the prices of the Brio, Jazz and City models by 0.2-2.6 per cent, Maruti said it will follow within a week.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.