General Motors India, the Indian unit of the US based leading car maker, has decided to increase the price of its India portfolio cars in the range of 1 to 2 percent from next month. With this announcement, GM India has joined the league of the leading car makers like Toyota and Maruti who have already said that they will hike the price of their cars in the Indian market from January 2012. The decision has been taken after the weakening rupee has made the import of car components very expensive.
From the January 2012, the company’s hot selling Chevrolet Beat diesel will go expensive by as much as Rs 15,000. While announcing the price hike, GM India Vice President P Balendran told PTI, "In case of Beat diesel, we had an introductory price. Due to the current currency fluctuations and rising commodity prices, we have no option but pass it on to consumers."
In November 2011, the General Motors India sales stood at 8,440 units. The company’s India portfolio currently includes more than half a dozen vehicles including small cars like Chevrolet Spark and Beat, premium hatchback U-Va, entry level sedan Aveo, Midsize sedan Optra Magnum, Premium sedan Chevrolet Cruze, and utility vehicles like Chevrolet Captiva and Tavera
