General Motors India announced a price hike of up to ₹10,000 for all its models, in a bid to counter the increase in diesel price.
The hike will be effective from June first week, said the company. Currently, General Motors offers up to eight models in India which include Spark, Beat, Sail U-VA hatchback, Sail sedan, Enjoy MPV, Tavera, premium sedan Cruze and the sports utility vehicle SUV Captiva. The hike will be applicable to the entire range.
"We have decided to increase the prices of all our vehicles up to Rs.10,000 depending upon the model with effect from the 1st week of June on account of increase in transportation costs/logistics due to hike in diesel price. In percentage terms, the increase goes up to 1.5 per cent depending on the model," said P Balnedran, vice president, General Motor India adding that "We are yet to finalise the exact amount, but it will be up to 1.5 per cent, which will be around ₹10,000, depending upon different models and their variants."
The company also said the waiting period for its newly launched Chevrolet Sail sedan is three months. The vehicle which is positioned against Maruti Suzuki DZire, Toyota Etios, Mahindra Verito, Ford Classic and the Tata Indigo eCS was launched in February. It comes equipped with safety features like central door locking, engine immobilizer and power windows. The petrol variants of the car are priced between ₹4.99 lakh and ₹6.42 lakh, while the diesel variants are priced between ₹6.29 lakh and ₹7.52 lakh.