General Motors India is all set to hike the prices of its entire range of cars by up to 1.5 percent from the first week of June.
The company has decided to increase the prices in a bid to counteract the increase in logistic costs, owing to diesel price hikes. Earlier in May, diesel prices were increased by ₹1.02 a litre. This has been the fourth price hike in this year.
GM India's cars will see a hike upto ₹10,000 depending on the model. "We have decided to increase the prices of all our vehicles up to ₹10,000 on account of increase in transportation costs/logistics due to the hike in diesel prices," said P Balendran, Vice-President, according to PTI.
Other auto companies including Maruti Suzuki India and Hyundai Motor India might follow suit. However, the hike in their car prices would depend on market conditions. "Pressure of costs is there, but the market situation leaves little scope for a price increase," a spokesperson at Maruti Suzuki India told Business Line."
GM India makes Chevrolet Tavera, Chevrolet Optra, Chevrolet Aveo, Chevrolet Aveo U-VA, Chevrolet SAIL U-VA Hatchback, Chevrolet SRV, Chevrolet Spark and Chevrolet Captiva for the Indian market at its manufacturing facilities at Halol, Gujarat and Talegaon in Maharashtra.
Here is the current list of prices for GM India's cars (without hikes) according to their official website. (The price ranges are for ex-showroom Delhi).
Spark - ₹3.31- ₹4.15 lakh
Beat - ₹3.88 lakh - ₹5.97 lakh
Sail U-VA (hatchback) - ₹4.19 - ₹6.69 lakh
Sail (Sedan) - ₹4.99 lakh - ₹7.52 lakh.
Tavera (Multi-utility vehicle) - ₹6.88 lakh - ₹10.84 lakh
Cruze (Sedan) - ₹13.98 lakh - ₹16.08 lakh
Captiva (Sports-utility vehicle) - ₹24.5 Lakh
Enjoy (Multipurpose vehicle which was launched two weeks ago) - ₹5.49 - ₹8 lakh