General Motors India today increased the prices of its four models by 0.5 to 1.5 per cent with effect from tomorrow to offset the steep rise in input costs.
"The increasing input cost has been the biggest concern for us for the last six months. After the commodity prices reached its bottom last year, all materials like steel, rubber and aluminium are rising now," GM India sales Director Sumit Sawhney told PTI after the launch of the latest from the GM India stable, the Chevrolet Beat here today.
The new prices will applicable on the Spark, Aveo, Cruz, and Tavera, Sawhney said, however adding the pirces of Catptiva, Optra and Aveo Yuva will not be increased taking into account the market feedback.
General Motor of India makes eight models in the domestic market--the hatchbacks the Spark and Aveo UVA, the Aveo, Optra and Cruz in the sedan category, SUV Captiva, and MUV Tavera and the just-launched Beat in the small car.
The car maker today launched its global mini car Chevrolet Beat in the country priced between Rs 3.34 lakh and Rs 3.94 lakh (ex-showroom Delhi). The 1.2 litre petrol car will be available in three variants and in seven colours.