General Motors India Private Limited, a completely owned subsidiary of the American car maker, has announced to increase the prices of its entire vehicle range by up to Rs. 10,000, from the first week of June 2013. The company has revealed that the price hike was imminent and necessary, in order to offset the rising logistics costs due to increase in the price of diesel fuel.
Expressing his views on the same, P. Balendran, Vice President (VP), was quoted as saying, “With diesel prices going up on regular intervals, transportation and other logistic costs have gone up significantly. We are left with no option, but to pass on the burden partially to consumers.” He added that the price hike would be put in effect from the first week of June next month. Balendran further added, “We are yet to finalise the exact amount, but it will be up to 1.5 per cent, which will be around Rs. 10,000, depending upon different models and their variants.”
At present, General Motors India's cheapest offering is the Chevrolet Spark subcompact hatchback that is available in the domestic market with price tags between Rs. 3.31 lakh and Rs. 4.15 lakh. The company's Chevy Beat small car is amongst its most popular products in the country, and is available in a price band of Rs. 3.88 to Rs. 5.97 lakh. Further, the company's Chevrolet Sail U-VA hatchback and Chevrolet Sail entry level sedan are sold at Rs. 14.19 to 6.69 lakh and Rs. 4.99 to 7.52 lakh, respectively.
General Motors India's latest model Multi Purpose Vehicle (MPV) Chevrolet Enjoy is available in a price bracket starting from Rs. 5.49 lakh that goes on till Rs. 8 lakh, whereas Tavera is sold at Rs. 6.88 to 10.84 lakh. The premium saloon Chevrolet Cruze carries retail values in a price band of Rs. 13.98 lakh to Rs. 16.08 lakh, while the Captiva premium Sports Utility Vehicle (SUV) is sold at Rs. 24.6 lakh. All aforementioned prices are listed as ex-showroom, Delhi as per General Motors India's official website.