General Motors India is going to hike prices across models by two and half percent. The hike would be effective by January 2011.
“We will be increasing the prices of our models between 1.5 and 2.5 per cent from January first week next year to offset rising input costs,” General Motors India (GMI) Vice-President P Balendran said here.
“The increasing input cost is our biggest concern. After the commodity prices reached its bottom, now all materials like steel, aluminium and rubber are rising,” Balendran said adding, “Some component prices have increased between 5 and 10 per cent.”
General Motors India’s last price revision was done in June-July this year.
We had reported earlier that GM India had crossed the one – lakh unit sales mark in a calendar year. The company managed to achieve this sales milestone for the first time since its step foot into the Indian shore.
“Our Chevrolet Beat and Cruze are in good demand in the Indian market,” he said.
The company has also confirmed that it has laid out plans to increase its dealership network to 300 from present 219 by March 2011.
“We will open more dealers in the Tier-II and Tier III cities coming days. We will increase our dealership network to 240 from present 219 by this month-end,” he said adding “the dealership network will increase to 300 by March 11.”
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