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General Motors raises prices of some cars in India

Source : REUTERS
Last Updated: Thu, Aug 29, 2013 11:31 hrs
2006 Buick RainIers

General Motors said it would raise the prices of some its vehicles in India by up to 10,000 rupees ($150) from the first week of September, citing a hit on margins due to a weakening rupee.

"The sharp rupee depreciation combined with heavy discounting due to competitive pressure has adversely impacted the margins," said P. Balendran, vice president, GM India.

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