GM India unit to hike car prices by 1-3 percent from Jan 2013

Last Updated: Thu, Dec 06, 2012 11:55 hrs

General Motors Co's Indian unit said on Thursday it will increase the price of cars it sells in the country by 1-3 percent from January 2013 due to high input costs and currency fluctuation.

The price hike by General Motors comes after market leader Maruti Suzuki and Hyundai Motor Co's <011760.KS> Indian unit raised prices in October due to rising costs despite a slowdown in the car market in Asia's third-largest economy.

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