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

Last Updated: Thu, Dec 06, 2012 11:55 hrs
Employees work on a Chevrolet Beat car on an assembly line at the General Motors plant in Talegaon

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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