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General Motors India on Monday said that the company will hike the prices of its vehicles from January 1 because of the high input costs.
“We have decided to increase the price of all car models to the tune of one per cent with effect from January 1 due to input cost pressure,” P Balendran, Vice President, General Motors India, said in a company statement.
The quantum ranges between ₹5,000 and ₹20,000 depending upon the models and variants, he added.
Such a step by the company may hamper the sales. The company has been witnessing fall in sales for many months this year.
For example, the company sold 4,157 vehicles in November against 6,214 units sold in the corresponding period last year.
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