After Maruti, General Motors announces price hike

General Motors India on Thursday said it will increase prices of all its models from 1 October  to offset the impact of rising input costs and currency fluctuation.

The details, such as quantum of hike, are still being evaluated but we have decided to increase the prices of all our models from 1 October due to high input costs, currency fluctuation and freight costs,' General Motors India vice president P Balendran said.

The company sells a range of models starting from entry level small car Spark to the high-end sports utility vehicle Captiva in the Indian market. The prices of the company's vehicles start at Rs 2.85 lakh for Spark and go up to Rs 24.6 lakh (ex-showroom Delhi) for the Captiva.

General Motors India's move comes three days after Honda Cars India and Maruti Suzuki announcing plans to increase prices of their respective products.