General Motors increases the price of its 4 models

     In the midst of Auto Expo 2010 going on, General Motors has increase the prices of its 4 models by 0.5-1.5% citing steep rise in input costs. The price rise will be on the Spark, Aveo, Cruz and Tavera where as the prices of Captiva, Optra and Aveo U-VA will be not affected.

Press Release:

"The increasing input cost has been the biggest concern for us for the last six months. After the commodity prices reached its bottom last year, all materials like steel, rubber and aluminum are rising now," GM India sales Director Sumit Sawhney told reporters after the launch of Chevrolet Beat.