General Motors had recently recalled their Cruze sedan, which is being sold in India. The issue with the sedan was a faulty PVC pipe in the engine bay. They plan to introduce several new products in the coming year as well.
The excise benefit scheme offered by the Government of India will be ending by December end. Almost every automobile manufacturer has asked the Government to extend this scheme. If not the prices of vehicles will be forced to increase, thus it could harm sales.
General Motors has confirmed that they would have to increase the price of their vehicles in India. The new prices will be effective from January, 2015 itself and will range between INR 5,000 to INR 20,000. They will be raising the cost to offset their rising cost of manufacturing.
Currently the American based manufacturer offers eight vehicles in India. Their entry level offering is the Spark, which is followed by Beat. They also offer the Sail hatchback and sedan, along with Cruze sedan. They offer Enjoy, Tavera MPVs and their Captiva SUV in India.
The manufacturers entry level vehicle is priced at INR 3,45,000 to INR 4,00,000 ex-showroom, Delhi. General Motors most expensive product is their Captiva SUV. It is priced in the range of INR 23,75,00 to 25,85,000 ex-showroom, Delhi.
General Motors has confirmed it would be hiking up prices of all eight models in India by January, 2015. All models will be priced by a maximum of INR 20,000, they have not confirmed, which model will cost how much in January, 2015. They have confirmed all model prices will be revised soon.