Keeping up with the auto industry prices, American carmaker Chevrolet has announced an increase in price across its range of products, effective January 1, 2017.
The increase in price will vary from 1 to 3 percent across the range, which will make the vehicles approximately Rs 30,000 more expensive.
Chevrolet has increased the prices of the cars due to hike in raw material costs, which has made manufacturing more expensive, and due to the increase in Foreign Exchange rates.
Hardeep Brar, the Vice President of Sales and Network at GM India, said "In the adverse market conditions the price hike is necessitated on account of higher manufacturing cost as the input prices surge year-on-year.
"In-line with the industry practice and rising manufacturing and other administrative cost, we proposed a price increase across our product line in India."
Chevrolet is not the only carmaker to hike prices, as Hyundai India has announced a hike by almost Rs 1 lakh, while Tata Motors and Nissan India too have increased prices.
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