Cars to be more expensive from Jan as cos plan price hike
Honda Cars India also said it is considering price hikes but details are yet to be finalised.
Similarly, a spokesperson for Volkswagen Group Sales India said: "With increasing pressure on input costs and exchange rates, Volkswagen is considering a price hike."
General Motors India also said it was considering increasing prices of its vehicles across all models from January onwards.
"Depending on the models, the increase could be between 1-3 per cent.
The rising input costs and currency fluctuation is a strain on us," General Motors India Vice- President P Balendran said.
The company sells a range of models such as small car Spark with a starting price of Rs 3.32 lakh to sports utility vehicle Captiva, which is priced up to Rs 24.59 lakh (ex-showroom Delhi).
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