On September 1, 2013, the depreciating rupee drove Chevrolet India to hike prices of the Beat, Enjoy and Sail between Rs 2,000 and Rs 10,000. GM also stated that it was considering the possibility of a price hike for the rest of its model range as well.
The company’s vice president has now stated that it will be hiking prices across its model range between 0.5 per cent and 1.5 per cent on October 1, 2013.
“We will be increasing vehicle prices in the range of Rs 2,000 to Rs 10,000 across all our models from October 1. The hike will be on account of increase in input costs, increase in logistics cost due to fuel price hike and rupee depreciation,” said, P Balendran, Vice President, General Motors India.
Chevrolet currently sells eight vehicles in India, namely, the Spark, Beat, Sail U-VA, Sail, Enjoy, Tavera Neo 3, Captiva and Cruze with prices ranging from Rs 3.31 lakh (ex-showroom Delhi) for the entry level Spark hatchback to Rs 25.68 lakh (ex-showroom Delhi) for the top of the line Captiva SUV.
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