General Motors to hike prices by up to Rs 20,000 from Jan

General Motors India today said it will hike prices of its entire product portfolio by up to Rs 20,000 from next month, in order to partially offset rising input costs.

All the eight models of the company's current product portfolio in the country, including entry level compact car Spark, will become costlier due to price hike.

"We have decided to increase the price of all car models to the tune of 1 per cent with effect from January 1 due to input cost pressure. The quantum ranges between Rs 5,000 to 20,000 depending upon the models and variants," General Motors India, Vice President P Balendran told PTI.

Currently, the company's Spark model is priced between Rs 3.45 lakh and Rs 4 lakh while Beat is priced between Rs 4.01 lakh and Rs 5.93 lakh (all prices ex-showroom Delhi).

The company's Sail hatchback is priced between Rs 4.41 lakh and Rs 6.81 lakh, while Sail sedan is priced between Rs 5.19 lakh and Rs 7.64 lakh.

Multi utility vehicle Enjoy is priced between Rs 5.8 lakh and Rs 8.22 lakh while Tavera is priced between Rs 6.9 lakh and Rs 10.68 lakh.

Cruze sedan is priced between Rs 13.79 lakh and Rs 16.30 lakh while sports utility vehicle Captiva is priced between Rs 23.75 lakh and Rs 25.85 lakh. (all prices ex-showroom Delhi).