General Motors India said on Thursday that it would raise prices in January to meet rising input costs and new emission norms coming into force from 2005.
"We will raise prices on all our models in January 2005 as input costs have gone up and we have to meet the new emission norms next year," General Motors India vice-president (corporate affairs) P Balendran told PTI.
GMI sales up 98% in Nov
GM's sales grew 98 per cent in November 2004 to 2495 units compared to 1260 units in the same month last year, largely on account of increased sales of Chevrolet Optra and Chevrolet Tavera.
Consolidated sales during January-November jumped 76 per cent to 23,763 units as against 13,505 units during the corresponding period last year, Balendran said in a statement in New Delhi.
GMI, a wholly owned subsidiary of US-based General Motors Corp, sold 605 units of Chevrolet Optra, 1460 units of Chevrolet Tavera and 421 units of Opel Corsa during November.
In January-November period, GMI sold 8671 units of Optra, 7960 units of Corsa and 6950 units of Tavera.
"The record sales testifies the growing popularity of the Chevrolet brand in India. We will continue to make world class vehicles to give the Indian consumer the best vehicles in a wider range," he said.
