Chevrolet to hike prices for second time this year

Chevrolet India is likely to increase prices for the second time this year to offset surging raw material costs.

“We may consider increasing prices again for the second time this year if prices of raw materials continue to increase…the increasing input cost is now the biggest concern for auto makers,” General Motors India Vice-President P Balendran said.

GM India had raised car prices across all models by 2 per cent in January this year.

At present, the auto giant sells eight sub-brands in India under Chevrolet — Spark, Aveo UVA, Aveo, Optra, Tavera, Captiva, Cruze and the latest — the compact car Beat.