As it was already reported, World's Number 1 car maker GM's India division has increased prices of its cars by 1-2 percent to compensate for risings costs.
"The price rises were to cover input costs and the impact of the weakening of the rupee last year", Said Mr.P Balendran, Vice-President of General Motors India.
As GM India had not met it's sales target for 2008 of 75,000 units due to the prevailing poor economic conditions, it has not set a target for this year citing same reasons. GM also expects conditions to be no different during the first half of 2009.
GM India has three models planned for the year starting with a four-wheel drive, automatic transmission Chevrolet Captiva and a new small car later this year.