American automobile company General Motors' Indian subsidiary Tuesday said it will raise the prices of its entire range of vehicles by up to Rs10,000 from first week of June to offset the increase in logistic costs following hike in diesel rates.
“With diesel prices going up on regular intervals, transportation and other logistic costs have gone up significantly. We are left with no option, but to pass on the burden partially to consumers,” sai General Motors India Vice President P Balendran
The company will raise the prices of its entire range of vehicles from first week of June, he added.
“We are yet to finalise the exact amount, but it will be up to 1.5 per cent.