General Motors India ups the Chevrolet Spark 1.0′s price by cutting discounts by INR 20,000

GM Chevrolet Spark Electric Car India Photo

General Motors India have cut the discounts on the Chevrolet Spark to the tune of INR 20,000. This has resulted in an effective price hike of the Chevrolet Spark 1.0 by INR 20,000. While this price hike is pretty marginal, it could still swing buying decisions in the extremely price conscious Indian small car market. Plenty of people are attributing this price hike to the increase in raw material and labor costs, however we think otherwise.

In our opinion, this price hike is mainly due to the fact that GM India is all set to launch the smaller 800cc engined version of the Chevrolet Spark in the near future. This price hike will result in a price difference of almost INR 40,000 between the different engine versions of the Chevrolet Spark thus eliminating the cannibalization of sales.

The Chevrolet Spark 1.0 will sell for an ex-showroom price of INR 3.09 Lakh in New Delhi. All said and done, General Motors India have retained the 3 years, zero maintenance charge guarantee on the Chevrolet Spark, thus making the Spark a great value buy even after the price hike .

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