GB Auto could be raising passenger car prices by up to EGP 20,000 -sources

Top Egyptian automotive player GB Auto is reportedly planning to raise sticker prices on its Hyundai and Geely brands (but not Mazda), according to Al Mal, citing unnamed sources as saying prices will rise between EGP 7,500 and EGP 20,000. The newspaper says it requested a clarification from GB Auto on the matter but has yet to receive a response.