The lowest trim level of UK i10 (with 1.1l engine) is sold for
GBP. 6745 on road. That's Rs. 5,78,525. The VAT (UK sales tax) is 17.5%. So, the pre-tax price of this car is Rs. 4,77,283. This has better kit than the old Magna (O) without runsoof.
The Indian Magna (O) (solid paint, no sunroof, 1.1l engine) costs
Rs.4,69,776 (without taxes) in Chennai. Assuming the road tax and registration fee are comparable, for an extra Rs. 7,500, the UK model gets these extra features:
- side airbags
- immobiliser
- 14" alloy wheels
- adjustable headrests (front)
- headrests for all three rear set passengers
- child seat anchors in rear seat
This is ridiculous considering the Indian car often carries three passengers on the rear seat compared to the UK, and you have more accidents in India than the UK, hence you *NEED* better safety features in India than the UK.
Now, I'm not even considering the shipping costs of the UK Spec car from Chennai to London, and the road tax and registration fee that's included in the cost of the UK model. If you deduct these cost too, the UK car will cost less than the Indian car. If they sell a better car for less money in the UK, and they sell more cars in India than the UK, why not sell the better cars in India too?
This is not a question of costs and taxes, this is purely a question of automobile manufacturers (not just Hyundai) neglecting Indian customers.