Quote:
Originally Posted by Tron  Sorry for quoting my own post. I just found this page on the Hyundai UK website which says that the base retail price for the model I used for comparison above is GBP. 5,308. This translates into Rs. 4,56,056 (today's exchange rate from xe.com: GBP 1 = INR 85.91).
Excluding all taxes, a much better car in the UK (i10 Classic 1.1l engine, Rs. 4,56,056) costs much less than the closest Indian model (i10 Magna-O 1.1l engine, Rs. 4,69,776) despite having much better features and the shipping costs from Chennai to the UK. These two cars are designed and manufactured in the same factory at the same time in Chennai.
As an icing on the cake, the Indian i10 comes with 2 year standard warranty (please correct me if they've improved this), but the UK model comes with 5 year standard warranty.
Draw your own conclusions.
PS. Please do not think I'm singling Hyundai out. All multinational automakers in India do the same thing. |
Thanks tsk1979 for pointing out that the Indian ex-showroom price includes a bunch of taxes.
I searched a bit, and it seems that the ex-showroom car price for the Indian model includes 12% excise tax, 12.5% VAT, some 3% educational tax + natural calamity tax. So, to compare the price of the Indian model with the UK model, I need to deduct 27% from the ex-showroom price. The taxes other than VAT are a day robbery in India if you ask me.
The UK model costs Rs. 4,56,056 (which includes shipping costs from India) excluding taxes. The Indian model costs Rs. 3,42,936. The UK model costs almost Rs. 1,00,000 more for shipping from India and all the other extra goodies it has.
This still doesn't negate the fact that the Indian model has terrible safety features. It has a sunroof, but no head rest for the rear middle seat passenger or immobiliser? Hyundai's got their priorities messed up. They should at least provide these extra gadgets as an option or in a higher trim level.