Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 28th February 2006, 14:00   #1
BHPian
 
goldie_malhotra's Avatar
 
Join Date: Nov 2005
Location: New Delhi
Posts: 757
Thanked: 10 Times
Default Small cars to cost less

Just heard that PC has announced 16% cut in excise duty for small cars in 2006-07 budget

And MUL and Hyundai announced cuts of upto 20k on all their models starting tomorrow.

The details are here
http://in.rediff.com/money/2006/feb/28bud13.htm
goldie_malhotra is offline   Reply With Quote
Old 28th February 2006, 14:11   #2
Senior - BHPian
 
suman's Avatar
 
Join Date: Sep 2005
Location: Gurgaon
Posts: 4,589
Thanked: 257 Times
Default

Quote:
Originally Posted by goldie_malhotra
Just heard that PC has announced 16% cut in excise duty for small cars in 2006-07 budget

And MUL and Hyundai announced cuts of upto 20k on all their models starting tomorrow.

The details are here
http://in.rediff.com/money/2006/feb/28bud13.htm
Not a 16% cut but the rate is down to 16% from 24%; discussions on below thread -

http://www.team-bhp.com/forum/shifti...-comments.html (Budget 2006-2007: Outcome and Comments)
suman is offline   Reply With Quote
Old 28th February 2006, 14:12   #3
Team-BHP Support
 
Zappo's Avatar
 
Join Date: Oct 2005
Location: Hyderabad
Posts: 5,650
Thanked: 2,010 Times
Default

Yes... it was expected... I am ruing the fact that I could not pick up enuff stocks of Telco and Maruti... They are shooting through the skies now
Zappo is offline   Reply With Quote
Old 28th February 2006, 14:49   #4
Senior - BHPian
 
kb100's Avatar
 
Join Date: Feb 2006
Location: Bangy Boy!
Posts: 1,554
Thanked: 14 Times
Default

but why only the small cars??.. WAAAY???
kb100 is offline   Reply With Quote
Old 28th February 2006, 14:55   #5
BHPian
 
sbasak's Avatar
 
Join Date: Nov 2005
Location: CCU-LTN
Posts: 607
Thanked: 8 Times
Default

Quote:
Originally Posted by kb100
but why only the small cars??.. WAAAY???
Probably govt. now wants 2-wheeler population to upgrade to small cars
sbasak is offline   Reply With Quote
Old 28th February 2006, 15:01   #6
BHPian
 
goldie_malhotra's Avatar
 
Join Date: Nov 2005
Location: New Delhi
Posts: 757
Thanked: 10 Times
Default

Quote:
Originally Posted by suman
Not a 16% cut but the rate is down to 16% from 24%;
Thats true - guess I got carried away there and forgot to read clearly

I was wondering though - the excise duty has been cut by 8%, but the reduction in overall prices seems to be around 5-7% - how is that possible ?
Is the excise duty that high ??
goldie_malhotra is offline   Reply With Quote
Old 28th February 2006, 15:04   #7
Senior - BHPian
 
kpzen's Avatar
 
Join Date: Oct 2004
Location: Faridabad
Posts: 5,545
Thanked: 1,598 Times
Default



My neighbour bought an alto yesterday....

Last edited by kpzen : 28th February 2006 at 15:13.
kpzen is offline   Reply With Quote
Old 28th February 2006, 15:07   #8
Senior - BHPian
 
sandeepmdas's Avatar
 
Join Date: Feb 2005
Location: Varkala
Posts: 1,125
Thanked: 614 Times
Default

Quote:
Originally Posted by kpzen


My neighbours bought an alto yesterday....
Tell 'em knowledge is Team-BHP....
sandeepmdas is offline   Reply With Quote
Old 28th February 2006, 16:18   #9
Team-BHP Support
 
Zappo's Avatar
 
Join Date: Oct 2005
Location: Hyderabad
Posts: 5,650
Thanked: 2,010 Times
Default

Quote:
Originally Posted by kpzen


My neighbour bought an alto yesterday....
Oh don't worry... I really doubt he made much loss there. I am sure he got a lot of goodies and freebies including price cuts which will now go but compensated to some extent by the reduction in prices. In fact more often than not the reductions are many a times less than what you were getting in discounts before budget. This happens because people stop buying in anticipation and car companies and their dealers in their desperation to push volumes give huge freebies and discounts to lure possible buyers. Many a times it is more than the possible reductions after budget and even the manufacturers and their dealers know that. But then such is life

P.S. : Btw your signature seems like a lesson that you picked up in recent times dude
Zappo is offline   Reply With Quote
Old 28th February 2006, 18:00   #10
BHPian
 
BuRnT RuBbEr's Avatar
 
Join Date: May 2005
Location: DL 1
Posts: 367
Thanked: 11 Times
Default

why 1200 cc
BuRnT RuBbEr is offline   Reply With Quote
Old 28th February 2006, 18:13   #11
Senior - BHPian
 
revtech's Avatar
 
Join Date: Nov 2004
Location: Bombay
Posts: 1,988
Thanked: 35 Times
Default

Quote:
Originally Posted by sbasak
Probably govt. now wants 2-wheeler population to upgrade to small cars
what is the government crazy.as it is theres no place for the current number of cars and they want to add to that.

so that means swift wont benefit from this as its 1.3 L


Rev
revtech is offline   Reply With Quote
Old 28th February 2006, 18:34   #12
BHPian
 
BuRnT RuBbEr's Avatar
 
Join Date: May 2005
Location: DL 1
Posts: 367
Thanked: 11 Times
Default

Quote:
Originally Posted by revtech
what is the government crazy.as it is theres no place for the current number of cars and they want to add to that.

so that means swift wont benefit from this as its 1.3 L


Rev

exactly. and they are only ensuring that the firms keep churning out powerless boxes.

swift JTD should qualify.

this is going to increase the sales, not the quality.

wont anyway change minds of those who are going for better machines.

( by the way, aveo hatch gonna fit???? anybody?? )
BuRnT RuBbEr is offline   Reply With Quote
Old 28th February 2006, 18:50   #13
Team-BHP Support
 
Zappo's Avatar
 
Join Date: Oct 2005
Location: Hyderabad
Posts: 5,650
Thanked: 2,010 Times
Default

Quote:
Originally Posted by BuRnT RuBbEr
( by the way, aveo hatch gonna fit???? anybody?? )
I do not think so. Aveo will cent percent be more than 1200cc. Rest assured about that. Even a car that says 1.2 will actually be a little more than 1200cc and hence will never fall in the bracket.

So yes, government wants more and more people to buy smaller cars like M800 and Altos. That Santro and WagonR fall into this category is a matter of sheer luck. Government wants to encourage people to shift over to safer transport modes and most of those opt for entry level ones like M800 and Altos.

Interestingly, the other side of the coin is that it will increase the consumption of petroleum products which are mostly imported... basically our forex outgo will shoot up.
Zappo is offline   Reply With Quote
Old 28th February 2006, 19:57   #14
BHPian
 
Join Date: Aug 2005
Location: HYDERABAD
Posts: 244
Thanked: 20 Times
Default

kpzen is having happy times lol!!!
trinadha is offline   Reply With Quote
Old 28th February 2006, 20:33   #15
Senior - BHPian
 
Join Date: Feb 2004
Location: Mumbai
Posts: 3,717
Thanked: 425 Times
Default

Doesn't make any difference. 2 months from now MUL, Hyundai and TATA will increase prices back to pre-budget levels citing rising input costs.
amit is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Kumaon: roads less traveled and forests less visited nilanjanray Route / Travel Queries 21 11th January 2013 12:25
GM India - Hope less? or Aim less? or both? rnidumolu The Indian Car Scene 16 17th September 2012 15:12
SAFE, cost effective buy for less than 7.5L selfdrive Hatchbacks 93 21st January 2011 15:23
Why cars cost less in Delhi ? mithun The Indian Car Scene 21 9th September 2006 22:56


All times are GMT +5.5. The time now is 01:48.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks