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Old 3rd July 2017, 20:57   #481
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Default Re: GST effect on car prices?

S Cross Hyderabad Prices: (Ex-showroom)

Pre-GST: (price list around 18-Jun)

1.3 Sigma: 8,46,980
1.3 Delta: 9,19,770
1.3 Zeta: 9,92,466
1.3 Alpha: 11,08,350
1.6 Alpha: 12,50,496

Post GST: (received from Sai Service)

1.3 Sigma: 8,24,776
1.3 Delta: 9,01,153
1.3 Zeta: 9,71,769
1.3 Alpha: 10,86,079
1.6 Alpha: 11,96,973


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Old 3rd July 2017, 21:54   #482
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Why does Maruti cars cost the cheapest in Meerut when compared to other cities? Heck the price in Meerut is cheaper than even Gurugram and Manesar. Checked for Baleno, S Cross and the DZire and its the same. These are all post GST prices. Not sure if that was the case pre GST too.

I'm sure it's not to do with transportation costs!! Any idea guys?
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Old 3rd July 2017, 22:58   #483
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Default Re: GST effect on car prices?

Toyota price list for Udupi, Karnataka

GST effect on car prices?-img20170703wa0005.jpg

Innova down by 1 lakh - back to launch prices.
Fortuner gets the maximum cut.
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Old 4th July 2017, 07:16   #484
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Maharashtra has increased road tax by 2ppt. Matter of time before other states follow suit. To some extent this offsets the lower road tax since ex showroom prices have fallen but only partially.

http://m.timesofindia.com/city/navi-...w/59432525.cms
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Old 4th July 2017, 08:51   #485
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Honda , Ford , TVS have cut prices to pass on GST benefits to the customers.

Honda:

Quote:
The company has cut price of its hatchback Brio by up to Rs 12,279 and that of compact sedan Amaze by up to Rs 14,825.

Besides, it has slashed price of Jazz by up to Rs 10,031 and that of its recently launched model WR-V by up to Rs 10,064.

Price of mid-sized sedan City has been reduced in the range of Rs 16,510 and Rs 28,005. The BR-V prices will come down by up to Rs 30,387.

Its premium SUV CR-V has also seen a price drop of up to Rs 1,31,663. Honda is yet to decide on the revised pricing of Accord Hybrid.
Ford :

Quote:

Automaker Ford India has decided to reduce vehicle prices by up to 4.5 per cent with immediate effect to pass on the GST benefit to its customers.

In Delhi, the price of the hatchback Figo has been cut by Rs 2,000, while that of the compact SUV Ecosport by up to Rs 8,000. The price of the premium SUV Endeavour has been reduced by up to Rs 1.5 lakh.

In Mumbai, the prices will go down in the range of Rs 28,000 on the Figo to Rs 3 lakh on the Endeavour.

The company, however, did not share details about the revised pricing of its iconic sports car Mustang
TVS :

Quote:

Joining other automotive companies across the country, TVS Motor Company reported that it had reduced prices on its two-wheelers by over Rs 4,000 to pass on GST benefits to its customers.
Source : TOI
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Old 4th July 2017, 10:13   #486
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Default Re: GST effect on car prices?

It seems as if the foreign based manufacturers are better versed with India's GST than the Swadesi ones.
It didn't take too long for the likes of Toyota, Suzuki, Honda, Ford etc to pass on the GST benefits to the consumers & reveal the prices, I am still trying to figure out what's holding back Tata & Mahindra

Tata, Mahindra - Those back-benchers who are late to every class, miss all assignments, have a lackadaisical attitude towards studies but come the end of terms still wonder why they don't get grades as good as Toyota's
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Old 4th July 2017, 11:21   #487
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Quote:
Originally Posted by batish View Post
My local Hyundai Dealer hasn't been updated with the prices yet. Even Hyundai has not updated the prices on their website yet. Can you please state the source of these prices?
Yes even I want to know the source. I just spoke with my Hyundai dealer and he is not ready to confirm the prices.
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Old 4th July 2017, 11:25   #488
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Quote:
Originally Posted by r0nit7 View Post
It seems as if the foreign based manufacturers are better versed with India's GST than the Swadesi ones.
It didn't take too long for the likes of Toyota, Suzuki, Honda, Ford etc to pass on the GST benefits to the consumers & reveal the prices, I am still trying to figure out what's holding back Tata & Mahindra

Tata, Mahindra - Those back-benchers who are late to every class, miss all assignments, have a lackadaisical attitude towards studies but come the end of terms still wonder why they don't get grades as good as Toyota's

Hyundai, VW and fiat are also yet to officially announce post gst prices so why single out just Tata and Mahindra. More than the just the tax on the finished product GST would also mean that manufactures get tax credit on components they buy. This should further reduce the cost of the final product. A few days is fine to make all these calculations. It would also be a good time for some of the companies to adjust the prices of their offerings to market realities and pass it on as GST benefits without showing weekness.

Who knows, maybe Hyundai and Mahindra decided to wait a day for the price of the compass so that they could decide the prices of Creta and XUV accordingly.
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Old 4th July 2017, 11:34   #489
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Why is it that toyota has decresed price of fortuner in the range of 2L in delhi, whereas ford has decresed it in 1.5L range for delhi. Both were similarly priced before GST. Is ford being too greedy here? Can govt. anti profiteering law book them for pocketing the benefits of gst themselves and not transferring to customers?
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Old 4th July 2017, 12:08   #490
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Default Re: GST effect on car prices?

I am not a CA or even from finance but coming up with GST prices is obviously not straightforward.

1 - We need to claim/deduct the GST paid for the inputs consumed
As of now, the inventory would not have any GST paid, hence there is nothing to claim. One month down the line, the inputs would be GST paid, the claim can be made and benefit HAS to be passed on. The challenge is - how often can you revise pricing

2 - The manufacturers with all (CBU)/lots of imported components might find it easier to decide on post GST pricing as there are no/less inputs which are GST paid

3 - The vendors themselves might be using GST paid components and might not be able to provide the post GST pricing to the car manufacturers

As such, it might take a while for the manufacturers to come up with the right numbers but obviously they would have to come up with some number to keep the sales going. We should not be surprised to see further corrections down the line.

Last edited by amit73 : 4th July 2017 at 12:11.
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Old 4th July 2017, 13:24   #491
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MAH increases road tax by 2% due to loss of octroi. The loot begins. Hardly any difference will translate and if manufacturers raise price citing increase in production costs in a few months that'll be saying that GST or no GST we the consumers won't get any benefits
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Old 4th July 2017, 14:21   #492
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Quote:
Originally Posted by damager21 View Post
Hyundai Creta prices
Mumbai
Petrol - Hyundai Creta SX+ - 11.19lacs
Petrol - Hyundai Creta SX+ AT - 12.15lacs
Diesel - Hyundai Creta SX+ - 12.64lacs
Diesel - Hyundai Creta SX(O) - 13.64lacs

Delhi
Petrol - Hyundai Creta SX+ - 10.99lacs
Petrol - Hyundai Creta SX+ AT - 11.95lacs
Diesel - Hyundai Creta SX+ - 12.43lacs
Diesel - Hyundai Creta SX(O) - 13.40lacs
The new prices aren't out as yet and going by your price list, seems to be a big 1 lakh off the old price, which makes it much more value for money.

Please don't be offended but ,Could you clarify how good your source is😁
I hope these prices are true.
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Old 4th July 2017, 16:29   #493
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Default Re: GST effect on car prices?

Quote:
Originally Posted by lollapalooza View Post
Maharashtra has increased road tax by 2ppt. Matter of time before other states follow suit. To some extent this offsets the lower road tax since ex showroom prices have fallen but only partially.

http://m.timesofindia.com/city/navi-...w/59432525.cms
Quote:
Originally Posted by M00M View Post
MAH increases road tax by 2% due to loss of octroi. The loot begins. Hardly any difference will translate and if manufacturers raise price citing increase in production costs in a few months that'll be saying that GST or no GST we the consumers won't get any benefits
I agree, this 2% is to compensate for the Octroi loss

I am glad they have decided to cap the tax to 20 lakhs however this cap is yet too high. A person buying a car over 1.5cr will anyways pay that much tax @13-15% however if he does so in JH he will pay only pay 1/4th that price, saving him nearly 15 lakhs.
Only when one is registering a car a Phantom will it be a "level playing field".
Hence, they should cap this at 10 lakhs if they really want to making it a level playing field.

Also there is no mention of what the tax on CBU and company registration is. Usually these are almost double of regular individual RTO rates of CKD.
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Old 4th July 2017, 16:34   #494
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Default Re: GST effect on car prices?

Quote:
Originally Posted by chaudh2s View Post
Why is it that toyota has decresed price of fortuner in the range of 2L in delhi, whereas ford has decresed it in 1.5L range for delhi. Both were similarly priced before GST. Is ford being too greedy here? Can govt. anti profiteering law book them for pocketing the benefits of gst themselves and not transferring to customers?
Toyota does the same in Mumbai. Toyota reduced 2.1L for Fortuner but Ford reduced 3L for Endeavour.
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Old 4th July 2017, 17:41   #495
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Default Re: GST effect on car prices?

I took delivery of Jazz V MT yesterday here in Chennai which was invoiced pre-GST. I was asked to fill a refund form and sign along with copy of the invoice and other supporting documents. I was said that whatever the final difference will be refunded within 45 days of submitting the form. The salesperson suggested it could be around 8k but was unsure what the final amount would be.

Last edited by Yieldway17 : 4th July 2017 at 18:00. Reason: Typo
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