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


Reply
 
Thread Tools Search this Thread
Old 20th July 2017, 13:57   #1
BHPian
 
deehunk's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 901
Thanked: 593 Times
Default Manufacturers refunding excess ₹₹₹ after GST implementation

Honda is refunding excess money after the GST implementation to its car buyers, I received a refund of Rs.13,396 yesterday.
deehunk is offline   (19) Thanks Reply With Quote
Old 20th July 2017, 16:21   #2
BHPian
 
LionX's Avatar
 
Join Date: Dec 2008
Location: Cochin / Bangalore
Posts: 503
Thanked: 522 Times
Infractions: 0/1 (5)
Default Re: GST effect on car prices?

Quote:
Originally Posted by deehunk View Post
Honda is refunding excess money after the GST implementation to its car buyers, I received a refund of Rs.13,396 yesterday.
I think Toyota should learn from this. They are trying to utilize the situation. Compared to Delhi, Bangalore ex-showroom price for Fortuner is more than 75 K.
LionX is offline   (3) Thanks Reply With Quote
Old 21st July 2017, 20:07   #3
BANNED
 
Join Date: May 2017
Location: Chennai
Posts: 84
Thanked: 116 Times
Infractions: 0/1 (5)
Thumbs up Re: GST effect on car prices?

Quote:
Originally Posted by deehunk View Post
Honda is refunding excess money after the GST implementation to its car buyers, I received a refund of Rs.13,396 yesterday.
Got credited 12k today as well, I came here to post the same.

To note, I was not even promised a refund when I booked as there was no formal process defined then. I still went ahead with the booking in June because of few other discounts. After implementation of GST, when I took delivery of my car, the dealer asked me to sign few forms to process the refund which was a pleasant surprise.

Really appreciate Honda doing this, raises opinion on them by a notch.
Yieldway17 is offline   (10) Thanks Reply With Quote
Old 21st July 2017, 22:11   #4
BHPian
 
hypermiler's Avatar
 
Join Date: Aug 2011
Location: Chennai
Posts: 64
Thanked: 72 Times
Default Re: GST effect on car prices?

Quote:
Originally Posted by Yieldway17 View Post
To note, I was not even promised a refund when I booked as there was no formal process defined then. I still went ahead with the booking in June because of few other discounts. After implementation of GST, when I took delivery of my car, the dealer asked me to sign few forms to process the refund which was a pleasant surprise.

Really appreciate Honda doing this, raises opinion on them by a notch.
Yes. Came as a surprise as I was not expecting it. Refund amount came to ~13k for the car delivered by mid June. Good of Honda to do this

Last edited by GTO : 24th July 2017 at 10:40. Reason: Corrected :)
hypermiler is offline   (10) Thanks Reply With Quote
Old 22nd July 2017, 09:19   #5
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 47,156
Thanked: 85,044 Times
Default re: Manufacturers refunding excess ₹₹₹ after GST implementation

Thanks for sharing guys! Moving this to a new thread.

Here's another post about Renault doing the same

Quote:
Originally Posted by Repsol View Post
Just got a call from my SA that Renault is offering some refund to all the customers who purchased vehicles in the month of June. This is because from July onwards, due to the implementation of GST, the prices of Duster have come down. Currently he has not shared what the exact amount is, but I feel its a very good move by Renault to ensure that those customers who have purchased vehicles during the month of June don't regret their decision .
GTO is offline   (8) Thanks Reply With Quote
Old 22nd July 2017, 14:43   #6
BHPian
 
a_myth's Avatar
 
Join Date: Dec 2008
Location: Goa
Posts: 94
Thanked: 23 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

My wife purchased a Tiago AMT in June. Just confirmed with sales manager that price has now been reduced by 13k.
I hope Tata also comes up with similar refund.
a_myth is offline   Reply With Quote
Old 22nd July 2017, 16:40   #7
Senior - BHPian
 
Ricky_63's Avatar
 
Join Date: Dec 2006
Location: Gurgaon
Posts: 3,844
Thanked: 373 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Honda was widely advertising that they would be refunding any amount that is received in excess of the post GST PRICE. Heard it over radio & saw newspaper advertising as well.

Glad to hear that they are actually delivering on the promise ! Good going Honda !!

Think it may happen across all brands, which would be the right thing to do.

Cheers

Last edited by Ricky_63 : 22nd July 2017 at 16:41.
Ricky_63 is offline   (4) Thanks Reply With Quote
Old 22nd July 2017, 17:12   #8
Distinguished - BHPian
 
condor's Avatar
 
Join Date: Jun 2006
Location: Speed-brkr City
Posts: 10,518
Thanked: 3,983 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Hope this extends to the Company Leased Cars. Any one yet ?
condor is offline   Reply With Quote
Old 22nd July 2017, 19:34   #9
BHPian
 
Join Date: Dec 2009
Location: Bangalore
Posts: 343
Thanked: 242 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Quote:
Originally Posted by condor View Post
Hope this extends to the Company Leased Cars. Any one yet ?
Sorry..what do you mean by Company leased cars?Are you saying that they should extend this refund to cars which are taken under company lease pre GST?
samabhi is offline   Reply With Quote
Old 23rd July 2017, 01:34   #10
BHPian
 
isldhn's Avatar
 
Join Date: Nov 2008
Location: Ludhiana
Posts: 201
Thanked: 8 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Guys, do you think that there is a right for the buyer to get the amount refunded for any car which has been bought in June and the prices of which are corrected downwards in July after the implementation of GST. We bought a Jaguar F Pace and the prices have corrected by approx 4 lakhs and if there is some tribunal or authority where I can raise a complaint, then please do let me know. Would help me spend that extra dough saved on getting the 20" wheels for the cat
isldhn is offline   Reply With Quote
Old 23rd July 2017, 12:45   #11
BHPian
 
turbospooler's Avatar
 
Join Date: Mar 2013
Location: Pune
Posts: 185
Thanked: 255 Times
Default

Quote:
Originally Posted by isldhn View Post
Guys, do you think that there is a right for the buyer to get the amount refunded for any car which has been bought in June and the prices of which are corrected downwards in July after the implementation of GST. We bought a Jaguar F Pace and the prices have corrected by approx 4 lakhs and if there is some tribunal or authority where I can raise a complaint, then please do let me know. Would help me spend that extra dough saved on getting the 20" wheels for the cat
Why will they refund it? Other's are doing it for goodwill. There is no rule/law which can force the OEM to pass on benefits of taxes saved post you made your purchase!
turbospooler is offline   (2) Thanks Reply With Quote
Old 24th July 2017, 08:58   #12
BHPian
 
isldhn's Avatar
 
Join Date: Nov 2008
Location: Ludhiana
Posts: 201
Thanked: 8 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Thats what I wanted to understand buddy, whether it is a 'good gesture' act from some companies which are offering the refunds or would there be a tribunal for taking the matter up with the government. I say this because I read somewhere that the government had asked the people to report the establishments which have increased prices before GST, citing some or the other reason. So maybe such kind of tribunal is also there in which we can raise issues of being shortchanged because we bought a product just before GST was implemented.
Anyways, if I come across such a tribunal, I will post and inform all. Till then, keep revving!!
isldhn is offline   Reply With Quote
Old 24th July 2017, 11:46   #13
BHPian
 
AkMar's Avatar
 
Join Date: Apr 2007
Location: Mumbai
Posts: 876
Thanked: 1,242 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Dad also got refund of Rs 7279 for his WR-V bought in June.
AkMar is offline   Reply With Quote
Old 24th July 2017, 12:06   #14
BANNED
 
Join Date: May 2017
Location: Chennai
Posts: 84
Thanked: 116 Times
Infractions: 0/1 (5)
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

Quote:
Originally Posted by isldhn View Post
Thats what I wanted to understand buddy, whether it is a 'good gesture' act from some companies which are offering the refunds or would there be a tribunal for taking the matter up with the government. I say this because I read somewhere that the government had asked the people to report the establishments which have increased prices before GST, citing some or the other reason. So maybe such kind of tribunal is also there in which we can raise issues of being shortchanged because we bought a product just before GST was implemented.
Anyways, if I come across such a tribunal, I will post and inform all. Till then, keep revving!!
It's purely a good-will gesture by manufacturers

I don't know about Jaguar but other manufacturers didn't increase price couple of months before GST to bring it to the original price after GST. Government also only warned about not passing on the benefits of GST to consumers which again car manufacturers have done. So, there is nothing to make a case against them for not refunding bookings made in June or earlier.
Yieldway17 is offline   Reply With Quote
Old 24th July 2017, 14:00   #15
BHPian
 
deehunk's Avatar
 
Join Date: Nov 2009
Location: Bangalore
Posts: 901
Thanked: 593 Times
Default Re: Manufacturers refunding excess ₹₹₹ after GST implementation

This gesture is better than the massive discounts some car manufacturers have offered/offer to boost sales or clear stocks at the end of year. Government cannot interfere in such decisions as it is more like a financial recall by manufacturers.
deehunk 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
Server Config + Implementation - Small Business Red Liner Gadgets, Computers & Software 43 26th October 2015 11:53
Design and implementation of a Tree House zenx Shifting gears 10 1st September 2010 10:41
BS-III implementation postponed by 6 months MileCruncher The Indian Car Scene 10 25th May 2010 17:13
Bs-iv Implementation-car Price Hike bullock-Car The Indian Car Scene 29 27th March 2010 12:15
ICE implementation query SRShrikanth In-Car Entertainment 8 31st December 2007 12:15


All times are GMT +5.5. The time now is 12:41.

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