Cars to cost more ... - Team-BHP

msdivy · 5th January 2007, 14:25

Hikes:

NHC: between Rs 5,241 and Rs 8,481
Civic: Rs 12,801

Safari: Rs 10,000-15,000
Sumo: Rs 5,000

Honda: Honda cars to cost more now-India Business-NEWS-The Times of India
Tata: Tata hikes prices of Safari, Sumo-Business Live-News-The Economic Times

Equus · 5th January 2007, 15:12

The budget might bring us some cheer if the 8% duty is cut across the board..

navdeep · 5th January 2007, 15:24

The trick is to compensate the duty cut. Increase the prices and after the budget prices drop. So all in prices remains almost same.

rajshenoy · 5th January 2007, 15:59

Really sad that these companies are not trying to pass on the duty cuts to the consumers..they are making sure that it is them who will benefit by those cuts..

msdivy · 5th January 2007, 17:06

This was expected. All major auto manufacturers had announced of price hikes in 2007 - sometime in Oct 06. In fact one of the selling point of Honda salesmen here in Bangalore was the impending price hike.

I doubt the duty reduction would affect mid-segment & above cars.

rahul_intlad · 5th January 2007, 18:59

With input cost's rising so much if tata's are able to stick to the one lakh tag[Even if it is an introductory offer] and produce a decent vehicle then it would be one hell of an achievement.

jkdas · 6th January 2007, 13:49

another link
Car prices to be up by Rs 15000

navdeep · 29th January 2007, 14:15

Maruti Udyog will hike prices of products by up to Rs 12,000 next month ( 1 feb 2007).

Source : http://business-standard.com/common/...N&autono=20098

navdeep · 29th January 2007, 14:21

not sure if they are going to increase Swift Xi/Di prices too.

navdeep · 30th January 2007, 16:34

its hyundai turn now. Price hike from 1 - 1.5% on various models.

Hyundai to hike prices by 1.5%

rahul_intlad · 28th February 2007, 18:15

After effects of budget 2007,

Maruti Udyog Ltd, India's largest car maker, said it will hike car prices from March 15.I feel the government is trying to suppress the demand of auto sector as already the interest rates are rising," Jagdish Khattar, managing director, Maruti Udyog Limited,

Ford and Hyundai likely to follow suit

source:
Maruti to hike car prices

extreme_torque · 28th February 2007, 19:05

@ALL... Why do cars that are made almost completely in india with localization levels close to 80-90% cost comparatively more? What are all the taxes on cars that are made in india?

navdeep · 28th February 2007, 19:49

I am not sure if they are going to raise prices for all models by various companies..

Ram_NP · 28th February 2007, 20:04

As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement.

Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.

amu1983 · 28th February 2007, 20:45

>> What are all the taxes on cars that are made in india?
The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government.

Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero.

The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days.

5th January 2007, 14:25	#1 (permalink)
msdivy BHPian Join Date: Aug 2006 Location: Bangalore Posts: 467	Cars to cost more ... Hikes: NHC: between Rs 5,241 and Rs 8,481 Civic: Rs 12,801 Safari: Rs 10,000-15,000 Sumo: Rs 5,000 Honda: Honda cars to cost more now-India Business-NEWS-The Times of India Tata: Tata hikes prices of Safari, Sumo-Business Live-News-The Economic Times

5th January 2007, 15:24	#3 (permalink)
navdeep BHPian Join Date: Sep 2006 Location: SomeWhere in India.. Posts: 872	The trick is to compensate the duty cut. Increase the prices and after the budget prices drop. So all in prices remains almost same. __________________ eXpect the uneXpected \| Diesel For Men

6th January 2007, 13:49	#7 (permalink)
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapuram Posts: 5,330 View My Garage	another link Car prices to be up by Rs 15000 __________________ "She may not look like much, but she's got it where it counts, kid."

29th January 2007, 14:15	#8 (permalink)
navdeep BHPian Join Date: Sep 2006 Location: SomeWhere in India.. Posts: 872	Maruti Udyog will hike prices of products by up to Rs 12,000 next month ( 1 feb 2007). Source : http://business-standard.com/common/...N&autono=20098 __________________ eXpect the uneXpected \| Diesel For Men

29th January 2007, 14:21	#9 (permalink)
navdeep BHPian Join Date: Sep 2006 Location: SomeWhere in India.. Posts: 872	not sure if they are going to increase Swift Xi/Di prices too. __________________ eXpect the uneXpected \| Diesel For Men

5th January 2007, 15:12	#2 (permalink)
Equus BHPian Join Date: Sep 2006 Location: Bangalore Posts: 293	The budget might bring us some cheer if the 8% duty is cut across the board..

5th January 2007, 15:59	#4 (permalink)
rajshenoy BHPian Join Date: Apr 2006 Location: bangalore Posts: 217	Really sad that these companies are not trying to pass on the duty cuts to the consumers..they are making sure that it is them who will benefit by those cuts..

5th January 2007, 17:06	#5 (permalink)
msdivy BHPian Join Date: Aug 2006 Location: Bangalore Posts: 467	This was expected. All major auto manufacturers had announced of price hikes in 2007 - sometime in Oct 06. In fact one of the selling point of Honda salesmen here in Bangalore was the impending price hike. I doubt the duty reduction would affect mid-segment & above cars.

5th January 2007, 18:59	#6 (permalink)
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,568	With input cost's rising so much if tata's are able to stick to the one lakh tag[Even if it is an introductory offer] and produce a decent vehicle then it would be one hell of an achievement.

30th January 2007, 16:34	#10 (permalink)
navdeep BHPian Join Date: Sep 2006 Location: SomeWhere in India.. Posts: 872	its hyundai turn now. Price hike from 1 - 1.5% on various models. Hyundai to hike prices by 1.5% __________________ eXpect the uneXpected \| Diesel For Men

28th February 2007, 18:15	#11 (permalink)
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,568	After effects of budget 2007, Maruti Udyog Ltd, India's largest car maker, said it will hike car prices from March 15.I feel the government is trying to suppress the demand of auto sector as already the interest rates are rising," Jagdish Khattar, managing director, Maruti Udyog Limited, Ford and Hyundai likely to follow suit source: Maruti to hike car prices

28th February 2007, 19:05	#12 (permalink)
extreme_torque Senior - BHPian Join Date: Feb 2005 Location: Delhi Posts: 1,271	@ALL... Why do cars that are made almost completely in india with localization levels close to 80-90% cost comparatively more? What are all the taxes on cars that are made in india?

28th February 2007, 19:49	#13 (permalink)
navdeep BHPian Join Date: Sep 2006 Location: SomeWhere in India.. Posts: 872	I am not sure if they are going to raise prices for all models by various companies.. __________________ eXpect the uneXpected \| Diesel For Men

28th February 2007, 20:04	#14 (permalink)
Ram_NP BHPian Join Date: Feb 2007 Location: Kolkata Posts: 76	As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement. Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.

28th February 2007, 20:45	#15 (permalink)
amu1983 BHPian Join Date: Jan 2007 Location: Pune Posts: 137	>> What are all the taxes on cars that are made in india? The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government. Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero. The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days. Last edited by amu1983 : 28th February 2007 at 20:48.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Maruti Cars to cost more	deepak_ms	The Indian Car Scene!!	10	27th December 2007 04:30
Why cars cost less in Delhi ?	mithun	The Indian Car Scene!!	21	9th September 2006 22:56
Cars gonna cost a bomb in Maharashtra in the next Financial year	EVO6	The Indian Car Scene!!	7	25th March 2006 19:34
Small cars to cost less	goldie_malhotra	The Indian Car Scene!!	37	4th March 2006 10:07
Why do German cars cost more than their Japanese counterparts?	v12	The International Automotive Scene	0	5th March 2005 13:02