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Old 9th December 2008, 03:50   #46
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Any idea if luxury car makers like BMW,Audi,Merc are going to follow suit?
Also how long is this tax vacation going to last?
Cheers
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Old 9th December 2008, 06:48   #47
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is the price cut applicable for fiesta which is already having heavy discounts??i booked my car and will be getting it on thursday(11dec).
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Old 9th December 2008, 08:16   #48
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Default Hyundai Motor India passes on full benefit of Cenvat reduction

Hyundai Motor India passes on full benefit of Cenvat reduction

Hyundai Motor India passes on full benefit of Cenvat reduction<br> - Reduces prices up to Rs 44,792

New Price and savings on each model

Model Current Price(Rs) | New Price(Rs) | Saving(Rs)

Santro ( Non AC) 265,132 | 256,299 | 8,834

Santro (GL) 332,794 | 321,738 | 11,057

Santro (LPG) GLS 373,357 | 360,865 | 12,492

i10 (Delite) 337,174 | 325,927 | 11,247

i10 (Sportz) 426,869 | 412,520 | 14,349

i10(Asta AT) 543,644 | 525,263 | 18,381

Getz (GLE 1.1) 394,089 | 380,675 | 13,413

Getz (GLX 1.3) 498,548 | 483,298 | 15,251

Getz (GVS CRDi) 564,548 | 545,126 | 19,422

Accent 499,904 | 484,364 | 15,540

Verna (i) 649,190 | 629,566 |19,625

Verna (CRDi SX ABS) 836,544 | 810,370 | 26,174

Sonata (MT) 1,238,562 | 1,200,556 | 38,006

Sonata (CRDi AT) 1,447,014 | 1,402,223 | 44,792

All the above prices are Ex-showroom, Delhi
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Old 9th December 2008, 08:43   #49
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Saw Mitsubishi ad - they have also reduced across the entire range.
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Old 9th December 2008, 08:45   #50
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Some of the manufacturers and dealers are still debating as to who should bear the cost of reduced CENVAT for the cars which have left the plant are in transit or at the dealers godown. Companies with long pipeline find it difficult to reach consensus some of them I guess (Hyundai, Maruti, Toyota etc. have already done so) .

However, no news from Skoda and the likes. Issue is not whether to do it or not issue is about sharing the cost of the reduced VAT as the VAT would have already been paid at earlier rates for cars that left factories and yet not sold.

Anyway, just be patient- if dealers or car makers donot like to keep the cars in their godowns, they have to offer their best rates- its decemeber and they would like to sell off 2008 inventory asap.

BTW is Sonata CRDi AT still available? I guess long back it was discontinued- in that case, a discount of 44792/- on this model as shown in the post above is just notional.
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Old 9th December 2008, 09:31   #51
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Quote:
Originally Posted by condor View Post
Continuing to use old (higher) CENVAT rates will be illegal.

The one way that companies can maintain same prices is to offset the lower CENVAT with higher factory price.

But why would any company do such a thing ? A move like that will be seen as challenging the Fin Min & the government.
That is what I said. Legally, they can still maintain the same realisations. But supply-demand precludes such a move.
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Old 9th December 2008, 10:01   #52
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Any price cuts on Indica Vista and Swift DDiS ?
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Old 9th December 2008, 10:12   #53
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Quote:
Originally Posted by sudipt123 View Post
Had contacted GM Area sales manager today, he said prices will be updated by tonight and will be confirmed by tomorrow.
@Bouncer - Sir, In my case I have booked the car, car had been allotted last week, and was in transit. When it reached the warehouse, made the downpayment, and got loan papers processed. On contacting salesperson, he says- since car has been invoiced already and despatched from factory to them - i might not get the cenvat reduction benefit. Subsequently, spoke to GM- they say since car has been already billed from the factory- It's a pending issue. Will come to know today morning. Keeping my fingers crossed.
One books the car and decide on particular piece is fine, thats still only a booking, but the invoicing in his name will be done only when 100% payment is received. And this invoicing in customer's name will happen at dealer point not at factory point. Factory will bill in dealer's name for transit purposes.

You say you made a down payment and processed loan papers. Is the disbursrment of loan done and payment reached to dealer? If not, you still might have a chance.
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Old 9th December 2008, 10:20   #54
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Quote:
Originally Posted by Bouncer View Post
One books the car and decide on particular piece is fine, thats still only a booking, but the invoicing in his name will be done only when 100% payment is received. And this invoicing in customer's name will happen at dealer point not at factory point. Factory will bill in dealer's name for transit purposes.

You say you made a down payment and processed loan papers. Is the disbursrment of loan done and payment reached to dealer? If not, you still might have a chance.
The disbursement draft is with the Finance DSA and he has not given it to the dealer as yet (upon my request). The issue is Sir, since spark is carrying a sizeable dealer discount approx Rs. 58000/- the company might reduce it and pass on the cenvat reduction. I hope you have come across this article sir- Auto cos may take Rs 1k crore hit-India Business-Business-The Times of India
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Old 9th December 2008, 12:05   #55
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Quote:
Originally Posted by DCEite View Post
Any price cuts on Indica Vista and Swift DDiS ?
maruti has still not given new pricing but 2 dealers are offering 22k off on the vdi version so im going with a cheque tomo. morning itself.
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Old 9th December 2008, 12:08   #56
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Maruti Suzuki now updated the latest price in their site, Reduced prices for some popular models are Maruti 800 Rs6,593 ,Alto Rs8,028 & Swift Lxi Rs12,458 .
Since I am planning to book Red Swift Lxi tomorrow, Just checked with dealer reg. rate cut on toadtax/insurance premium in proportion to this, He said they are working on that and let me know ASAP.
Maruti car prices: Maruti 800 cost, Alto, Omni, Zen, Wagonr, Versa, Esteem, Baleno, Grand Vitara, Gypsy price, finance, insurance, accessories, true value, fleet management solutions, exchange or buy cars
Once I gat the details I will post the updates
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Old 9th December 2008, 12:21   #57
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Default HM announces price cut for Mitsubishi cars too

Todady paper announces the price cut on All Mitsubishi cars .
Lancer , Cedia, Pajero, Outlander and Motero are in the list.
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Old 9th December 2008, 13:13   #58
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New Tata prices updated on the website (atleast for Safari).
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Old 9th December 2008, 13:23   #59
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@JVille07 Thanks for updating the maruti prices, can you please find out what the old price was as well. Just to see how much of a benefit this is for us all.
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Old 9th December 2008, 14:45   #60
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30K cut for Cedia and 65K cut for Outlander I believe. The outlander prices were increased by 80K so this 65K drop has brought it back to old price almost. With this the CR-V is much more expensive than the Outlander I'm guessing since honda increased the prices by 1.5L.
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