Car buyers can expect lower prices

[DriverR]

Can the Govt really do this?



Source : Economic Times

Car buyers can expect lower prices

NEW DELHI: Missed out on a good car bargain the last time? Wait, there is relief yet.

In a stride that could see the price tags of cars coming down, the government is understood to be in discussion with automakers to pass on the entire benefit of the four per cent CENVAT cut in December last year, to consumers.

The move comes after some auto majors, including the country's largest carmaker Maruti Suzuki, Hyundai Motor and Toyota Kirloskar, increased their vehicles' prices in the last two months citing rise in input costs and devaluation of the rupee in the international market.

"The Department of Heavy Industries has been asked to see that automobile majors pass on the benefit of the duty cut to consumers," an official source privy to the recent meeting of the Committee of Secretaries said.

[guru]

meh! 4%.. it should have been more substantial imo...

[kkr2k2]

I heard, the indigo CS LS TDI is being offered at 4.3L On-Road price here in Hyderabad. Normally it would be 5.1L. Thats 80K discount, ofcourse you will get a '08 model.

Raj.

[loving_alaap]

Well, in India, no car company will give full 4% benefit to the customers. They have taken us for granted.

And above all, in today's newspaper TOI, mentioned huge growth in car sales compare to slow down in previous months. So, price reduction.... I dont think.

By the way 80 K is a company discount, its not the govt benefit.