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Old 25th February 2005, 01:00   #1
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Talking Do you think prices will reduce after budget?

Hey,

just wondering if prices will drop after the budget...if yes by approximate how much? just give your guess
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Old 25th February 2005, 03:45   #2
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when is the budget? atleast i hope the prices come down
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Old 25th February 2005, 16:35   #3
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Quote:
Originally Posted by gamerno1
when is the budget?
Feb 28th..

Quote:
i hope the prices come down
Read that the car parts may get tax breaks..

Source:Rediff
Car parts may get tax breaks

_CheerS_
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Old 26th February 2005, 01:28   #4
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Oil prices will be increased in this budget.So fuel will be more expensive.

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Old 26th February 2005, 11:38   #5
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i think the prices are going to increase bcoz there is a hike in steel and other products and the fuel prices are also getting hiked
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Old 26th February 2005, 12:29   #6
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steel prices getting hiked? i thut duty was being reduced to 5 % instead of 15 % earlier !

anyways just a day more to go - we will come to know
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Old 26th February 2005, 12:35   #7
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prices same or going up. i want import duty to come down dammit
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Old 26th February 2005, 12:40   #8
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The whole speculation of reduction in prices is because of a proposed reduction in additional excise duties on cars from 8% to 4%. The news is pretty much credible because it was the headlines in the economic times a few weeks back. In lay-man's terms a car costing about 6lacs will come down by around 20k.

The real question is how much of it will actually filter down to the customer. The auto companies may not reduce the price by much, inorder to absorb rising steel prices. They are already giving discounts on all cars, which will essentially be the regular price for the car.
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Old 26th February 2005, 12:49   #9
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the excise duty and customs duty are sure to have a cut but i dont think so that the manufacturers will pass the benefit to the consumer bcoz of hike in certain raw materials .. but all we can do is wait and watch and hope for the best
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Old 26th February 2005, 15:51   #10
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To be honest, I don't really care that much for local car taxes, BUT I sre do hope that import duty on CBU's come down to atleast the below 75% margin.
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Old 27th February 2005, 05:37   #11
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awww no man. not another oil hike. for heaven's sake. GIVE US A BRAKE!!!!!!!!
(just to burn some hearts here : the petrol costs approx. Rs. 7/litre in Kuwait)
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Old 28th February 2005, 13:44   #12
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Well guys - looks like it is business as usual - no changes - makes sense - no point promoting ar ownership when the infrastrucutre is crumbling
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Old 28th February 2005, 13:58   #13
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Quote:
Originally Posted by gamerno1
(just to burn some hearts here : the petrol costs approx. Rs. 7/litre in Kuwait)
Oh man, thats freakin crazy!!
And here we get a hole in our purses filling gas.....

Hope there is no rise in fuel prices.. won't be able to take it anymore....

_God give me fuel at Rs 20/l(Gotto pay something)_
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Old 28th February 2005, 21:33   #14
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Post Impact of Budget ??

Hello all,

What would be the impact of the budget on the overall auto-industry?? Would auto-maufacturers be encouraged to bring in new models into the country?? Would the new models be manufactured locally or bought in as CBUs??

Does it make sense to go in for a new car at this point of time or is it prudent to wait untill the VAT story unfolds??

Your comments are very valuable.. So post on..

Manish.
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Old 1st March 2005, 10:10   #15
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The impact of the budget is fantastic on the overall economy (over a 4 year period)...that said, as long as theres wealth in the market - auto manufacturers will come and sell their wares.

Whats relevant to the auto head:

1. Additional 50 paise cess on petrol and diesel
2. Lower spare parts price only till April. They will then come back to regular rates.
3. User imported car duties reduced from 105% to 100%.

GTO
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