Go Back   Team-BHP > BHP India > Super-Cars & Imports in India


Closed Thread
 
Thread Tools Search this Thread
Old 21st November 2011, 05:23   #1
BHPian
 
akshay380's Avatar
 
Join Date: Sep 2011
Location: Goa
Posts: 735
Thanked: 560 Times
Thumbs up Top-end European cars may get cheaper

Good news! Isn't it?
NEW DELHI: Finally, top-end automobiles may cost less with India softening its position on reducing import duty on these products shipped from the European Union.

Quote:
Customs duty on completely built cars is over 100% and the government is toying with the idea of using tariff rate quotas, which will allow only a limited number of vehicles to be imported at concessional rates. Officials also said given the problems in Europe and the loss of competitiveness, the threat from cheaper imports was lower now.
Source & Link to the Times of India Article

Last edited by GTO : 21st November 2011 at 14:40. Reason: Keeping fair usage practices in mind, it is best to include an excerpt + link to full article
akshay380 is offline  
Old 21st November 2011, 06:13   #2
Distinguished - BHPian
 
Sahil's Avatar
 
Join Date: May 2004
Location: Bombay
Posts: 5,202
Thanked: 2,094 Times
Default Re: Top-end European cars, wine may get cheaper

These talks have been on for a while. Waiting to see if it will ever go thru
Sahil is offline  
Old 21st November 2011, 09:41   #3
BHPian
 
samyakmodi's Avatar
 
Join Date: Apr 2006
Location: Indore
Posts: 792
Thanked: 261 Times
Default Re: Top-end European cars, wine may get cheaper

well if the premium cars would come cheaper, that would still effect the premium cars manufactured in india (likes of laura, superb, cruze, civic etc.) right?

i mean imagine a c-class coming (CBU) for maybe under 20 lacs (reduced taxes) - who would consider buying the laura or the cruze or the jetta?
or maybe the e-class coming (CBU) coming in for lesser than 30 lacs - won't it effect the c-class market (considering it's assembled here right now) ?

i guess they should change the norms of bikes. even if a bike is available in india for 6 lacs after all the duties paid - it still won't disrupt the indian manufacturers as their bikes are still maybe 80-90% cheaper than these bikes.

but to come to think of it - this again is proposed - who knows when and how will it happen.
samyakmodi is offline   (1) Thanks
Old 21st November 2011, 10:01   #4
Senior - BHPian
 
stanjohn123's Avatar
 
Join Date: Oct 2008
Location: TN 75
Posts: 1,063
Thanked: 392 Times
Default Re: Top-end European cars, wine may get cheaper

Quote:
Originally Posted by samyakmodi View Post
well if the premium cars would come cheaper, that would still effect the premium cars manufactured in india (likes of laura, superb, cruze, civic etc.) right?

i mean imagine a c-class coming (CBU) for maybe under 20 lacs (reduced taxes) - who would consider buying the laura or the cruze or the jetta?
or maybe the e-class coming (CBU) coming in for lesser than 30 lacs - won't it effect the c-class market (considering it's assembled here right now) ?

i guess they should change the norms of bikes. even if a bike is available in india for 6 lacs after all the duties paid - it still won't disrupt the indian manufacturers as their bikes are still maybe 80-90% cheaper than these bikes.

but to come to think of it - this again is proposed - who knows when and how will it happen.
I think what they mean by premium could be cars in the above 90 Lakh or 1 crore segment. There is no way anyone would let entry/mid level luxury car prices to come down.
stanjohn123 is offline  
Old 21st November 2011, 10:25   #5
Senior - BHPian
 
esteem_lover's Avatar
 
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,554
Thanked: 445 Times
Default Re: Top-end European cars, wine may get cheaper

Guess we are talking about 50 lakhs plus cars, not 15-30 lakhs cars.
esteem_lover is offline  
Old 21st November 2011, 10:45   #6
BHPian
 
samyakmodi's Avatar
 
Join Date: Apr 2006
Location: Indore
Posts: 792
Thanked: 261 Times
Default Re: Top-end European cars, wine may get cheaper

so if it's a 50 lac plus car OR a crore Rs. plus car, would it not mean that the tax exemption is given to the people who can afford it?

rich people get exemption for their toys while the poor have to pay taxes even to breathe.

something's not right here.
samyakmodi is offline   (1) Thanks
Old 21st November 2011, 11:14   #7
Senior - BHPian
 
esteem_lover's Avatar
 
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,554
Thanked: 445 Times
Default Re: Top-end European cars, wine may get cheaper

Whatever makes you think this will be passed on to the consumer ? This is for the auto industry not for the auto enthusiast.
esteem_lover is offline  
Old 21st November 2011, 11:17   #8
Team-BHP Support
 
Eddy's Avatar
 
Join Date: Apr 2007
Location: Delhi
Posts: 7,402
Thanked: 4,680 Times
Default Re: Top-end European cars, wine may get cheaper

Note from Support: Reference to Rule # 11, kindly limit the discussion to high end cars only. Thanks
Eddy is online now  
Old 21st November 2011, 11:21   #9
BHPian
 
DevilsCry's Avatar
 
Join Date: Sep 2011
Location: Delhi
Posts: 557
Thanked: 503 Times
Default Re: Top-end European cars may get cheaper

Post deleted by the Team-BHP Support : Please do NOT post one-liners that add little or no informational value to the thread. We need your co-operation to maintain the overall quality of this forum.

Please read our rules before proceeding any further.

Last edited by GTO : 21st November 2011 at 14:41.
DevilsCry is offline   Received Infraction
Old 21st November 2011, 11:51   #10
BHPian
 
scuderiamania's Avatar
 
Join Date: Nov 2009
Location: Kolkata
Posts: 344
Thanked: 59 Times
Default Re: Top-end European cars, wine may get cheaper

Quote:
Originally Posted by esteem_lover View Post
Whatever makes you think this will be passed on to the consumer ? This is for the auto industry not for the auto enthusiast.
could you please explain how reduction on duties paid for import of 50+ lac cars is going to help the Indian auto industry? Would this not let manufacturers import cars at a lower cost thus furthering them from the idea of manufacturing such cars in India?
scuderiamania is offline  
Old 21st November 2011, 12:09   #11
Senior - BHPian
 
esteem_lover's Avatar
 
Join Date: Jul 2006
Location: Madras/Py
Posts: 7,554
Thanked: 445 Times
Default Re: Top-end European cars may get cheaper

Import duty on cars range from just over a 100% to 300%. If the top end cars (300%) is brought down to say 200%, the company is still going to import the car as CBU but still will not reduce the cost of it at all, maybe at the most by 5-10%. So who gains here ?
esteem_lover is offline  
Old 21st November 2011, 12:19   #12
SDP
Team-BHP Support
 
SDP's Avatar
 
Join Date: Jan 2010
Location: Mumbai
Posts: 3,710
Thanked: 7,607 Times
Default Re: Top-end European cars may get cheaper

Definitely interesting development.
If the high end CBUs become cheaper and start competing in different price-bracket, its bound to have a cascading impact on a bunch of lower segments. Manufacturers would need to revisit their margin calculations on luxury vehicles.
SDP is offline  
Old 21st November 2011, 14:43   #13
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 47,749
Thanked: 89,386 Times
Default Re: Top-end European cars may get cheaper

Personally, I don't support this move at all. I'm a firm believer of the "If you want to sell it here, BUILD IT HERE" philosophy. I hope the Government continues to impose exorbitant taxes on CBUs & full Imports.
GTO is offline   (1) Thanks
Old 21st November 2011, 14:53   #14
BANNED
 
Join Date: Nov 2011
Location: Mumbai
Posts: 87
Thanked: 15 Times
Default Re: Top-end European cars may get cheaper

Post deleted by the Team-BHP Support : Please do NOT post one-liners that add little or no informational value to the thread. We need your co-operation to maintain the overall quality of this forum.

Please read our rules before proceeding any further.

Last edited by GTO : 22nd November 2011 at 18:52.
diesel_power is offline   Received Infraction
Old 21st November 2011, 15:08   #15
ACM
Distinguished - BHPian
 
ACM's Avatar
 
Join Date: Mar 2008
Location: Mumbai
Posts: 4,152
Thanked: 2,457 Times
Default Re: Top-end European cars may get cheaper

We have been discussing this every few months out here and we all keep sharing our view points again and again.

I don't think this will actually happen. I am in favour of supporting the local manufacturers - As in those who manufacture locally be it India, korean, Japs, Americans or German.

Components that remain "imported" - as in "Not locallized" should be taxed higher. There should be a highest tax rate for fully imported vehicles and a second higher slab for those that just assemble here but import more than 50 or may be 70% of the components.

Local manufacurers with 90% + locallization must benifit. How else will we get the manufacturing to shift here for lower prices in the longer run and employment for those in India for the cars we buy here.
ACM is offline  
Closed Thread


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Petrol may get cheaper by Rs 11 in Goa!! UPDATE: Prices Reduced ! akshay380 The Indian Car Scene 135 14th May 2013 17:08
Rajasthan State Budget: Expensive Cars & Petrol get cheaper ! akhilesh51 The Indian Car Scene 0 27th March 2012 18:45
Top Gear's James May and Richard Hammond 'may leave' BBC motoring show ajmat Shifting gears 10 7th July 2008 23:38
Cheaper Scorpio variant launched EDIT: More variants with Cheaper 2.2 .anshuman The Indian Car Scene 42 10th May 2008 21:54


All times are GMT +5.5. The time now is 04:12.

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