Budget 2014 - Car prices to come down due to reduction in Excise Duty!

damager21 · 19th February 2014, 17:45

Prices for the Volkswagen Polo have been reduced by Rs 18,000-Rs 31,000, while Vento's prices have been reduced by Rs 14,500-Rs 27,000. Jetta prices have been reduced by Rs 38,000-Rs 51,000.

Looks like auto companies will not pass on complete benefit to customers since they are already operating on thin margin. The trend could be that we will get to see higher price cut on hatchback and comparatively lower price cut on sedan.

ravradha · 19th February 2014, 17:52

Maruti is updating the price given in its website, as per the reduced rates. Hope to see it within a couple of hours. As of now it shows "no records found"

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dhall_gagan · 19th February 2014, 18:06

Prices for Hyundai vehicles slashed from 10k to a whopping 1.35 lacs

http://economictimes.indiatimes.com/...w/30680600.cms

Awesome!

DCEite · 19th February 2014, 18:34

Quote:

Originally Posted by dhall_gagan

Prices for Hyundai vehicles slashed from 10k to a whopping 1.35 lacs

http://economictimes.indiatimes.com/...w/30680600.cms

Awesome!

Any idea on the Grand i10 price cuts?

Specifically the Sportz 1.2 Kappa model.

Parth46 · 19th February 2014, 18:36

Quote:

Originally Posted by DCEite

Any idea on the Grand i10 price cuts?

Specifically the Sportz 1.2 Kappa model.

atleast 20k in Grand i10..please see updated prices here.

http://www.hyundai.com/in/en/Shoppin...ote/index.html

damager21 · 19th February 2014, 18:37

Quote:

Originally Posted by dhall_gagan

Prices for Hyundai vehicles slashed from 10k to a whopping 1.35 lacs

http://economictimes.indiatimes.com/...w/30680600.cms

Awesome!

This should not come as a shock as 1.35 lacs would be for the top end variant of Santa Fe which was launched recently at a price of 29.25 lacs.

As per new slabs, there is a 6% cut on excise tax for SUVs and hence this steep cut.

selvagp · 19th February 2014, 18:55

M&M now has the revised prices for XUV5OO.
I could not find the updated prices for Verna yet. Has anyone checked? Could be the case of studying whats happening with the Honda CITY.

vsrivatsa · 19th February 2014, 19:21

Another perspective to the same story:
http://economictimes.indiatimes.com/...w/30644113.cms

vsrivatsa · 19th February 2014, 19:24

Quote:

Originally Posted by selvagp

M&M now has the revised prices for XUV5OO.
I could not find the updated prices for Verna yet. Has anyone checked? Could be the case of studying whats happening with the Honda CITY.

Yes I checked for the Verna as well and its not in the list. I think this is good opportunity for Hyundai to provide a competitive pricing on the Verna since it just lost the segment leadership spot for Jan to the Honda City...

volkman10 · 19th February 2014, 19:25

Quote:

Originally Posted by selvagp

Could be the case of studying whats happening with the Honda CITY.

Here is from Honda,

The Honda Brio hatchback is now priced from Rs 3.99 lakh for the base trim, and goes up to Rs 5.99 lakh for the top VX variant.

Quote:

The Honda Amaze petrol now starts at Rs 4.99 lakh for the base car and the top-end VX petrol is priced at Rs 7.55 lakh. The Amaze diesel is now priced from Rs 5.97-7.49 lakh.
The new Honda City petrol costs Rs 7.19 lakh for the base variant, while the top-end version is priced at Rs 10.80 lakh. The diesel-powered City sedan now starts at Rs 8.37 lakh for the base car and Rs 10.9 lakh for the top-end variant.
The new Honda CR-V SUV now retails from Rs 20.25-24.36 lakh. (All prices, ex-showroom, Delhi).

Source:ACI

DCEite · 19th February 2014, 19:50

Quote:

Originally Posted by eq24

Update on Excise Duty Pricing

Just received word from both dealer and Manager at Honda that prices will be reduced from 17K to 25K depending on variant, which is not the whole 4% according to me but still its something I guess.

The same will be confirmed to us by evening and this will roll out publicly I am guessing from tomorrow.

Honda as I understand have not invoiced any cars since yesterday and will start today. Preexisting stock will also be covered under this reduction.

One more thing as the sticker price goes down so does the Registration amount and the Insurance. Please check if they have reduced yours. They were reluctant to reduce insurance for us but when we threatened to walk away they complied.

http://www.autocarindia.com/auto-new...ut-372833.aspx

"The Honda Amaze petrol now starts at Rs 4.99 lakh for the base car and the top-end VX petrol is priced at Rs 7.55 lakh. The Amaze diesel is now priced from Rs 5.97-7.49 lakh."

For reference, the present ex-showroom cost of i-DTEC EMT is 6.19 Lacs.
Thats almost 22k more than what the new price will be.

sandsun7 · 19th February 2014, 19:55

Fiat too seems to have reduced prices.
Saw this on the Fiat India official facebook page

Budget 2014 - Car prices to come down due to reduction in Excise Duty!-fiindia.png

sriramv.iyer · 19th February 2014, 19:57

Does anyone know if Skoda Octavia prices have been revised?

Their website still shows old data

hellmet · 19th February 2014, 21:12

Quote:

Originally Posted by sriramv.iyer

Does anyone know if Skoda Octavia prices have been revised?

Their website still shows old data

Why would you still want to buy a Skoda, even after all the threads on this website?

alabjarus · 19th February 2014, 21:45

Any idea on what impact this downward revision of excise duty would have on the pricing of Toyota Fortuner.

19th February 2014, 17:45	#91
damager21 BHPian Join Date: Feb 2013 Location: Mumbai Posts: 776 Thanked: 2,448 Times	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Prices for the Volkswagen Polo have been reduced by Rs 18,000-Rs 31,000, while Vento's prices have been reduced by Rs 14,500-Rs 27,000. Jetta prices have been reduced by Rs 38,000-Rs 51,000. Looks like auto companies will not pass on complete benefit to customers since they are already operating on thin margin. The trend could be that we will get to see higher price cut on hatchback and comparatively lower price cut on sedan.
	() Thanks

19th February 2014, 17:52	#92
ravradha BHPian Join Date: Nov 2006 Location: Bangalore Posts: 231 Thanked: 161 Times View My Garage	Maruti website is being updated Maruti is updating the price given in its website, as per the reduced rates. Hope to see it within a couple of hours. As of now it shows "no records found"
	() Thanks

19th February 2014, 18:06	#93
dhall_gagan BHPian Join Date: Feb 2006 Location: Delhi Posts: 166 Thanked: 14 Times View My Garage	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Prices for Hyundai vehicles slashed from 10k to a whopping 1.35 lacs http://economictimes.indiatimes.com/...w/30680600.cms Awesome!
	() Thanks

19th February 2014, 18:55	#97
selvagp BHPian Join Date: Dec 2013 Location: MAS - Chennai Posts: 87 Thanked: 55 Times	M&M now has the revised prices for XUV5OO. I could not find the updated prices for Verna yet. Has anyone checked? Could be the case of studying whats happening with the Honda CITY.
	() Thanks

19th February 2014, 19:21	#98
vsrivatsa Senior - BHPian Join Date: Jan 2014 Location: Bangalore Posts: 1,621 Thanked: 4,001 Times	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Another perspective to the same story: http://economictimes.indiatimes.com/...w/30644113.cms
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19th February 2014, 19:55	#102
sandsun7 Senior - BHPian Join Date: Feb 2012 Location: Bangalore Posts: 1,081 Thanked: 1,208 Times	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Fiat too seems to have reduced prices. Saw this on the Fiat India official facebook page
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19th February 2014, 19:57	#103
sriramv.iyer BHPian Join Date: Jun 2007 Location: Bangalore Posts: 845 Thanked: 739 Times	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Does anyone know if Skoda Octavia prices have been revised? Their website still shows old data
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19th February 2014, 21:45	#105
alabjarus BHPian Join Date: Oct 2006 Location: Bangalore Posts: 210 Thanked: 78 Times	Re: Budget 2014 - Car prices to come down due to reduction in Excise Duty! Any idea on what impact this downward revision of excise duty would have on the pricing of Toyota Fortuner.
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