Cars to cost more ...

msdivy · 5th January 2007, 15:25

Hikes:

NHC: between Rs 5,241 and Rs 8,481
Civic: Rs 12,801

Safari: Rs 10,000-15,000
Sumo: Rs 5,000

Honda: Honda cars to cost more now-India Business-NEWS-The Times of India
Tata: Tata hikes prices of Safari, Sumo-Business Live-News-The Economic Times

Equus · 5th January 2007, 16:12

The budget might bring us some cheer if the 8% duty is cut across the board..

navdeep · 5th January 2007, 16:24

The trick is to compensate the duty cut. Increase the prices and after the budget prices drop. So all in prices remains almost same.

rajshenoy · 5th January 2007, 16:59

Really sad that these companies are not trying to pass on the duty cuts to the consumers..they are making sure that it is them who will benefit by those cuts..

msdivy · 5th January 2007, 18:06

This was expected. All major auto manufacturers had announced of price hikes in 2007 - sometime in Oct 06. In fact one of the selling point of Honda salesmen here in Bangalore was the impending price hike.

I doubt the duty reduction would affect mid-segment & above cars.

rahul_intlad · 5th January 2007, 19:59

With input cost's rising so much if tata's are able to stick to the one lakh tag[Even if it is an introductory offer] and produce a decent vehicle then it would be one hell of an achievement.

jkdas · 6th January 2007, 14:49

another link
Car prices to be up by Rs 15000

navdeep · 29th January 2007, 15:15

Maruti Udyog will hike prices of products by up to Rs 12,000 next month ( 1 feb 2007).

Source : http://business-standard.com/common/...N&autono=20098

navdeep · 29th January 2007, 15:21

not sure if they are going to increase Swift Xi/Di prices too.

navdeep · 30th January 2007, 17:34

its hyundai turn now. Price hike from 1 - 1.5% on various models.

Hyundai to hike prices by 1.5%

rahul_intlad · 28th February 2007, 19:15

After effects of budget 2007,

Maruti Udyog Ltd, India's largest car maker, said it will hike car prices from March 15.I feel the government is trying to suppress the demand of auto sector as already the interest rates are rising," Jagdish Khattar, managing director, Maruti Udyog Limited,

Ford and Hyundai likely to follow suit

source:
Maruti to hike car prices

extreme_torque · 28th February 2007, 20:05

@ALL... Why do cars that are made almost completely in india with localization levels close to 80-90% cost comparatively more? What are all the taxes on cars that are made in india?

navdeep · 28th February 2007, 20:49

I am not sure if they are going to raise prices for all models by various companies..

Ram_NP · 28th February 2007, 21:04

As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement.

Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.

amu1983 · 28th February 2007, 21:45

>> What are all the taxes on cars that are made in india?
The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government.

Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero.

The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days.

5th January 2007, 15:25	#1
msdivy Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,815 Thanked: 2,826 Times	Cars to cost more ... Hikes: NHC: between Rs 5,241 and Rs 8,481 Civic: Rs 12,801 Safari: Rs 10,000-15,000 Sumo: Rs 5,000 Honda: Honda cars to cost more now-India Business-NEWS-The Times of India Tata: Tata hikes prices of Safari, Sumo-Business Live-News-The Economic Times
	() Thanks

5th January 2007, 16:12	#2
Equus Senior - BHPian Join Date: Sep 2006 Location: Bangalore Posts: 1,123 Thanked: 423 Times	The budget might bring us some cheer if the 8% duty is cut across the board..
	() Thanks

5th January 2007, 16:24	#3
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	The trick is to compensate the duty cut. Increase the prices and after the budget prices drop. So all in prices remains almost same.
	() Thanks

5th January 2007, 16:59	#4
rajshenoy Senior - BHPian Join Date: Apr 2006 Location: bangalore Posts: 2,885 Thanked: 2,230 Times View My Garage	Really sad that these companies are not trying to pass on the duty cuts to the consumers..they are making sure that it is them who will benefit by those cuts..
	() Thanks

5th January 2007, 18:06	#5
msdivy Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,815 Thanked: 2,826 Times	This was expected. All major auto manufacturers had announced of price hikes in 2007 - sometime in Oct 06. In fact one of the selling point of Honda salesmen here in Bangalore was the impending price hike. I doubt the duty reduction would affect mid-segment & above cars.
	() Thanks

5th January 2007, 19:59	#6
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,579 Thanked: 4 Times	With input cost's rising so much if tata's are able to stick to the one lakh tag[Even if it is an introductory offer] and produce a decent vehicle then it would be one hell of an achievement.
	() Thanks

6th January 2007, 14:49	#7
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapu Posts: 9,687 Thanked: 1,492 Times View My Garage	another link Car prices to be up by Rs 15000
	() Thanks

29th January 2007, 15:15	#8
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	Maruti Udyog will hike prices of products by up to Rs 12,000 next month ( 1 feb 2007). Source : http://business-standard.com/common/...N&autono=20098
	() Thanks

29th January 2007, 15:21	#9
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	not sure if they are going to increase Swift Xi/Di prices too.
	() Thanks

30th January 2007, 17:34	#10
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	its hyundai turn now. Price hike from 1 - 1.5% on various models. Hyundai to hike prices by 1.5%
	() Thanks

28th February 2007, 19:15	#11
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,579 Thanked: 4 Times	After effects of budget 2007, Maruti Udyog Ltd, India's largest car maker, said it will hike car prices from March 15.I feel the government is trying to suppress the demand of auto sector as already the interest rates are rising," Jagdish Khattar, managing director, Maruti Udyog Limited, Ford and Hyundai likely to follow suit source: Maruti to hike car prices
	() Thanks

28th February 2007, 20:05	#12
extreme_torque Senior - BHPian Join Date: Feb 2005 Location: Melbourne Posts: 4,377 Thanked: 5,105 Times	@ALL... Why do cars that are made almost completely in india with localization levels close to 80-90% cost comparatively more? What are all the taxes on cars that are made in india?
	() Thanks

28th February 2007, 20:49	#13
navdeep BHPian Join Date: Sep 2006 Location: Pune Posts: 892 Thanked: 4 Times	I am not sure if they are going to raise prices for all models by various companies..
	() Thanks

28th February 2007, 21:04	#14
Ram_NP BHPian Join Date: Feb 2007 Location: Kolkata Posts: 354 Thanked: 23 Times	As the budget has not given any major concession to the auto industry, the cost of cars going to be increased to cover the additional educational cess proposed in the budget. In fact the shares of Auto companies fell around 5 to 6% after the budget annoucement. Already Maruti has announced the price hike form 15th March and I am sure others will follow to increase the price.
	() Thanks

28th February 2007, 21:45	#15
amu1983 BHPian Join Date: Feb 2007 Location: Pune Posts: 144 Thanked: 0 Times	>> What are all the taxes on cars that are made in india? The sales tax. Excise duty is another. And, of course, there's registration over and above the ex-showroom price. Am not sure of the exact numbers, but it's said that when you buy a brand new car, over 30% of what you pay, goes to the government. Now, coming to budget 2007, car makers should have announced price cuts today. Mainly because of duty cut on crude oil, which means lower petrol/diesel costs, which means lower transport (freight) cost for the car makers. Also... tax breaks on R&D will mean that we should see more and more new/better models by the car makers. And... higher farm credit outlay means more demand for tractors and two wheelers, which should cheer the auto companies like M&M, Bajaj and Hero. The reaction on stock market can be party due to global factors. Almost all world markets have fallen considerably over past 3-4 days. Last edited by amu1983 : 28th February 2007 at 21:48.
	() Thanks