Excise duty cut ???

katpasin · 6th February 2007, 23:12

Quote:

Originally Posted by risga

The goal is eventually to move to a single rate of excise for all categories. The suggested rate is 12% or 16%. Personally, I think 16% is more like it. That should be kind of a floor.

Small car definition may change. Some newsreport a few days back said that the engine cap. guideline may be scrapped. And the length restriction might change from 4.0 M to 3.8M. If this happens, Swift will qualify for small car, but Getz & Aveo will not make it.

BTW, car manufacturers never pass on the entire benefit to consumers.

Swift deisel version still qualifies for the excise cut... but the petrol variant will not be qualifying for the cut... as it qualifies length wise but has a 1.3 l engine.. whereas the engine restriction for small cars is 1.2 l

amandeepmonga · 7th February 2007, 12:33

Hey,

Got one old link of 2006 saying that the excise duty cut immediately effected after announcing the budget.

domain-B : Indian business : companies : Maruti announces price cuts; others follow suit

domain-B : Indian business : companies : Maruti passes execise reduction to customers

Would like to verify from BHPians. I am planning to buy Swift VDi in a couple of days. I can wait if it will take effect from 1st March or else want to buy it right away if it will be applicable in April. Anyone has an idea, please share.

cartech · 7th February 2007, 13:01

If I remeber correctly(I may be wrong), the price cut was from March but they withdrew all the sales schemes. This may happen this year also.

Palio_2005 · 8th February 2007, 10:32

If there are excise cuts expect the dealer discounts to dry up again. This was exactly what was done last year.
Anyways the government is planning to change the small car defination by scrapping the engine capacity and reducing the overall length. This is clearly playing to Maruti/Tata's tunes whose cars are under 4m.

cartech · 8th February 2007, 11:54

If the def of small car is limited to 3800 mm irrespective of engine capacity, IMO not much change will occur in OTR prices of existing cars.

SWIFT(Petrol): As of today upto 56K discount(Insuranace+MGA+ex. bonus+free 3rd year warranty). Some of these discounts will be withdrawn and price will settle to near today's price.

SWIFT (Diesel): No change.

Palio 1.6: Today between 70-80 K discount is availbale. Discount will be reduced.

Palio 1.2 petrol & Diesel will benifit.

Poor Getz/UVA. Don't know how they will handle this

man23ish · 8th February 2007, 18:12

Me thinks its time for reverse colonisation..

After the acquisition of Corus by Tata, do expect a reduction in the excise duty on steel.. This steel would be supplied by TISCO to Tata Motors.. And Tata would export the finished product (cars/SUVs and Trucks) to the western market.. This also means that the cost of Tata vehicles would come down big-time.. (Afterall, when Ratan Tata talks about a Rs 1Lac car, its not a pipe-dream, he has a strategy to back it up.)

What this means to the competition is anybody's guess !!

Tech · 17th February 2007, 01:24

The Excise cuts should happen to make India a global hub for car manufacturing. This would bring in more foreign currency into India. At the same time, the cost of cars would become lower, though not as lower as they are around the world. In India cars are much much costlier except countries where policies are to discourage people from using cars and initiating them to use public metros etc.

CaliAtenza · 17th February 2007, 03:02

What would happen if say negotiation was introduced..like when you buy a car in the us or other countries..like you could make the ex showroom the msrp price and then consumers would be able to look up invoice prices.

laljidaniel · 20th March 2007, 15:16

Maruti hikes Swift Diesel prices

New Delhi: It's not even a week that the country's largest carmaker Maruti Udyog Ltd (MUL) announced the price hike on all its vehicles, it again revised the prices from Rs 4,000 - Rs 7,000, but this time only to one model -- Swift Diesel.

The prices of Swift Diesel cars (both variants) have been increased -- Swift Ldi from Rs 4,68,657 to 4,72,657 and Swift Vdi from Rs 4,97,207 to 5,04,207 (both ex-showroom-Delhi).

The revised prices effective from today are applicable across the country, the company said in a statement here on Monday.

The Swift Diesel was launched in January this year, with an introductory price of Rs 4.68 lakhs.

During the launch, the company had said the price was introductory and would be reviewed but the company had already hiked the prices between Rs 656 - Rs 818 on March 15.

7th February 2007, 12:33	#17
amandeepmonga Newbie Join Date: Jan 2007 Location: New Delhi Posts: 7 Thanked: 0 Times	Hey, Got one old link of 2006 saying that the excise duty cut immediately effected after announcing the budget. domain-B : Indian business : companies : Maruti announces price cuts; others follow suit domain-B : Indian business : companies : Maruti passes execise reduction to customers Would like to verify from BHPians. I am planning to buy Swift VDi in a couple of days. I can wait if it will take effect from 1st March or else want to buy it right away if it will be applicable in April. Anyone has an idea, please share.
	() Thanks

7th February 2007, 13:01	#18
cartech BHPian Join Date: Jan 2007 Location: Mumbai Posts: 198 Thanked: Once	If I remeber correctly(I may be wrong), the price cut was from March but they withdrew all the sales schemes. This may happen this year also.
	() Thanks

8th February 2007, 10:32	#19
Palio_2005 BHPian Join Date: May 2006 Location: Pune Posts: 991 Thanked: 878 Times	If there are excise cuts expect the dealer discounts to dry up again. This was exactly what was done last year. Anyways the government is planning to change the small car defination by scrapping the engine capacity and reducing the overall length. This is clearly playing to Maruti/Tata's tunes whose cars are under 4m.
	() Thanks

8th February 2007, 11:54	#20
cartech BHPian Join Date: Jan 2007 Location: Mumbai Posts: 198 Thanked: Once	If the def of small car is limited to 3800 mm irrespective of engine capacity, IMO not much change will occur in OTR prices of existing cars. SWIFT(Petrol): As of today upto 56K discount(Insuranace+MGA+ex. bonus+free 3rd year warranty). Some of these discounts will be withdrawn and price will settle to near today's price. SWIFT (Diesel): No change. Palio 1.6: Today between 70-80 K discount is availbale. Discount will be reduced. Palio 1.2 petrol & Diesel will benifit. Poor Getz/UVA. Don't know how they will handle this
	() Thanks

8th February 2007, 18:12	#21
man23ish BHPian Join Date: Jan 2005 Location: Bangalore Posts: 626 Thanked: 18 Times	Me thinks its time for reverse colonisation.. After the acquisition of Corus by Tata, do expect a reduction in the excise duty on steel.. This steel would be supplied by TISCO to Tata Motors.. And Tata would export the finished product (cars/SUVs and Trucks) to the western market.. This also means that the cost of Tata vehicles would come down big-time.. (Afterall, when Ratan Tata talks about a Rs 1Lac car, its not a pipe-dream, he has a strategy to back it up.) What this means to the competition is anybody's guess !!
	() Thanks

17th February 2007, 01:24	#22
Tech BHPian Join Date: Apr 2006 Location: India Posts: 216 Thanked: 20 Times	The Excise cuts should happen to make India a global hub for car manufacturing. This would bring in more foreign currency into India. At the same time, the cost of cars would become lower, though not as lower as they are around the world. In India cars are much much costlier except countries where policies are to discourage people from using cars and initiating them to use public metros etc.
	() Thanks

17th February 2007, 03:02	#23
CaliAtenza BHPian Join Date: Feb 2004 Location: LAX-SNA-BFL-BLR Posts: 321 Thanked: 18 Times	What would happen if say negotiation was introduced..like when you buy a car in the us or other countries..like you could make the ex showroom the msrp price and then consumers would be able to look up invoice prices.
	() Thanks

20th March 2007, 15:16	#24
laljidaniel Newbie Join Date: Feb 2007 Location: Trivandrum Posts: 1 Thanked: 0 Times	Maruti hikes Swift Diesel prices New Delhi: It's not even a week that the country's largest carmaker Maruti Udyog Ltd (MUL) announced the price hike on all its vehicles, it again revised the prices from Rs 4,000 - Rs 7,000, but this time only to one model -- Swift Diesel. The prices of Swift Diesel cars (both variants) have been increased -- Swift Ldi from Rs 4,68,657 to 4,72,657 and Swift Vdi from Rs 4,97,207 to 5,04,207 (both ex-showroom-Delhi). The revised prices effective from today are applicable across the country, the company said in a statement here on Monday. The Swift Diesel was launched in January this year, with an introductory price of Rs 4.68 lakhs. During the launch, the company had said the price was introductory and would be reviewed but the company had already hiked the prices between Rs 656 - Rs 818 on March 15.
	() Thanks