Budget'08 Impact for Auto Industry

keyank · 13th February 2008, 11:25

Folks

How do you all see the upcoming budget with respect to auto industry?
Does one hold back purchase decisions or take the plunge now?

Thanks in advance
keyan

ram_hyundai · 13th February 2008, 12:09

no much details as of now.plunge in now-cant say for sure.last budget dint have much.nothing special would be there for small cars ,but maybe for the sedans.
ram

MaserQ · 13th February 2008, 13:07

There was a report on CNN-IBN that SIAM has asked for a uniform excise duty of 16% for all passenger cars. As India's No.1 automotive board, I am of opinion that we too can contribute/pressurise (signed petition?) the finance ministry into making that decision.

It will be a 'feel-good' budget as polls are nearing. Wouldnt be a bad time to do this.

rubin2006 · 13th February 2008, 14:02

I dont think much will happen big cars less duties looks unlikely as this would be a election year budget a populist budget where buying a big car is a sin even though these politician and there kids own all of the Bentleys and the Lexus and s classes of the world they will not put taxes down so even after paying taxes we have to pay more taxes to buy a SX4 or a Honda city or civic

gendarmee · 13th February 2008, 14:42

Isnt there another thread with the same topic?
http://www.team-bhp.com/forum/motorbikes/35363-budget-implications.html

bond_bhai · 13th February 2008, 16:08

New Delhi, Feb. 12 Home loans and financing for consumer durables such as cars, televisions and refrigerators could come on easier terms. The Union Finance Minister, Mr P Chidambaram, on Tuesday advised the chief executives of public sector banks (PSBs) to focus attention on delivering adequate credit for home loans and consumer durable sectors, stating that these two sectors were drivers of economic growth.

This is from Today's Business line Newspaper under the heading "Chidambaram signals more credit for housing, consumer durables".

Source - The Hindu Business Line : Chidambaram signals more credit for housing, consumer durables

[SIZE=4][/SIZE]

StarScream · 13th February 2008, 16:32

There is talk of some sops for green cars. Let's hope that happens and makes imported hybrids more affordable.

13th February 2008, 11:25	#1
keyank BHPian Join Date: Jun 2007 Location: Bangalore Posts: 72 Thanked: 5 Times	Budget'08 Impact for Auto Industry Folks How do you all see the upcoming budget with respect to auto industry? Does one hold back purchase decisions or take the plunge now? Thanks in advance keyan
	() Thanks

13th February 2008, 12:09	#2
ram_hyundai Senior - BHPian Join Date: Jun 2006 Location: Calicut ,trisur Posts: 2,020 Thanked: 53 Times View My Garage	no much details as of now.plunge in now-cant say for sure.last budget dint have much.nothing special would be there for small cars ,but maybe for the sedans. ram
	() Thanks

13th February 2008, 13:07	#3
MaserQ Senior - BHPian Join Date: Oct 2006 Location: Bangalore Posts: 1,196 Thanked: 166 Times	There was a report on CNN-IBN that SIAM has asked for a uniform excise duty of 16% for all passenger cars. As India's No.1 automotive board, I am of opinion that we too can contribute/pressurise (signed petition?) the finance ministry into making that decision. It will be a 'feel-good' budget as polls are nearing. Wouldnt be a bad time to do this.
	() Thanks

13th February 2008, 14:02	#4
rubin2006 BHPian Join Date: Sep 2006 Location: delhi/calgary Posts: 286 Thanked: Once	I dont think much will happen big cars less duties looks unlikely as this would be a election year budget a populist budget where buying a big car is a sin even though these politician and there kids own all of the Bentleys and the Lexus and s classes of the world they will not put taxes down so even after paying taxes we have to pay more taxes to buy a SX4 or a Honda city or civic
	() Thanks

13th February 2008, 14:42	#5
gendarmee BHPian Join Date: Nov 2007 Location: India Posts: 741 Thanked: 28 Times	Isnt there another thread with the same topic? http://www.team-bhp.com/forum/motorbikes/35363-budget-implications.html
	() Thanks

13th February 2008, 16:08	#6
bond_bhai BHPian Join Date: Aug 2007 Location: Bangalore Posts: 83 Thanked: 10 Times	New Delhi, Feb. 12 Home loans and financing for consumer durables such as cars, televisions and refrigerators could come on easier terms. The Union Finance Minister, Mr P Chidambaram, on Tuesday advised the chief executives of public sector banks (PSBs) to focus attention on delivering adequate credit for home loans and consumer durable sectors, stating that these two sectors were drivers of economic growth. This is from Today's Business line Newspaper under the heading "Chidambaram signals more credit for housing, consumer durables". Source - The Hindu Business Line : Chidambaram signals more credit for housing, consumer durables [SIZE=4][/SIZE]
	() Thanks

13th February 2008, 16:32	#7
StarScream Senior - BHPian Join Date: Nov 2007 Location: Noida/Delhi Posts: 1,263 Thanked: 665 Times	There is talk of some sops for green cars. Let's hope that happens and makes imported hybrids more affordable.
	() Thanks