4 % reduction in car prices

VooDoo · 10th December 2008, 13:54

Spoke to a person from Ganges Ford (Kolkata) today and asked about the CENVAT reduction. He started with "You see all these major corporates anticipates these early and due to this Ford has already reduced the price". I had to be really rude to stop him and ask him to cut the crap. The bottomline is, Ford in NOT lowering price.

srh · 10th December 2008, 14:14

Quote:

Originally Posted by Path_Finder

You are right. These duties are paid at time the vehicle leaves factory – so in effect the dealer inventories will not get this benefit. Normally the manufacturers will absorb this incase of small inventories – but bigger inventories may have to be dealt on case basis. I also do not think they wil get refund on duties paid in earlier regime.

Not sure when VAT/CenVAT is paid, but I think that it is at the time of final sale. What gets paid at factory gate is the excise

downsouth · 10th December 2008, 15:48

Quote:

Originally Posted by VooDoo

Spoke to a person from Ganges Ford (Kolkata) today and asked about the CENVAT reduction. He started with "You see all these major corporates anticipates these early and due to this Ford has already reduced the price". I had to be really rude to stop him and ask him to cut the crap. The bottomline is, Ford in NOT lowering price.

IMHO its too much to ask for after the 1lakh reduction on the Fiesta offer price. Anyways most of the cars would be in transit or at the dealer so the CENVAT would not apply to those.

But the slaes man was completey bonkers there.

Ford thought they will do the trick of under cutting the cost so as to clear their inventory.

nanopano · 10th December 2008, 15:57

Yes, I heard the news. But no information of reduction in car prices from Skoda. Is Skoda not passing the benefits to the car consumers?

VooDoo · 10th December 2008, 16:14

Just saw this press release in ET Ford cuts prices up to Rs 54,000- Automobiles-Auto-News By Industry-News-The Economic Times
Not sure if it is on top of the current one, but from the mentioned figures it looks like. If it is on top of the current one, then it is very close to 1 lakh

Carmaker Ford India today said it has slashed the prices of its models by up to Rs 54,000, in response to the government's move to reduce excise duty.

The price of the company's premium hatchback 'Fusion' has been reduced by Rs 18,500, Ford India said in a statement. Likewise the mid-sized Fiesta's price was cut between Rs 21,000 and Rs 25,000, while that of sports-utility vehicle 'Endeavour' has been reduced by Rs 47,000-Rs 54,000. "We are supportive of the government's action on reduction of CENVAT and see this as a welcome move. This will bring some relief to the Indian automotive industry in general. With that in mind we will be passing on the benefit of the duty cut to our customers," Ford India President Michael Boneham said.

Mr M R K · 10th December 2008, 16:16

It's ford's turn now..
The Hindu News Update Service

isldhn · 10th December 2008, 16:24

Just called Bhagat ford(Dealer for ford in Ludhiana). There is no change in ford ikon's pricing as the lady says that we had to increase the prices in the new year by around 15-20K, and now the prices will remain the same. So that is the benefit (4% cut in cenvat) being passed on to the consumer. I really am confused which smiley to add

romeomidhun · 10th December 2008, 16:35

New prices for Maruti models: All Prices are in Rs.(Metallic colours) & for ex-Showroom Delhi.

rockyb · 10th December 2008, 17:19

Any news from Mahindra - on reduce in Bolero n Scorpio price in citied otehr then bangalore? I am following up here in Bangalore - they say - no instructions yet from Mumbai office

deven_x · 10th December 2008, 19:47

Quote:

Originally Posted by nanopano

Yes, I heard the news. But no information of reduction in car prices from Skoda. Is Skoda not passing the benefits to the car consumers?

hey iwas watching the new sometime back in which they were like skoda has also offcially dropped their prices by upto 50k max . But din specify how much individually on each model

pshyamsundar · 10th December 2008, 20:10

This is really confusing in the from ford. One link in ford website shows ford fiesta zxi prices as 7.49 lakhs.

If you click on hot deals and see the price of fiesta zxi diesel it shows as 6.89 lakhs.

That is a straight 60K less.

What is the actual price?

downsouth · 10th December 2008, 20:24

Quote:

Originally Posted by pshyamsundar

This is really confusing in the from ford. One link in ford website shows ford fiesta zxi prices as 7.49 lakhs.

If you click on hot deals and see the price of fiesta zxi diesel it shows as 6.89 lakhs.

That is a straight 60K less.

What is the actual price?

The lower prices are for an offer going on upto December 12th. The actual prices still stay on the website. But I do not know if the 4% price reduction due to Cenvat cuts are reflecting online.

sudipt123 · 10th December 2008, 21:48

Has anyone enquired about GM cars prices? are they passing the cenvat reduction benefit?

Vid6639 · 10th December 2008, 21:50

How about BMW, Mercedes and Audi? Have they reduced as well?

shatrughna · 11th December 2008, 09:48

Quote:

Originally Posted by nanopano

Yes, I heard the news. But no information of reduction in car prices from Skoda. Is Skoda not passing the benefits to the car consumers?

Read it in HT Business today- Skoda has also reduced prices by 12000- 51500/- depending on models. However, no confirmation received from dealers yet.

10th December 2008, 13:54	#76
VooDoo BHPian Join Date: Sep 2005 Location: CA, US Posts: 59 Thanked: 0 Times	Spoke to a person from Ganges Ford (Kolkata) today and asked about the CENVAT reduction. He started with "You see all these major corporates anticipates these early and due to this Ford has already reduced the price". I had to be really rude to stop him and ask him to cut the crap. The bottomline is, Ford in NOT lowering price.
	() Thanks

10th December 2008, 15:57	#79
nanopano BHPian Join Date: Nov 2008 Location: Bangalore Posts: 110 Thanked: 0 Times	Yes, I heard the news. But no information of reduction in car prices from Skoda. Is Skoda not passing the benefits to the car consumers?
	() Thanks

10th December 2008, 16:14	#80
VooDoo BHPian Join Date: Sep 2005 Location: CA, US Posts: 59 Thanked: 0 Times	Just saw this press release in ET Ford cuts prices up to Rs 54,000- Automobiles-Auto-News By Industry-News-The Economic Times Not sure if it is on top of the current one, but from the mentioned figures it looks like. If it is on top of the current one, then it is very close to 1 lakh Carmaker Ford India today said it has slashed the prices of its models by up to Rs 54,000, in response to the government's move to reduce excise duty. The price of the company's premium hatchback 'Fusion' has been reduced by Rs 18,500, Ford India said in a statement. Likewise the mid-sized Fiesta's price was cut between Rs 21,000 and Rs 25,000, while that of sports-utility vehicle 'Endeavour' has been reduced by Rs 47,000-Rs 54,000. "We are supportive of the government's action on reduction of CENVAT and see this as a welcome move. This will bring some relief to the Indian automotive industry in general. With that in mind we will be passing on the benefit of the duty cut to our customers," Ford India President Michael Boneham said.
	() Thanks

10th December 2008, 16:16	#81
Mr M R K BHPian Join Date: Jun 2008 Location: Del / Ldn Posts: 51 Thanked: 9 Times	It's ford's turn now.. The Hindu News Update Service
	() Thanks

10th December 2008, 16:24	#82
isldhn BHPian Join Date: Nov 2008 Location: Ludhiana Posts: 285 Thanked: 147 Times	Just called Bhagat ford(Dealer for ford in Ludhiana). There is no change in ford ikon's pricing as the lady says that we had to increase the prices in the new year by around 15-20K, and now the prices will remain the same. So that is the benefit (4% cut in cenvat) being passed on to the consumer. I really am confused which smiley to add
	() Thanks

10th December 2008, 16:35	#83
romeomidhun BANNED Join Date: Nov 2007 Location: Chennai Posts: 3,282 Thanked: 4,876 Times	New prices for Maruti models: All Prices are in Rs.(Metallic colours) & for ex-Showroom Delhi. Attached Images Last edited by romeomidhun : 10th December 2008 at 16:47.
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10th December 2008, 17:19	#84
rockyb BHPian Join Date: Aug 2005 Location: Bangalore Posts: 255 Thanked: 13 Times	Any news from Mahindra - on reduce in Bolero n Scorpio price in citied otehr then bangalore? I am following up here in Bangalore - they say - no instructions yet from Mumbai office
	() Thanks

10th December 2008, 20:10	#86
pshyamsundar BHPian Join Date: Apr 2006 Location: Bangalore Posts: 130 Thanked: 0 Times	This is really confusing in the from ford. One link in ford website shows ford fiesta zxi prices as 7.49 lakhs. If you click on hot deals and see the price of fiesta zxi diesel it shows as 6.89 lakhs. That is a straight 60K less. What is the actual price?
	() Thanks

10th December 2008, 21:48	#88
sudipt123 BHPian Join Date: Feb 2008 Location: Mumbai Posts: 194 Thanked: 67 Times	Has anyone enquired about GM cars prices? are they passing the cenvat reduction benefit?
	() Thanks

10th December 2008, 21:50	#89
Vid6639 Team-BHP Support Join Date: Jul 2006 Location: Bangalore Posts: 17,729 Thanked: 43,464 Times View My Garage	How about BMW, Mercedes and Audi? Have they reduced as well?
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