Car prices may go up from 1/April/2010

hpzone · 20th February 2010, 19:13

Quote:

Originally Posted by rjalihal

Even Hyundai is going to increase their prices. I heard it will come in effect next week itself. That is what the Marketing person (who lives in my apartment) of a dealer told me. Next i will ask her the % increase and post it here.

Hyundai is increasing prices on i20 by 5-7000 from next week. is there more prices incrasing coming in April? its already high prices for i20

vaas2000 · 24th February 2010, 05:09

I have booked Ritz VDI-ABS with Bimal Auto (Know a contact there, hence the choice of dealer) on February 9th by paying minimal booking amount. I've been told repeatedly that ABS version of Ritz VDI comes in limited numbers and hence i can't be assured of current price post march. Am ready to pay the on road price as of today, but the dealer isn't ready to raise the invoice as he doesn't have stock of this variant. They can give me approximate date of delivery only after march first week, when they expect new stocks of ABS variant. Same case with most of the prominent dealers here (RNS/Pratham etc)

This variant is costing around 6.15 Lakhs on road here and currently maruti is giving 20 thousand cash discount till this month end, they aren't sure if it will extend in march.
Now i have already resigned to the fact that i will have to shell out extra. My question is by how much?

WindRide · 26th February 2010, 12:47

Latest Budget update:

1. Excise duty hiked from 8% to 10%.
2. Excise duty on large cars, SUVs, multi utility vehicles hiked
3. Full excise cut on electric cars

We will pay more for cars from now on?
Will this affect 1.2 cc petrol & 1.5 cc diesel cars as well?

fusion123 · 26th February 2010, 13:03

We will have to wait for the exact notification to come to see the meaning of 'Large Cars'. But we can be assured that hatchbacks would not come in this category (atleast of 1.2 L category & hope diesel 1.5 as well). Excise difference of 2% will be added to large cars, SUV's and MUV's as mentioned above, so they will be more expensive now.

Sahil · 26th February 2010, 13:03

Any idea how much the Fortuner ex-showroom (octroi less) price will be now?

neoonwheels · 26th February 2010, 13:29

Quote:

Originally Posted by WindRide

Latest Budget update:

1. Excise duty hiked from 8% to 10%.
2. Excise duty on large cars, SUVs, multi utility vehicles hiked
3. Full excise cut on electric cars

We will pay more for cars from now on?
Will this affect 1.2 cc petrol & 1.5 cc diesel cars as well?

No concrete information on which segments to take impact. I guess large cars mean: > 4000mm and >1.2 for petrol and >1.5 for diesel.
Guys any idea about impact on small cars (<4000mm and all)?

SkyWalker · 26th February 2010, 13:34

@neo: i think the hatches (<1.2 petrol & <1.5 diesel) prices dont change and stay as it is.

manishkapadia · 26th February 2010, 17:02

Excise duty on small cars ( including 1200 cc for petrol and 1500 cc for diesel ) will also increase from 8 to 10 %. Suvs increase from 20 % to 22 %

So i think cars of size of Honda city / fiesta / logan where 16 % excise applies remains same.

shishir_bn · 26th February 2010, 17:04

Maruti-Hyundai-to-hike-car-prices by 6000/- to 25000/- and Toyota by 15000/-

Source :: Maruti, Hyundai to hike car prices- Automobiles-Auto-News By Industry-News-The Economic Times

nairrk · 26th February 2010, 17:13

Prices to go upto Rs.25000/- as per the newspaper headings. Details will be known later. And now oil prices also going up from today midnight!
So, not a pleasant budgest for car buyers/users?

bnzjon · 27th February 2010, 14:27

FIAT India Press Release

Mumbai, 26 February 2009: With the increase in excise duty as passed in the Union Budget 2010 – 11, Fiat India today announced a revised pricing for its product line. With this announcement, Fiat products, namely, the Palio, the Grande Punto and the Linea will witness an increase in price ranging between Rs. 7000 – 15500. The change in pricing will be applicable with immediate effect.

Speaking on the increase, a company spokesperson said,” The decision to revise the prices of the Fiat Palio, Grande Punto and Linea is a direct result of the excise duty increase as announced in the Union budget today. Owing to this increase, Fiat’s products will now be available at an increased price of 2% with immediate effect.”

Fiat currently offers the Fiat Linea, Fiat Grande Punto, Fiat Palio and Fiat 500 in the Indian market.

Source :
Fiat India To Increase Car Prices By 2% After Budget 2010 | Indian Cars & Motorcycles Blog

SchumiFan · 28th February 2010, 15:31

A quick question: Isn't the budget for the next financial year (Apr-10 to Mar-11)?

If so then the price should be increased only from the month of April right? Why does it take place with immediate effect? Have the same question for rise price of Petro Products?

Sorry for being stupid but just wanted to know these. Anybody please clarify.

quadmaniac · 28th February 2010, 17:51

@SchumiFan - As far as I know, there are 2 classes of price hikes - one that get hiked from 1st April, as you've rightly mentioned. And the other are "with immediate effect". Petro and some other stuff fall into this category. Not sure about car prices though...

Laxminarayan · 28th February 2010, 19:27

Toyota already have increased their prices. It's atleast available on their websites. Innova costs 15-18K more on different variants

punitkakri · 28th February 2010, 19:40

Well i`ve been in talks with Volkswagen and Hyundai dealers...Hyundai says car prices to go up immediately.. The VW dealer says that if the car is delivered by 31st March then no hike else a price hike.

24th February 2010, 05:09	#17
vaas2000 BHPian Join Date: Feb 2010 Location: Bangalore Posts: 50 Thanked: 17 Times	I have booked Ritz VDI-ABS with Bimal Auto (Know a contact there, hence the choice of dealer) on February 9th by paying minimal booking amount. I've been told repeatedly that ABS version of Ritz VDI comes in limited numbers and hence i can't be assured of current price post march. Am ready to pay the on road price as of today, but the dealer isn't ready to raise the invoice as he doesn't have stock of this variant. They can give me approximate date of delivery only after march first week, when they expect new stocks of ABS variant. Same case with most of the prominent dealers here (RNS/Pratham etc) This variant is costing around 6.15 Lakhs on road here and currently maruti is giving 20 thousand cash discount till this month end, they aren't sure if it will extend in march. Now i have already resigned to the fact that i will have to shell out extra. My question is by how much?
	() Thanks

26th February 2010, 12:47	#18
WindRide BHPian Join Date: Nov 2009 Location: Bangalore Posts: 682 Thanked: 479 Times	Latest Budget update: 1. Excise duty hiked from 8% to 10%. 2. Excise duty on large cars, SUVs, multi utility vehicles hiked 3. Full excise cut on electric cars We will pay more for cars from now on? Will this affect 1.2 cc petrol & 1.5 cc diesel cars as well? Last edited by WindRide : 26th February 2010 at 12:51.
	() Thanks

26th February 2010, 13:03	#19
fusion123 Newbie Join Date: Feb 2006 Location: New Delhi Posts: 15 Thanked: 2 Times	We will have to wait for the exact notification to come to see the meaning of 'Large Cars'. But we can be assured that hatchbacks would not come in this category (atleast of 1.2 L category & hope diesel 1.5 as well). Excise difference of 2% will be added to large cars, SUV's and MUV's as mentioned above, so they will be more expensive now.
	() Thanks

26th February 2010, 13:03	#20
Sahil Distinguished - BHPian Join Date: May 2004 Location: Bombay Posts: 6,292 Thanked: 7,607 Times	Any idea how much the Fortuner ex-showroom (octroi less) price will be now?
	() Thanks

26th February 2010, 13:34	#22
SkyWalker Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 1,531 Thanked: 136 Times	@neo: i think the hatches (<1.2 petrol & <1.5 diesel) prices dont change and stay as it is.
	() Thanks

26th February 2010, 17:02	#23
manishkapadia BHPian Join Date: Nov 2009 Location: JVPD , Mumbai Posts: 305 Thanked: 409 Times	Excise duty on small cars ( including 1200 cc for petrol and 1500 cc for diesel ) will also increase from 8 to 10 %. Suvs increase from 20 % to 22 % So i think cars of size of Honda city / fiesta / logan where 16 % excise applies remains same.
	() Thanks

26th February 2010, 17:04	#24
shishir_bn Senior - BHPian Join Date: Nov 2009 Location: Bangalore Posts: 1,195 Thanked: 120 Times	Maruti-Hyundai-to-hike-car-prices by 6000/- to 25000/- and Toyota by 15000/- Source :: Maruti, Hyundai to hike car prices- Automobiles-Auto-News By Industry-News-The Economic Times
	() Thanks

26th February 2010, 17:13	#25
nairrk Senior - BHPian Join Date: Sep 2009 Location: Kannur Posts: 2,441 Thanked: 674 Times View My Garage	Prices to go upto Rs.25000/- as per the newspaper headings. Details will be known later. And now oil prices also going up from today midnight! So, not a pleasant budgest for car buyers/users?
	() Thanks

27th February 2010, 14:27	#26
bnzjon BHPian Join Date: Jul 2009 Location: Dubai Posts: 836 Thanked: 127 Times View My Garage	Punto and Linea Price increased FIAT India Press Release Mumbai, 26 February 2009: With the increase in excise duty as passed in the Union Budget 2010 – 11, Fiat India today announced a revised pricing for its product line. With this announcement, Fiat products, namely, the Palio, the Grande Punto and the Linea will witness an increase in price ranging between Rs. 7000 – 15500. The change in pricing will be applicable with immediate effect. Speaking on the increase, a company spokesperson said,” The decision to revise the prices of the Fiat Palio, Grande Punto and Linea is a direct result of the excise duty increase as announced in the Union budget today. Owing to this increase, Fiat’s products will now be available at an increased price of 2% with immediate effect.” Fiat currently offers the Fiat Linea, Fiat Grande Punto, Fiat Palio and Fiat 500 in the Indian market. Source : Fiat India To Increase Car Prices By 2% After Budget 2010 \| Indian Cars & Motorcycles Blog
	() Thanks

28th February 2010, 15:31	#27
SchumiFan Senior - BHPian Join Date: Jan 2010 Location: Bangalore Posts: 1,041 Thanked: 1,161 Times	A quick question: Isn't the budget for the next financial year (Apr-10 to Mar-11)? If so then the price should be increased only from the month of April right? Why does it take place with immediate effect? Have the same question for rise price of Petro Products? Sorry for being stupid but just wanted to know these. Anybody please clarify.
	() Thanks

28th February 2010, 17:51	#28
quadmaniac BHPian Join Date: Dec 2007 Location: Hyderabad Posts: 430 Thanked: 119 Times	@SchumiFan - As far as I know, there are 2 classes of price hikes - one that get hiked from 1st April, as you've rightly mentioned. And the other are "with immediate effect". Petro and some other stuff fall into this category. Not sure about car prices though...
	() Thanks

28th February 2010, 19:27	#29
Laxminarayan BHPian Join Date: Apr 2006 Location: Bangalore Posts: 170 Thanked: 0 Times	Toyota already have increased their prices. It's atleast available on their websites. Innova costs 15-18K more on different variants
	() Thanks

28th February 2010, 19:40	#30
punitkakri BHPian Join Date: Feb 2010 Location: Mumbai Posts: 138 Thanked: 27 Times	Well i`ve been in talks with Volkswagen and Hyundai dealers...Hyundai says car prices to go up immediately.. The VW dealer says that if the car is delivered by 31st March then no hike else a price hike.
	() Thanks