Premium priced SUVs to become cheaper (below 30 lakhs)

sarmarishi · 12th July 2010, 16:54

Read in the Economic Times today that most premium SUV makers such as BMW, Auti, JLR and VW are plannin on manufacturing/ assembling there SUV's in India to price it below 30 lakhs. If true, a welcome move indeed!

Quote from ET:
"High-end imported SUV makers will soon assemble/ manufacture their cars in India to cut costs and high duties. Prices of the new fleet are likely to drop to sub-30 lakh levels"

High-end SUVs likely to turn cheaper-Automobiles-Auto-News By Industry-News-The Economic Times

vahss_11 · 12th July 2010, 21:34

Would love to buy x1/q3 at 23-25 lacs.

It would be killer segment.

joshguy · 12th July 2010, 21:42

Wow i would definitely want LR to be manufactured here in india.It would be cheaper to buy and maintain too,and over the years it would be freely available in 2nd hand market

Axe77 · 12th July 2010, 22:44

If only honda could up its commitment to our market and ensure cheaper pricing for the CRV. Its not like they lacked a customer base so long as prices were sensible.

I can't imagine anyone buying a CRV if the germans are made available at a comparable price point.

Fornax · 13th July 2010, 09:14

Out of the manufacturers listed in the above article, I'd bet on VW Tiguan hitting the roads earlier given the VW investment in India.

GTO · 13th July 2010, 18:44

This is quite simply the Fortuner effect. The success of Toyota's SUV (700 - 1000 units per month) has left the industry stunned. Never before has a 20 lakh vehicle sold so successfully in the market. BMW, Audi, JLR and VW know there is a dearth of good diesel SUVs in the 20 - 30 lakh segment, and will now line up for their own share of the pudding. After all, atleast 40% of those who spend 20 lakhs can easily shell out another 5 - 7 for a better brand / SUV.

Don't forget : SUVs are way more profitable than cars. Link to related thread.

12th July 2010, 16:54	#1
sarmarishi BHPian Join Date: Oct 2009 Location: Bangalore Posts: 429 Thanked: 89 Times View My Garage	Premium priced SUVs to become cheaper (below 30 lakhs) Read in the Economic Times today that most premium SUV makers such as BMW, Auti, JLR and VW are plannin on manufacturing/ assembling there SUV's in India to price it below 30 lakhs. If true, a welcome move indeed! Quote from ET: "High-end imported SUV makers will soon assemble/ manufacture their cars in India to cut costs and high duties. Prices of the new fleet are likely to drop to sub-30 lakh levels" High-end SUVs likely to turn cheaper-Automobiles-Auto-News By Industry-News-The Economic Times
	() Thanks

12th July 2010, 21:34	#2
vahss_11 BHPian Join Date: Aug 2004 Location: Thane(Mumbai) Posts: 118 Thanked: 8 Times	Would love to buy x1/q3 at 23-25 lacs. It would be killer segment.
	() Thanks

12th July 2010, 21:42	#3
joshguy BANNED Join Date: Mar 2006 Location: Chennai Posts: 1,379 Thanked: 109 Times	Wow i would definitely want LR to be manufactured here in india.It would be cheaper to buy and maintain too,and over the years it would be freely available in 2nd hand market
	() Thanks

12th July 2010, 22:44	#4
Axe77 Team-BHP Support Join Date: Jun 2009 Location: Mumbai Posts: 6,918 Thanked: 20,652 Times	If only honda could up its commitment to our market and ensure cheaper pricing for the CRV. Its not like they lacked a customer base so long as prices were sensible. I can't imagine anyone buying a CRV if the germans are made available at a comparable price point.
	() Thanks

13th July 2010, 09:14	#5
Fornax BHPian Join Date: Dec 2009 Location: Bombay Posts: 293 Thanked: 91 Times View My Garage	Out of the manufacturers listed in the above article, I'd bet on VW Tiguan hitting the roads earlier given the VW investment in India.
	() Thanks

13th July 2010, 18:44	#6
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,508 Thanked: 300,646 Times View My Garage	This is quite simply the Fortuner effect. The success of Toyota's SUV (700 - 1000 units per month) has left the industry stunned. Never before has a 20 lakh vehicle sold so successfully in the market. BMW, Audi, JLR and VW know there is a dearth of good diesel SUVs in the 20 - 30 lakh segment, and will now line up for their own share of the pudding. After all, atleast 40% of those who spend 20 lakhs can easily shell out another 5 - 7 for a better brand / SUV. Don't forget : SUVs are way more profitable than cars. Link to related thread.
	() Thanks