Budget 2006-2007: Outcome and Comments

Joz · 28th February 2006, 12:48

Quote:

Originally Posted by tifosikrishna

dont have any more info on that....

Hey, I just posted this on the India Car Scene thread. Sorry tifosi. Didn't see you post this here.

Small cars is less than 1200 cc (petrol) and less than 1500 cc (diesel).

Do check out the other thread too.

himanshugoswami · 28th February 2006, 12:52

Small cars have become cheaper

petrol cars upto 1200 cc and diesel cars upto 1500 cc- excise has gone down from 24 to 16 %. Plus the length of the car should be less than 4000mm.

Great news for new car buyers.

Sahil · 28th February 2006, 12:52

Doesnt really make much difference to me as I dont see myself buying a car within those CC limits in the near future.I dont pay excise anyways since Thane registeration doesnt levy excise duty.
Whats i am most eager to hear is an import duty cut!! Any news?

Joz · 28th February 2006, 12:53

Quote:

Originally Posted by tifosikrishna

are you sure, its 1800cc for diesel, i read its 1500cc for diesels.

OMG. Sorry about that. Its 1500 cc. Thanks tifosi. Shall edit my previous post. Indica still scrapes thru!!

hrag · 28th February 2006, 13:20

The Indica is 1405 cc in both petrol and diesel.
The Indica benefits in diesel form but not in petrol form. The Indica Turbo will look very tempting now, I think.

Steeroid · 28th February 2006, 13:24

Quote:

Originally Posted by Sahil

I dont pay excise anyways since Thane registeration doesnt levy excise duty.

I thought Thane was exempt from Octroi...excise is a central subject - how can Thane have exemption?

sandeepmdas · 28th February 2006, 13:48

Indian car market leader Maruti Udyog on Tuesday announced a price cut ranging between Rs 13,000-22,000 across five models, including M800 and Alto, following the cut in excise duty on small cars....

"The Santro will cost Rs 23,000 less from tomorrow," Hyundai India President B V R Subbu said....

http://in.rediff.com/money/2006/feb/28bud13.htm

Steeroid · 28th February 2006, 13:50

Quote:

Originally Posted by sandeepmdas

Indian car market leader Maruti Udyog on Tuesday announced a price cut ranging between Rs 13,000-22,000 across five models, including M800 and Alto, following the cut in excise duty on small cars....

"The Santro will cost Rs 23,000 less from tomorrow," Hyundai India President B V R Subbu said....

Thats the end of the Indica's Xeta run, then. Tata, Xeta!

tsk1979 · 28th February 2006, 14:23

Petrol Xeta is 1396cc. Reason, Europe, below 1400cc pay lower taxes.
As for diesel it will benefit from the excise duty cut, but not the petrol. And yet The turbo will be 25000-30000 cheaper now!
If getz gets the 1.5 litre engine, It will surely benefit from the cut. Now it can be competition to the indigo!

Sahil · 28th February 2006, 14:24

Quote:

Originally Posted by Steeroid

I thought Thane was exempt from Octroi...excise is a central subject - how can Thane have exemption?

Sorry about that

You right I dunno why i thought Octroi instead of excise.

himanshugoswami · 28th February 2006, 14:35

interesting times ahead for the new car market scene

This will screw up the resale of small cars though!!

hrag · 28th February 2006, 14:44

Quote:

Originally Posted by hrag

The Indica is 1405 cc in both petrol and diesel.
The Indica benefits in diesel form but not in petrol form. The Indica Turbo will look very tempting now, I think.

I stand corrected by tsk1979 regarding the Xeta. The pre Xeta Indica petrols were 1405 cc.

sandeepmdas · 28th February 2006, 14:47

Which cars qualify for price cuts?

Finance Minister P Chidambaram has reduced the excise duty on small cars to 16%. So, which cars qualify?

1. Cars not over 4,000 mm in length - Maruti 800, Omni, Alto, Zen, Wagon R, Tata Indica, Hyndai Santro all qualify for the reduction in excise duty to 16% from 24%.

2. Diesel engines not over 1500 CC - Tata Indica, Suzuki Swift Diesel with the upcoming 1.3 Ddi engine from the new engine plant, Hyundai Getz if it gets the 1.5 litre CRDi engine will qualify.

3. Petrol engines not over 1200 CC - Hyundai Getz Petrol, Suzuki Swift Petrol, Indica Petrol, Palio Petrol, though they meet the 4000 mm restriction, has petrol engines bigger than 1200 CC displacement and will not qualify.

http://in.rediff.com/money/2006/feb/28bud13.htm

>> Then what about our Bangalore-based electric car? What would be the result if someone comes up with a hybrid car...?

paharino1 · 28th February 2006, 14:49

This is awesome news for the Small Car Buyers...

this would also fundamentally change the future Investment decisions by all major Manufacturers in India....

We can see a slow down in the 3 box , + 1200cc petrol & 1500cc diesel cars..

I guess this should even have a impact on the 2 wheeler sales....

All in all..this will shake up the Indian automobile market...

Zappo · 28th February 2006, 17:23

Quote:

Originally Posted by Joz

Just realised Palio is 1242 cc. Damn!!! This means all the petrol small cars which are remotely related to Tata are gonna have it rough.

for that matter what about the WagonR? Is it below 1200cc? I thought it was 1200+odd change kinds...

28th February 2006, 12:52	#32
himanshugoswami Senior - BHPian Join Date: Oct 2004 Location: !!!! Posts: 2,303 Thanked: 2,619 Times	Small cars have become cheaper petrol cars upto 1200 cc and diesel cars upto 1500 cc- excise has gone down from 24 to 16 %. Plus the length of the car should be less than 4000mm. Great news for new car buyers.
	() Thanks

28th February 2006, 12:52	#33
Sahil Distinguished - BHPian Join Date: May 2004 Location: Bombay Posts: 6,292 Thanked: 7,607 Times	Doesnt really make much difference to me as I dont see myself buying a car within those CC limits in the near future.I dont pay excise anyways since Thane registeration doesnt levy excise duty. Whats i am most eager to hear is an import duty cut!! Any news? Last edited by Sahil : 28th February 2006 at 12:54.
	() Thanks

28th February 2006, 13:20	#35
hrag BANNED Join Date: Nov 2004 Location: Bangalore / Madras Posts: 1,982 Thanked: 31 Times	The Indica is 1405 cc in both petrol and diesel. The Indica benefits in diesel form but not in petrol form. The Indica Turbo will look very tempting now, I think.
	() Thanks

28th February 2006, 13:48	#37
sandeepmdas Senior - BHPian Join Date: Feb 2005 Location: Varkala Posts: 1,539 Thanked: 2,492 Times	Indian car market leader Maruti Udyog on Tuesday announced a price cut ranging between Rs 13,000-22,000 across five models, including M800 and Alto, following the cut in excise duty on small cars.... "The Santro will cost Rs 23,000 less from tomorrow," Hyundai India President B V R Subbu said.... http://in.rediff.com/money/2006/feb/28bud13.htm
	() Thanks

28th February 2006, 14:23	#39
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	Petrol Xeta is 1396cc. Reason, Europe, below 1400cc pay lower taxes. As for diesel it will benefit from the excise duty cut, but not the petrol. And yet The turbo will be 25000-30000 cheaper now! If getz gets the 1.5 litre engine, It will surely benefit from the cut. Now it can be competition to the indigo! Last edited by tsk1979 : 28th February 2006 at 14:24.
	() Thanks

28th February 2006, 14:35	#41
himanshugoswami Senior - BHPian Join Date: Oct 2004 Location: !!!! Posts: 2,303 Thanked: 2,619 Times	interesting times ahead for the new car market scene This will screw up the resale of small cars though!!
	() Thanks

28th February 2006, 14:47	#43
sandeepmdas Senior - BHPian Join Date: Feb 2005 Location: Varkala Posts: 1,539 Thanked: 2,492 Times	Which cars qualify for price cuts? Finance Minister P Chidambaram has reduced the excise duty on small cars to 16%. So, which cars qualify? 1. Cars not over 4,000 mm in length - Maruti 800, Omni, Alto, Zen, Wagon R, Tata Indica, Hyndai Santro all qualify for the reduction in excise duty to 16% from 24%. 2. Diesel engines not over 1500 CC - Tata Indica, Suzuki Swift Diesel with the upcoming 1.3 Ddi engine from the new engine plant, Hyundai Getz if it gets the 1.5 litre CRDi engine will qualify. 3. Petrol engines not over 1200 CC - Hyundai Getz Petrol, Suzuki Swift Petrol, Indica Petrol, Palio Petrol, though they meet the 4000 mm restriction, has petrol engines bigger than 1200 CC displacement and will not qualify. http://in.rediff.com/money/2006/feb/28bud13.htm >> Then what about our Bangalore-based electric car? What would be the result if someone comes up with a hybrid car...? Last edited by sandeepmdas : 28th February 2006 at 14:58.
	() Thanks

28th February 2006, 14:49	#44
paharino1 BHPian Join Date: Nov 2004 Location: Hyderabad, India Posts: 299 Thanked: 29 Times	This is awesome news for the Small Car Buyers... this would also fundamentally change the future Investment decisions by all major Manufacturers in India.... We can see a slow down in the 3 box , + 1200cc petrol & 1500cc diesel cars.. I guess this should even have a impact on the 2 wheeler sales.... All in all..this will shake up the Indian automobile market...
	() Thanks