Do you think prices will reduce after budget?

pingme · 25th February 2005, 01:00

Hey,

just wondering if prices will drop after the budget...if yes by approximate how much? just give your guess

gamerno1 · 25th February 2005, 03:45

when is the budget?

atleast i hope the prices come down

vinsanity · 25th February 2005, 16:35

Quote:

Originally Posted by gamerno1

when is the budget?

Feb 28th..

Quote:

i hope the prices come down

Read that the car parts may get tax breaks..

Source:Rediff
Car parts may get tax breaks

_CheerS_

X-Machine · 26th February 2005, 01:28

Oil prices will be increased in this budget.So fuel will be more expensive.

X

bhp · 26th February 2005, 11:38

i think the prices are going to increase bcoz there is a hike in steel and other products and the fuel prices are also getting hiked

normally_crazy · 26th February 2005, 12:29

steel prices getting hiked? i thut duty was being reduced to 5 % instead of 15 % earlier !

anyways just a day more to go - we will come to know

jesal · 26th February 2005, 12:35

prices same or going up. i want import duty to come down dammit

Neo. · 26th February 2005, 12:40

The whole speculation of reduction in prices is because of a proposed reduction in additional excise duties on cars from 8% to 4%. The news is pretty much credible because it was the headlines in the economic times a few weeks back. In lay-man's terms a car costing about 6lacs will come down by around 20k.

The real question is how much of it will actually filter down to the customer. The auto companies may not reduce the price by much, inorder to absorb rising steel prices. They are already giving discounts on all cars, which will essentially be the regular price for the car.

bhp · 26th February 2005, 12:49

the excise duty and customs duty are sure to have a cut but i dont think so that the manufacturers will pass the benefit to the consumer bcoz of hike in certain raw materials .. but all we can do is wait and watch and hope for the best

GrimReaper · 26th February 2005, 15:51

To be honest, I don't really care that much for local car taxes, BUT I sre do hope that import duty on CBU's come down to atleast the below 75% margin.

gamerno1 · 27th February 2005, 05:37

awww no man. not another oil hike. for heaven's sake. GIVE US A BRAKE!!!!!!!!
(just to burn some hearts here : the petrol costs approx. Rs. 7/litre in Kuwait)

ajmat · 28th February 2005, 13:44

Well guys - looks like it is business as usual - no changes - makes sense - no point promoting ar ownership when the infrastrucutre is crumbling

vinsanity · 28th February 2005, 13:58

Quote:

Originally Posted by gamerno1

(just to burn some hearts here : the petrol costs approx. Rs. 7/litre in Kuwait)

Oh man, thats freakin crazy!!
And here we get a hole in our purses filling gas.....

Hope there is no rise in fuel prices.. won't be able to take it anymore....

_God give me fuel at Rs 20/l(Gotto pay something)_

man23ish · 28th February 2005, 21:33

Hello all,

What would be the impact of the budget on the overall auto-industry?? Would auto-maufacturers be encouraged to bring in new models into the country?? Would the new models be manufactured locally or bought in as CBUs??

Does it make sense to go in for a new car at this point of time or is it prudent to wait untill the VAT story unfolds??

Your comments are very valuable.. So post on..

Manish.

GTO · 1st March 2005, 10:10

The impact of the budget is fantastic on the overall economy (over a 4 year period)...that said, as long as theres wealth in the market - auto manufacturers will come and sell their wares.

Whats relevant to the auto head:

1. Additional 50 paise cess on petrol and diesel
2. Lower spare parts price only till April. They will then come back to regular rates.
3. User imported car duties reduced from 105% to 100%.

GTO

25th February 2005, 01:00	#1
pingme BHPian Join Date: Feb 2005 Location: Pune Posts: 102 Thanked: 2 Times	Do you think prices will reduce after budget? Hey, just wondering if prices will drop after the budget...if yes by approximate how much? just give your guess
	() Thanks

25th February 2005, 03:45	#2
gamerno1 BHPian Join Date: Feb 2005 Location: Andheri (w), Mumbai Posts: 408 Thanked: 0 Times View My Garage	when is the budget? atleast i hope the prices come down
	() Thanks

26th February 2005, 01:28	#4
X-Machine Senior - BHPian Join Date: Jul 2004 Location: Mumbai/Tokyo Posts: 1,475 Thanked: 29 Times	Oil prices will be increased in this budget.So fuel will be more expensive. X
	() Thanks

26th February 2005, 11:38	#5
bhp BHPian Join Date: Jul 2004 Location: lokhandwala mumbai Posts: 840 Thanked: 168 Times View My Garage	i think the prices are going to increase bcoz there is a hike in steel and other products and the fuel prices are also getting hiked
	() Thanks

26th February 2005, 12:29	#6
normally_crazy Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 4,369 Thanked: 528 Times View My Garage	steel prices getting hiked? i thut duty was being reduced to 5 % instead of 15 % earlier ! anyways just a day more to go - we will come to know
	() Thanks

26th February 2005, 12:35	#7
jesal BANNED Join Date: Apr 2004 Location: Mumbai Posts: 2,323 Thanked: 13 Times View My Garage	prices same or going up. i want import duty to come down dammit
	() Thanks

26th February 2005, 12:40	#8
Neo. BHPian Join Date: Jan 2005 Location: NYC Posts: 51 Thanked: Once	The whole speculation of reduction in prices is because of a proposed reduction in additional excise duties on cars from 8% to 4%. The news is pretty much credible because it was the headlines in the economic times a few weeks back. In lay-man's terms a car costing about 6lacs will come down by around 20k. The real question is how much of it will actually filter down to the customer. The auto companies may not reduce the price by much, inorder to absorb rising steel prices. They are already giving discounts on all cars, which will essentially be the regular price for the car.
	() Thanks

26th February 2005, 12:49	#9
bhp BHPian Join Date: Jul 2004 Location: lokhandwala mumbai Posts: 840 Thanked: 168 Times View My Garage	the excise duty and customs duty are sure to have a cut but i dont think so that the manufacturers will pass the benefit to the consumer bcoz of hike in certain raw materials .. but all we can do is wait and watch and hope for the best
	() Thanks

26th February 2005, 15:51	#10
GrimReaper BHPian Join Date: Mar 2004 Location: Mumbai, India Posts: 261 Thanked: 0 Times	To be honest, I don't really care that much for local car taxes, BUT I sre do hope that import duty on CBU's come down to atleast the below 75% margin.
	() Thanks

27th February 2005, 05:37	#11
gamerno1 BHPian Join Date: Feb 2005 Location: Andheri (w), Mumbai Posts: 408 Thanked: 0 Times View My Garage	awww no man. not another oil hike. for heaven's sake. GIVE US A BRAKE!!!!!!!! (just to burn some hearts here : the petrol costs approx. Rs. 7/litre in Kuwait)
	() Thanks

28th February 2005, 13:44	#12
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,864 Thanked: 27,975 Times View My Garage	Well guys - looks like it is business as usual - no changes - makes sense - no point promoting ar ownership when the infrastrucutre is crumbling
	() Thanks

28th February 2005, 21:33	#14
man23ish BHPian Join Date: Jan 2005 Location: Bangalore Posts: 626 Thanked: 18 Times	Impact of Budget ?? Hello all, What would be the impact of the budget on the overall auto-industry?? Would auto-maufacturers be encouraged to bring in new models into the country?? Would the new models be manufactured locally or bought in as CBUs?? Does it make sense to go in for a new car at this point of time or is it prudent to wait untill the VAT story unfolds?? Your comments are very valuable.. So post on.. Manish.
	() Thanks

1st March 2005, 10:10	#15
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,545 Thanked: 300,753 Times View My Garage	The impact of the budget is fantastic on the overall economy (over a 4 year period)...that said, as long as theres wealth in the market - auto manufacturers will come and sell their wares. Whats relevant to the auto head: 1. Additional 50 paise cess on petrol and diesel 2. Lower spare parts price only till April. They will then come back to regular rates. 3. User imported car duties reduced from 105% to 100%. GTO
	() Thanks