Cars to get Pricey with New Year?
- Thread Starter 350Z
- Start date
Thread Starter
#62
Most of the car manufacturers have decided to yet again hike the prices of their models, Maruti's will now cost 2% more and for Hyundai you'll have to pay Rs.6,500 - 25,000 extra and Fiat's top seller models, Punto and Linea go Rs.7,000 - 15,000
pricier.
Courtesy: Motorbeam
Drive Safe,
350Z
pricier.
Courtesy: Motorbeam
Drive Safe,
350Z
Yes this was expected from this budget.
Polo and Figo should not have any impact due to this hike.
![[:)]](https://www.theautomotiveindia.com/forums/images/smilies/Smile.gif "Smile [:)]")
Thread Starter
#67
More Excise Duty on "Big" Cars!
Finance Minister has partially rolled back the stimulus given for auto sector. The excise duty on big cars (cars with length above 4m) and SUVs goes up by 2% to 22% from 20%. This would result in price of large cars and SUVs marginally. Also another set back for the auto industry is the additional excise duty of Re1/ litre of petrol/diesel. This means your fuel bill is all set to raise. Finance Minister has also indicated the petroleum ministry would consider implementing the Parikh Panel recommendations of freeing the oil prices (aligning petroleum product prices with international crude rate). This means a heavy raise in petrol and diesel prices.
The government has announced a hike in the prices of auto fuels like petrol prices by Rs 2.67 per litre and diesel prices by Rs 2.58 per litre with effect from tonight.
Small cars/Motorcycles which enjoyed 8 per cent excise duty will now pay 10% excise duty and duty on large cars is levied at 22 per cent plus Rs 15,000 (against 20 per cent plus Rs 15,000 earlier).
Source: vicky.in
Finance Minister has partially rolled back the stimulus given for auto sector. The excise duty on big cars (cars with length above 4m) and SUVs goes up by 2% to 22% from 20%. This would result in price of large cars and SUVs marginally. Also another set back for the auto industry is the additional excise duty of Re1/ litre of petrol/diesel. This means your fuel bill is all set to raise. Finance Minister has also indicated the petroleum ministry would consider implementing the Parikh Panel recommendations of freeing the oil prices (aligning petroleum product prices with international crude rate). This means a heavy raise in petrol and diesel prices.
The government has announced a hike in the prices of auto fuels like petrol prices by Rs 2.67 per litre and diesel prices by Rs 2.58 per litre with effect from tonight.
Small cars/Motorcycles which enjoyed 8 per cent excise duty will now pay 10% excise duty and duty on large cars is levied at 22 per cent plus Rs 15,000 (against 20 per cent plus Rs 15,000 earlier).
Source: vicky.in
I would say its rather good.
Car is definitely luxury & people should stop using it atleast to save earth.
Use it only when needed & if there are more than 2 people.
I still see cars running for just single people rides, which i really hate!
Car is definitely luxury & people should stop using it atleast to save earth.
Use it only when needed & if there are more than 2 people.
I still see cars running for just single people rides, which i really hate!
Another price hike on Hyundai cars
News is that Hyundai will go for a second round of price hike on its products across the stable. This hike comes in following the one that was implemented after the excise duty was rolled back in the Budget 2010-11.
The current price hike is in lieu of the BSIV implementation across the 13 cities in India. The price hike is expected to be around Rs 4000 to Rs 5000, but unconfirmed reports say that the entire burden might not be passed on to the consumer as well.
carwale
News is that Hyundai will go for a second round of price hike on its products across the stable. This hike comes in following the one that was implemented after the excise duty was rolled back in the Budget 2010-11.
The current price hike is in lieu of the BSIV implementation across the 13 cities in India. The price hike is expected to be around Rs 4000 to Rs 5000, but unconfirmed reports say that the entire burden might not be passed on to the consumer as well.
carwale
Thread Starter
#70
![[anger]](https://www.theautomotiveindia.com/forums/images/smilies/Anger.gif "Anger [anger]")
Technological changes are some thing they have to manage internally.
Thread Starter
#73