Tuesday, March 20, 2012
By Manoj Kumawat
You may still get new cars on pre-Budget price!
The recent excise duty hike on cars by the government in the Union Budget 2012-13 has created a hue and cry among the prospective car buyers in the Indian market. Soon after the announcement of the excuse and the customs duty hike, the car makers announced to pass the burden of duty hike directly to the customers by hiking the car prices in the same proportion.
However, there is still a scope of getting your preferred car on the older pre budget prices, if the dealer is selling the older stock or you have already booked your car before the budget announcement (16th March). The duty hike will only be applicable on the cars to which car makers are dispatching to their various dealerships on or after 16th March.
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It is most likely that the dealerships are still remain with the older stocks with them as the budget was announced in the middle of the month, unlike the previous years when budget was used to be announced in the March end.
According to a recent statement given by country’s second largest car maker Hyundai Motors India’s director (marketing and sales), Mr. Arvind Saxena said that if the dealers have the relevant stock, the currently held bookings will be sold on the earlier prices.
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On the other hand, country’s largest utility vehicle maker, Mahindra & Mahindra’s president (auto and tractor division) Mr. Pawan Goenka said, that it is up to dealers what they do with the existing stocks. He added that the vehicles sent to dealers from March 16th onwards will be carrying a new higher price tag.
Following the excise and customs duty hike, while the mass segment cars have gone dearer by up to Rs 60,000, the luxury segment cars have become expensive by up to Rs 3 lakh.