pratik.sinhal

CENVAT reduced,Cars to be cheaper by 4%

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Benefit may be limited to December only, so car makers may clear 2008 dead inventory.

 

They are a greedy bunch and may jackup prices in January again citing rising rupee exchnge rates, a la Honda

 

 

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Companies such as Honda Siel Cars and Toyota Kirloskar Motor, whose products have a high import component, are looking at adjusting the excise benefits against the rising cost of imports because of weakening of rupee against dollar and other currencies.

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Yes, car manufacturers have decided to pass the benefits of duty cut to its customers. The impact of budget will be rejoiced by car buyers. Alto will be cheaper by Rs 8000 and Mahindra Scorpio will be cheaper by about Rs 42,000. Rest of the car models will also show a decline in price tags ranging between Rs 8000 and Rs 45,000.

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The fuel prices reduction and the cenvat cut favour car/bike purchases as manufacturers foresee dark clouds ahead during 2009!

God only knows how it will work out.The recession will now make them stoop to conquer. But we are sure that once the economy gets back rolling sometime after 2009, the prices will be jacked up both by the manufacturers and the government.

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