Effect of Union Budget 2013 - 2014 on Indian Auto Sector

[anshuman8]

Re: Monthly Discounts / Schemes on Indian Cars.

Hi Friends,

While discussing about skoda rapid, Dealer in Hyderabad was mentioning that Road tax may be hiked by 2-4% from 1st April. Can someone confirm if this is true.

Thanks,
Ravi Kiran G

While this can be just a hoax from the dealer to complete his sales target for March, please check if anything like that was presented/announced in AP state budget for 2013-14. I presume the budget was presented lately(last week).

Cheers,
Anshuman

 

[TopCap]

Does this news today Maruti moves to offer buybacks, discounts - Indian Express is some sort of an effect on Maruti Suzuki reflecting on the Union Budget 2013 - 2014 on Indian Auto Sector ?

 

[docmit]

An unexpected gainer of this budget are the super luxury car makers like mercedes and audi whose cars are flying off the shelf and going out of stock ahead of 25%excise hike. The sales of these cars in March is twice their movily average when the home made car industry is deep in recession. This is going to be a one month phenomenon though. Budget 2013: Top models of luxury cars like Merc, Audi run out of stock ahead of 25% price hike from April 1 - The Economic Times

 

[Raja]

Maruti SX4 and Toyota Corolla Altis get duty cuts

Jul 25, 2013
The government, in the Union Budget, had hiked excise duty on SUVs with engine capacity of over 1500cc, length of more than four metres and ground clearance of 170mm or above, from 27percent to 30 percent.

In our market, cars like the Toyota Altis and Maruti SX4 also fall under these parameters and hence, suffered the excise duty hike as well.

Now, the Central Board of Excise and Customs (CBEC) has issued a statement of clarification saying, “It is clear that the afore-cited motor vehicles (Maruti SX4, Honda Civic and Toyota Corolla Altis), which are known as sedans, will attract the excise duty of 27 percent as applicable to large segment cars.”

Maruti SX4 and Toyota Corolla Altis get duty cuts | News | Autocar India