Automobile price cuts you can get
After the interim budget (in February 2014) reduced the excise duty on cars, automakers have decided to slash prices. Here's what you to expect if you are looking to buy a new vehicle.
Until the next government is elected in May, there’s plenty to cheer about if you are looking to buy a new car or bike. The interim budget presented in February 2014 by P Chidambaram allocated a reduction in excise duty on small to large segment cars, bikes and scooters. Many automakers have followed suit and have already slashed prices of various cars and 2-wheelers. Here are the price cuts that are currently reflected in the automobile market:
Last updated on March 7, 2014.
The Indian automaker has slashed prices on its entire range of cars starting from Rs8,502 on entry-level cars like the Alto to Rs30,984 on the SX4 diesel variant.
Mahindra & Mahindra
The company, known for its functional and comparatively lower priced SUVs, has brought into effect a price cut between Rs13,000 to Rs49,000 on a number of cars. The biggest is Rs92,000 less on the Rexton SUV.
The Indian arm of Hyundai reduced prices from Rs10,000 to Rs1,35,300 on its entire range of cars. Cars like the Eon, Verna, Santa Fe and i20 will all cost less after this price cut.
All Honda cars in the country were given a price cut ranging from Rs14,650 to Rs44,741, depending on the model’s demand. The price cut includes popular cars like the Brio and Amaze as well as bigger vehicles like the Honda City and CR-V.
The German car company hasn’t reduced prices of all its cars yet, but you can see price cuts on the Polo which range from Rs18,000 to Rs31,000 depending on which variant you go for. The mid-size Vento sees a Rs14,500 to Rs27,000 reduction in price, while the Jetta’s retail tag has been slashed by anything from Rs38,000 to Rs51,000.
Tata motors has announced a price cut ranging from Rs7,000 to Rs45,000 depending on which car model you go for. The price cut is applicable on all cars. The entry-level Nano has been given a price cut of Rs8,000, while the Indica and Indigo have been given price cuts of Rs15,000 and Rs17,000 respectively. The Manza sedan will also cost you Rs20,000 less than it did a while back.
The luxury car company has reduced prices by up to Rs2 lakh on its C-class, E-class and GL-class sedans and SUVs assembled in India.
The country’s largest motorcycle and scooter maker has reduced prices of all its products in the range of 2-5% depending on which model you choose. The maximum price cut brought into effect is capped at Rs4,500.
The Honda Dream Neo motorcycle is cheaper by Rs1,600. The Japanese company is expected to reduce price of other bikes by as much as Rs7,600.
The Duke 200 and Duke 390 have been given price cuts by KTM in the range of Rs4,500 to Rs5,600 in India. As a result, the Duke 200 will cost Rs1.3 lakh and the Duke 390 will cost Rs1.8 lakh after the revision.