Cars are going to get cheaper in the coming months after the announcement by Finance minister P. Chidambaram on reduction in excise duty on cars in the 2014 budget. Since the current government’s term is coming to an end though, this is only an interim budget, which means the price revisions will be effective only till 30 June, 2014. If you are planning to sign the dotted line soon, keep yourself updated with the revised prices on cars here. As soon as we here of car manufacturers on revised prices of cars in their portfolio, we will post it here.
Here’s how the revised excise slabs look like:
Previous Excise Duty
Revised Excise Duty
Price announcements –
Ford India has revised prices of all its models. The value-for-money Figo gets price cuts of up to Rs 23,399. The Classic prices have been slashed by Rs 24,056 and the EcoSport has received price cuts in the same range of about Rs 26,000. Since the EcoSport has waiting periods extending beyond the June end interim excise duty reduction date, it may not benefit from this price revision and as a result the gap between its rivals, the Terrano and Duster has reduced. The slow selling Fiesta gets a Rs 32,961 off its sticker price and the Endeavour gets a whooping Rs 1.06 lakh cheaper.
Chevrolet has dropped prices on all its models in the range of Rs 12,000 to Rs 49,000. The Spark's prices now start at Rs 3.49 lakh and the Beat petrol base variant is priced at Rs 3.92 lakh. The Sail U-VA gets price cuts in the range of Rs 15,000-23,000 and the Sail sedan between Rs 16,000-24,000. The Enjoy that's already an excellent value for money proposition is cheaper by Rs 28,000 for the base petrol variant and goes up to Rs 40,000 for the to end diesel. Chevrolet's flagship model, Cruze gets Rs 49,000 off its sticker price.
India's highest selling car manufacturer is next in line to announce price cuts across all its models in the range of Rs8,000 to Rs 31,000. The Celerio is now about Rs 14,000 cheaper starting at Rs 3.76 lakh. The AMT equipped Celerio is priced at Rs 4.14 lakh. The Celerio AMT is already selling more than the manual. Now with it priced just above Rs 4 lakh, there could be no stopping an AMT revolution. The Swift range starts from Rs 4.42 lakh for the base petrol and goes up to Rs 6.7 lakh for the top-end diesel. Maruti's most affordable hatchback, the Alto 800 is priced between Rs 2.42 lakh and Rs 3.52 lakh. The Wagon R starts from Rs 3.52 lakh and the Stingray range starts from Rs 4.04 lakh.
The hot-selling Swift Dzire now starts from Rs 4.85 lakh while the Ertiga MPV base variant is priced at Rs 5.80 lakh. The SX4 range now starts at Rs 7.15 lakh pricing it on par with the recently launched Honda City.
Honda has dropped prices on all its models. With the new prices in effect, the Honda Brio's prices now start at Rs 3.99 lakh. The top-end Brio will come under Rs 6 lakh. The Amaze petrol will now start at Rs 4.99 lakh and the base diesel Amaze is priced at Rs 5.97 lakh. The already brilliantly priced City gets more affordable - the base petrol is priced at Rs 7.19 lakh, Rs 23,000 cheaper than its launch price and it goes up to Rs 10.89 lakh for the top-end diesel, down from Rs 11.10 lakh before the revisions. The new CR-V too gets cheaper by about Rs 45,000. It is now priced at Rs 20.25 lakh for the 2WD manual going up to Rs 24.36 lakh for the AWD automatic. Honda hasn't passed on the full benefits of the excise duty cuts and it is understandable since the Amaze, City and CR-V are all doing well in their segment. The Brio isn't, so it receives the best reduction in prices in the Honda portfolio.
Mahindra is the latest manufacturer to reduce prices on its cars. The rate cuts are in the range of Rs 13,000 to Rs 49,000 from the Verito Vibe all the way up to the XUV 500. This will benefit the SUV manufacturer as most of its models were hit by the excise hikes last March. Mahindra has also reduced prices of the SsangYong Rexton by up to Rs 92,000 for the top-end model.
Hyundai has announced a drop in prices from Rs 10,000 for the Eon to Rs 1.35 lakh for the Santa Fe. As you recall, the new Santa Fe was launched at the Auto Expo recently. Since the new price will be effective from 18 February, those who booked the flagship model in the past few weeks must be ruing their luck.
Volkwagens will be cheaper too. The German carmaker has released a statement with reduced prices of the Polo, Vento and Jetta in the range of Rs 18,000 to Rs 51,000.
Nissan has dropped prices on all its models by 4-6 percent passing on the entire benefit to customers. The price difference is in the range of Rs 13,000 to Rs 49,000 across the portfolio. This will benefit Nissan considerably to narrow the gap between the Terrano and EcoSport. And since waiting periods on the former are running into 6-8 months, the time is right for Nissan to cash in. The already economical Micra Active too becomes an even better value proposition.
Here are the starting prices for each model:
Rs 3.50 lakh
Rs 3.37 lakh
Rs 4.99 lakh
Rs 4.82 lakh
Rs 6.48 lakh
Rs 6.28 lakh
Rs 8.70 lakh
Rs 8.42 lakh
Rs 9.98 lakh
Rs 9.52 lakh
Rs 21.63 lakh
Rs 21.14 lakh
Audi has reduced prices on its locally assembled cars including the Audi A4, Q5 and Q7 SUV in the range of Rs 72,000 to Rs 3.82 lakh depending on the model and variant.
Rs 30.58 lakh
Rs 29.85 lakh
Rs 37.94 lakh
Rs 37.04 lakh
Rs 47.95 lakh
Rs 45.72 lakh
Rs 61.19 lakh
Rs 58.34 lakh
Rs 82.11 lakh
Rs 78.28 lakh
Mercedes has slashed prices between Rs 55,000 to Rs 2 lakh on locally produced models like the C, E and GL class. The S-Class will soon come in CKD form too so expect the most expensive Mercedes to be a tad lighter on the wallet than you would have expected.