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Carmakers witness slowdown in diesel car bookings
Posted on 11 Jun 201211,890 Views Comments
Increased prices of diesel cars post Budget and rising road taxes have led to fall in sales
The order book is nothing to be happy about and the long waiting period of the past is all but over. Eight of the 12 top-selling diesel cars are now available off the shelf, indicating that slowdown has started to impact sales of diesel cars as well.
A 5-6 percent increase in car prices after the Budget and the rising road taxes have delivered a body blow to the already suffering passenger car market, especially keeping in mind the recent boost to diesel car production by automakers, including Ford, Hyundai, Maruti Suzuki. "The market environment is tough. Almost all manufacturers have free availability of diesel vehicles, and the waiting lists for some have come down significantly," says Ford India president & MD Michael Boneham. "In some cases, incentives are being doled out on diesel cars also," he says.
Diesel models of Maruti Suzuki Swift, Hyundai i20, Toyota Etios, Volkswagen Polo and Vento, Mahindra & Mahindra Scorpio and Bolero are available off the shelf now. The waiting period of hotselling Swift Dzire and Hyundai Verna has shrunk by as much as one to two months depending on location from four to six months till March. However, the waiting period of XUV 5OO and Maruti Suzuki Ertiga still remains high at 3-6 months. The demand for diesel cars had gone through the roof over the last one year with price gap between petrol and diesel widening to over Rs 30 a litre. Also Read: Delivery of top-end Maruti Suzuki Ertiga delayed
In the last three months, the on-road price of cars has gone up by Rs 30,000 to Rs 1 lakh. Also, prospective buyers have begun deferring purchases at the time of delivery.
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