Dec 16, 2008

This is the BEST time to BUY a Car !

Car sales have plunged in India in the wake of the economic slowdown. In a bid to revive the auto sector, the government has cut the central value-added tax (Cenvat) by 4 per cent, making cars across the board much cheaper.

All car manufacturers -- Maruti, General Motors, Ford, Skoda, Hyundai, Tata Motors, Honda Siel, Toyota Kirloskar, Hindustan Motors, Mahindra & Mahindra and General Motors -- have cut prices from Rs 7,000 to Rs 60,000 on all models. Here is a list of prevailing discounts :


Maruti 800 will be cheaper now by Rs 6,593 to Rs 7,516. Maruti 800 (with AC) will cost Rs 2,39,000. The non-AC model will cost Rs 2,23,000.

Alto: Price cut by Rs 8,028-Rs 9,814. Dealers are offering a discount of Rs 12,000 on Alto. The Alto Lxi model is now available for Rs 3,07,000.

Zen Estilo: Cheaper by Rs 11,849 and Rs 12,747. Dealer discount on Zen Estillo is Rs 30,000. So Zen is now priced at Rs 3,55,000.

WagonR: Cheaper by Rs 11,167-Rs 12,793, besides this dealers are offering a Rs 30,000 to Rs 35,000 discount on WagonR. WagonR LX model is now priced at Rs 3,27,000. The LXi model will be available at Rs 3,88,000 and the VXi model will be available for Rs 3,82,000. (All are on road prices)

A-Star: Cheaper by Rs 12,156-Rs 14,392.

Swift will now be cheaper by Rs 12,458-Rs 17,868 across petrol and diesel variants. However, there is no dealer discount on Swift.

DZiRE prices will come down by by Rs 14,699-Rs 21,784 across petrol and diesel variants.

SX4 will see a price cut between Rs 19,752 and Rs 23,187.

Gypsy: Cheaper by Rs 16,326-Rs 16,989

Versa: Cheaper by Rs 11,605 and Rs 15,193


Indica Xeta will be now available at Rs 3,11,000 (on the road price)after a discount of Rs 30,000.

Indica DLX will be available at Rs 3,82,000 (on the road price) after a discount of Rs 25,000.

Safari will be cheaper by Rs 25,000.

Indigo prices will be cheaper by Rs 11,000 to 15,000 after the excise duty cut.

Light Commercial Vehicles: Cheaper by Rs 17,000 to Rs 23,000.

Sumo Grande will be cheaper by Rs 66,000.

Medium & Heavy Commercial Vehicles: Cheaper by Rs 30,000 to Rs 60,000


Hyundai Santro will be cheaper by Rs 8,834 and Rs 12,492. The Santro petrol GLS will now be available for Rs 3,36,543 and Rs 3,79,188 (on the road), Santro GLM is at Rs 3,40,178(and Rs 3,83,180(on the road).

The Getz would be cheaper by Rs 13,413-Rs 19,422 across different variants. The Getz GLS will cost Rs 4,71,728 5,28,703 (on the road). The Getz GLX will cost Rs 5,66,756 (on the road). The Getz GVS CRDi will cost Rs 6,34,543(on the road)

Accent: Cheaper by Rs 15,540. The Accent GLE price is at Rs 5,70,406.

i10 model: Cheaper by up to Rs 18,381. The i10 D-Lite (S) is now priced at Rs 3,84,914 (on the road). The i10 D-Lite (M) is priced at Rs 3,88,931(on the road). The i10 Era (S) is now available at Rs 4,24,587 (on the road).

Verna: Price cut between Rs 19,625 and Rs 26,174

Sonata: Cheaper between Rs 38,006 and Rs 44,792.

The price of sports utility vehicle Tucson will not be cut as it is imported as a completely built unit.

Dealers are offering a discount of Rs 13,000 on the Santro GLS model. Insurance will be free for one year on Santro and Getz models.

General Motors

Spark: Cheaper by Rs 8,000-Rs 10,200. The Spark is priced at Rs 3,10,000.

Aveo U-VA: Cheaper by Rs 12,000 and Rs 16,000. The Aveo U-VA is priced at Rs 4,55,000.

Aveo: Cheaper by Rs 16,700-Rs 21,000. The Aveo is priced at Rs 6,84,000.

Tavera would be cheaper by Rs 16,500

Mahindra Renault

Mahindra Renault will offer a discount of Rs 60,000 on Logan. The base variant of the car, 1.4 GL (petrol), currently priced at Rs 4.72 lakh (ex-showroom Mumbai), will now be available at Rs 4.12 lakh.

Ford India

Fusion: Cheaper by Rs 18,500 and dealer discount on the petrol model is Rs 20,000. The Ford Fusion petrol model is now priced at Rs 6,83,000.

The Fusion plus is priced at Rs 7,30,362. The diesel model is priced at Rs 7,47,000 and Rs 7,93,000 after a discount of Rs 10,000.

Fiesta will be cheaper by Rs 21,000 and Rs 25,000. The dealer discount on Fiesta ranges from 20,000 to Rs 70,000 depending on the model.

The Fiesta FXI (petrol) is now priced at Rs Rs 6,98,000. The diesel variant is priced at Rs 8,06,000. The dealer offers a discount ranging from Rs 20,000-50,000.

The price cut on sports-utility vehicle Endeavour is between Rs 47,000-Rs 54,000.

Toyota Kirloskar

Toyota Kirloskar Motor's Innova would now be cheaper by Rs 23,980 to Rs 32,780, Altis by Rs 34,100 to Rs 40,750, Camry by Rs 70,430 to Rs 76,130 and Prado by Rs 1.21 lakh.

Honda Siel

Honda City (SMT) is now priced at Rs 9,54,000 and Honda City (SAT) is priced at Rs 10,46,000. This will be cheaper by Rs 19,000-21,000 after the duty cut.

The Honda Civic which is priced at Rs 14,15,000 will be cheaper by Rs 29,000-31,000.

The Accord (MT) which is priced at Rs 19,00,000 and Accord (AT) priced at Rs 20,00,000 will be cheaper between Rs 27,000 and Rs 28,000.

Honda CR-V's price remains the same as it a a fully imported unit.

Skoda India

Car maker Skoda India said it will cut prices of its products by up to Rs 51,500. The price cut after the duty cut will be between Rs 12,500 and Rs 51,500 across all models.

The Skoda Fabia models are priced at Rs 5,69,000 and Rs 6,83,000. Dealers are not offering a discount on this model.

However, there is a 50 per cent insurance cut and three year maintenance free of charge on all models. The company is currently working on the details of price cut on various models.

The dealers are offering a discount of Rs 2 lakh on the Superb variant. The price of the car ranges from Rs 22.5 lakh to Rs 25 lakh (Rs 2.25 million to Rs 2.5 million).

VE Commercial Vehicles

VE Commercial Vehicles has announced a price cut across all product ranges in Volvo Trucks as well as Eicher Trucks & Buses.

The price cut for Volvo Trucks regular models will range between Rs 1,25,000 and Rs 2,00,000.

The price reduction for Eicher Trucks & Buses will range between Rs 16,000 and Rs 37,000.

Hindustan Motors

Hindustan Motors will cut prices of its Ambassador car models by Rs 10,000 to 14,500.

Hindustan Motors has also reduced prices of all Mitsubishi models -- Lancer, Cedia, Pajero, Outlander and Montero.

Two-wheeler and three-wheelers will also be cheaper with Hero Honda and Bajaj cutting prices. This thus is the best time to buy a car or a bike. What's more exciting, this comes after petrol and diesel prices have been slashed. If you are confused with so many options and having problem in purchasing the right one, here are the Tips On Buying Your First Car.

Also if you are planning to take an auto loan, here's some good news, some of the PSU banks -- like Punjab National Bank and Canara Bank -- have already cut loan rates. Others banks are likely to offer lower rates soon.

Source : Rediff


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