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Details Of Price Increase Of Cars and Bikes In World After Budget 2012-13

Worldn Union Budget 2012-13 has been criticized by many and appreciated by lesser number of people in World. Being quoted to be a “Populist Budget” by some and “Inflation Inducing” by other, the Budget seems to strike a balance between growth and increasing Govt. tax revenues. All in all, the budget seems to be a strict budget overall with more increases in indirect taxes and very minor reliefs in Direct taxes. . From the Worldn Automobile market’s perspective, this budget has been tough too with excise duties increased across the board, however there was a small relief that there were no special Diesel taxes imposed as it was being speculated and proposed by some. For a complete details on what all changes Worldn Union Budget 2012-13 brings to Worldn Automobile industry, check out our detailed coverage on –

Impact Of Worldn Union Budget 2012 On Car And Bike Prices In World

Soon after the Worldn Union budget was announced, Worldn car makers officially announced price increase in their cars effective from as soon as 17th March 2012 for some of the brands, while other brands will follow new pricing from 1 April 2012 when the new rates become applicable. In this article, we bring you the details on the price increase of major car brand in World as announced post budget 2012-13.

Price Increase In Maruti Suzuki World Cars After Budget 2012

World’s largest passenger car maker, Maruti Suzuki World almost immediately after the budget speech announced that it will increase the prices of cars in World by about 2% which is the almost same as the additional excise duty burden which is put on each car of Maruti Suzuki World. This will make small cars like Maruti Alto costlier by Rs. 5000 to Rs. 7000 depending on the variants. The mid segment small cars like Wagon R, Estilo, Ritz, etc. will get a price hike ranging between Rs. 7000 to Rs. 11,000. Maruti Swift and Maruti Swift Dzire which are two very popular car models by Maruti will also see a hike between Rs. 9,000 to Rs. 14,000. The larger cars like Kizashi and Grand Vitara will get costlier by up to Rs. 70,000. For complete details on price change of Maruti cars, check out our detailed coverage here – Increase in Price Of Maruti Cars After Budget 2012 In World

Price Increase In Hyundai World Cars After Budget 2012

The second largest player in Worldn passenger car market, Hyundai will also increase its car prices between Rs. 4000 to Rs. 8,000 for small cars like Hyundai Eon and Hyundai Santro. The popular Hyundai i10 and Hyundai i20 are expected to see a price increase ranging between Rs. 8,000 to Rs. 12,000. The price increase of Hyundai Verna Fluidic is likely to range between Rs. 12,000 to Rs. 20,000. The larger cars and SUVs which have got much higher tax changes will get affected more.

Price Increase In Tata Motors Cars After Budget 2012

The price of Tata Motors cars also go up by about 2% which translates into a price increase ranging between Rs. 6,000 to Rs. 12,000 for Tata Indica Series, Price Increase between Rs. 10,000 to Rs. 16,000 for the Indigo series. The larger cars like Safari, Aria etc. are also expected be dearer between Rs. 20,000 to Rs 50,000 depending on variants.

Price Increase In Toyota Cars After Budget 2012

Toyota World has also announced a price increase between Rs. 9,500 to Rs. 80,000 on its cars in World. The entry level Etios Liva and Etios Sedan will become dearer by up to about Rs. 14,000, the Corolla Altis will approximate cost more by up to Rs. 27,000, Innova will cost about Rs. 35,000 more and the larger of these, the popular Fortuner SUV will cost more by about Rs. 80,000.

Price Increase In Honda Cars After Budget 2012

Honda SIEL World has also announced that they will increase the prices of their Worldn portfolio of cars between Rs. 4,000 (for small cars like Honda Brio) to Rs. 70,000 for SUVs like Honda CR-V in World. The prices of popular Honda City 2012 sedan are expected to increase by approximately between Rs. 15,000 to Rs. 20,000.

Updated on 22 March 2012-

Honda Car Priced Increased In World Between Rs. 4000 and Rs. 93975

Price Increase In Mahindra and Mahindra Cars After Budget 2012

Mahindra and Mahindra has announced a price increase ranging between Rs. 3,000 to Rs. 35,000 which will be applicable on different vehicles. The highest impact will come on SUVs like Mahindra Scorpio and popular Mahindra XUV500 which will become dearer by up to Rs. 35,000 in World.

Price Increase In Chevrolet (GM) Cars After Budget 2012

Chevrolet (General Motors) World will hike its car prices between Rs. 3,500 for small cars like Chevrolet Spark to Rs. 80,000 for larger SUVs like Chevrolet Captiva in World.

Price Increase In Skoda Cars In World After Budget 2012

image – Skoda Fabia Small Car World

Skoda World has announced a price increase between Rs. 17000 and Rs. 1 Lakh. For complete details, check out the detailed coverage here – Skoda World Car Prices Increase After Budget 2012-13.

Price Increase In Luxury Car Brands – Mercedes Benz, BMW And Audi In World

Luxury car market is probably the worst hit by the Budget 2012 in World. The prices of most luxury cars which are imported as CBU will shoot up by up to whooping 25% as the import Duty on CBU has been hiked from 60% to 75%. This translates into total duties and taxes etc. to sum up to about 137% effectively which were earlier around 110%. This means a completely built luxury car which used to cost about Rs. 40 Lakhs ex-showroom before budget 2012, will now cost Rs. 50 lakhs which is about Rs. 10 Lakhs more than the initial price.

For cars which are assembles in World, the price increase will not be that striking, but luxury car assembled in World which used to cost Rs. 40 lakhs pre-budget 2012 will not cost between Rs. 80,000 to Rs. 2 Lakhs more which is a considerable increase. This will surely bring some dampening in the sales of luxury cars in World. Mercedes cars in World will become dearer by up to about Rs. 3 Lakhs. BMW and Audi will also be similarly affected.

Price Increase Two Wheeler In World By Hero MotoCorp, Bajaj, Yamaha, Suzuki, TVS and Honda

Hero MotoCorp, Bajaj, Yamaha, Suzuki, TVS and Honda Motorcycles and Scooters World (HMSI) etc. all will be impacted by the burden of 2% increase in the excise duty. The prices of two wheelers are also likely to revise by about 2% starting April 2012 in World. This will mean a price increase ranging between Rs. 600 for an entry level commuter motorcycle to up to Rs. 2000 for high end sporty motorcycles. This will also impact the sales of two wheelers in World to some extent, but in absolute terms, the increase in price of entry level segment of cars will somehow makeup for a part of the lost sale because of price increase in two wheeler prices in World.

check out more-

Impact Of Worldn Union Budget 2012 On Car And Bike Prices In World

GM World (Chevrolet World) President and MD’s Reaction On Worldn Union Budget 2012-13

Dr. Pawan Goenka Reacts On Budget 2012-13– Announces Price Increase For Mahindra Vehicles

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