Earlier this week, the Finance Minister reduced the excise duty imposed on Indian four wheelers & two wheelers. The drop in excise duty rates was meant to support the struggling automobile industry which would result in price reductions.
The revised excise duty figures is listed below.
- Motorcycles, scooters & small cars: Down from 12 percent to 8 percent
- Medium sized cars: Down from 24 percent to 20 percent
- Large Cars: Down from 27 percent to 24 percent and
- Sport Utility Vehicles: Down from 30 percent to 24 percent
Based on these numbers manufacturers have started announcing their revised prices for their products. While the prices reduced are small for two wheelers, they increase as the value of the vehicle goes up.
Considering the highest duty cut is for SUVs, Audi, the leader in luxury SUVs in India, is expected to slash the price of the Q7 by INR 3 lakhs, to bring it down from INR 82.11 lakhs to INR 78.28 lakhs (Ex-showroom, Delhi).
Price reduction by General Motors India ranges from Rs 12,000 to Rs 49,000 depending on the models.
This also means the all new Beat now starts at a revised price of INR 3.99 lakhs for the base petrol and INR 4.81 lakhs for the base diesel variant.
New prices are as follows (Ex-showroom, Bangalore):
Aquila 250 - INR 2.70 lakhs
GT250 R - INR 2.80 lakhs
GT 650 N - INR 4.04 lakhs
GT650 R - INR 4.87 lakhs
Aquila PRO 650 - INR 5.35 lakhs
ST 7 - INR 6.10 lakhs
Fiat models in India now cost Rs 8,000 to Rs 12,000 less. Prices for the all new Fiat Linea that launches next month are as follows.
Linea Active petrol - INR 7.64 lakhs
Linea Active diesel - INR Rs 8.24 lakhs
Linea Emotion petrol - Rs 9.22 lakhs
Linea Emotion diesel - Rs 9.79 lakhs
Ford India has dropped prices by up to 1.06 lakh across various models.
Figo now costs less by Rs.23,399
Classic - Rs.24,056 less
EcoSport - Rs.25,947 less
Fiesta - Rs.32,961 less
Endeavour - Rs.1,06,753 less
Though the prices reduction of Hero two wheelers ranges from 2-5 percent, the actual reduction in prices are small, with the maximum amount being Rs 4,500.
Honda's Dream Neo, the least expensive model, will cost Rs 1600 less, whereas its most expensive product, the CBR250R will now cost Rs 7600 less.
The Dream Neo is priced between Rs 43,150 & Rs 47,289 and the CBR250R is priced between INR 1.58 lakhs & INR 1.93 lakhs. All prices are ex-showroom, Delhi.
Revised pricing of Honda Brio petrol ranges from INR 3.99 for the base variant to INR 5.99 lakhs for the top end variant
Amaze petrol - INR 4.99 lakhs to INR 7.55 lakhs
Amaze diesel - INR 5.97 lakhs to INR 7.49 lakhs
City petrol - INR 7.19 lakhs to INR 10.80 lakhs
City diesel - INR 8.37 lakhs to INR 10.9 lakhs
CR-V - INR 20.25 lakhs to INR 24.36 lakhs
Hyundai too has issued a statement announcing a price reduction on its entire range, from the Eon hatchback to the Santa Fe.
Prices have gone down by Rs 10,000 to Rs 1.35 lakhs depending on the model.
Mahindra's passenger vehicle prices have dropped from Rs 13,000 to Rs 49,000 depending on the model. Mahindra has also reduced the price of its premium SUV, Ssangyong Rexton by Rs 92,000.
Price reduction by Maruti ranges from Rs 8,502 to Rs 30,984 depending on the model. Price of the new Maruto Celerio now starts at INR 3.76 lakhs (Ex-showroom, Delhi).
Revised prices of Nissan models are as follows (Ex-showroom)
Evalia - Ranges from INR 8,42,414 for the base variant to INR 10,21,792 for the top end trim
Micra Active - INR 3,37,859 to 4,71,886
Micra - INR 4,82,312 to INR 7,03,763
Sunny - INR 6,28,135 to INR 9,54,927
Terrano - INR 9,52,877 to INR 12,30,166
Teana - INR 21,14,086 for the mid variant and INR 24,89,213 for the upper variant
You can find the entire variant price list in our database.
C-Class - Price dropped from INR 39.90 lakhs to INR 39.35 lakhs
E-Class - Price dropped from INR 47.66 lakhs to INR 46.90 lakhs
GL Class - Price dropped from INR 74 lakhs to INR 72 lakhs.
We'll update this list when as and when remaining manufacturers announce revised prices.
Tata has reduced prices of its products by up to INR 1.5 lakh.
While prices of passenger vehicles have gone down anywhere from Rs 6,300 to Rs 69,000, depending on the model and variants, Tata's commercial vehicles now cost less by Rs 15,000 to Rs 1.5 lakhs.
India's fourth largest two wheeler manufacturer has dropped its prices ranging from Rs 850 to Rs 3,500.
VW Polo - Rs 18,000 to Rs 31,000 less depending on variant
VW Vento - Rs 14,500 to Rs 31,000 less
VW Jetta - Rs 38,000 to Rs 51,000 less
The price cut ranges from Rs.1033 to Rs. 3066 depending on the variants.