Cars becoming cheaper after Budget
Honda Siel Cars India Ltd announced a reduction in the prices of its models – Accord and CR-V by Rs 5,000. Ford India is the other manufacturer to offer discount on its SUV, the Endeavour.The prices have been revised following the lowering of specific excise duty by the Government on large cars of engine capacity of 2000cc and above from Rs 20,000 to Rs 15,000 announced in the Union Budget 2009 – 10. The new prices will be applicable with immediate effect. After this announcement, we have checked with Honda Dealers, they claim that the bookings have increased.
Also Ford this week: Ford India announced a reduction in the price of its SUV, the Endeavour by Rs. 6,000. This new pricing of the Endeavour is a direct result of the announcement made in The Union Budget 2009. It has been proposed that the excise duty applicable on cars of engine capacity 2000cc and above will be reduced from Rs 20,000/- per vehicle to Rs 15, 000 per vehicle.
The price reduction of Rs 6,000 will be applicable to all three variants of the Endeavour. The base model (2.5l) of the Endeavour will now be available at Rs 15, 01,000 (ex-showroom, New Delhi). The Ford Endeavour is available in two other variants – the 2.5l XLT and the 3.0l Thunder Plus.
