6 posts tagged “car sales”

When the government can reduces the excise duty on small cars then even luxury cars and small cars have all the rights to have some restructured tax plan. There is a speculation in car industry that there is possibility of prices of luxury cars and mid size cars coming down. It is said that these cars will see a price dip of up to Rs 50,000. There is no confirm news on this as the ministry of heavy industries is in talks with finance ministry to reduce the specific excise duty charged on mid-size and top-end cars last year.

Currently it is compulsory for the car’s engine sized between 1,500-2,000cc to pay an extra tax of Rs 15,000 and the vehicles above 2,000cc have to pay Rs 20,000.  As the tax was enforced on ex-factory price of vehicles, the car manufacturers put the burden on the consumers in the form of sales tax and other taxes.  But finally it is understood that such kind of tax structure that it does is not helping some particular segment.

Such unfriendly tax structure affected the sales it discouraged the consumers from buying cars like Honda Civic and the Toyota Corolla. By calming down the tax structure, the price on these car segments will come down by Rs 20,000 to Rs 50,000 per car.

Toyota is geared up to roll out its new Corolla with perfectly refined and advance features. This exclusive car has acquired a lot of popularity for its standard price, huge size and spacious interior.

Now this sizzling new Corolla is coming in September with a much better look this time when compared to the present model.

After the launch of the Honda Civic there has been a tough competition for Corolla. So with this new launch of Corolla it might again increase the sales.

This new car is going to rock the Indian buyers with its spiky new designs which is an extension of the Toyota’s product entity across its line up and will add even more elegance to this new Corolla.

Toyota seems to have come out with all that which will attract more buyers to their brand showrooms. However this dashing car might give a good competition to Honda Civic, Volkswagen Jetta and Skoda Octavia.

Hyundai seem to be happy as it has made excellent passenger car sales this month. The company has increased its sales by 28.2 % to 36,152 units in July 2008, against 28,204 units in the same month last year.

However the domestic car market sales determined a marginal growth of 0.4 % at 15,066 units in July, against that of 15,003 units in the same month last year.

The car manufacturer has sold 30,614 units of Santro, Getz and i10, 5,504 units of Accent and Verna, 28 units of Sonata Embera and 5 units of its SUV Tucson in the month of July.

Several auto companies sense that it has been a challenging month for the entire car industry with the pressures disturbing market sentiments like inflation, increase in interest rates and fuel prices.

Many car manufacturers are entering the small car market segment. The companies with big names like Maruti-Suzuki, Honda, Volkswagen, Fiat, Ford and Toyota which are anticipated to hit the car market restoring the record for as much as 75% of car sales by 2010.

In order to help the buyers the car manufacturers are offering bulky discounts to ease their existing stocks and for the easy entry of new cars in India.

The forthcoming new cars would have variants loaded with most advanced features like ABS, automatic drive, and airbags. These elite cars come in the range of Rs 3 lakh - Rs 5 lakh (excluding the Rs 1 lakh marvel Tata Nano).

So to avail the benefits of the subsidized excise duty for small cars, the car models under-4m would sport engines below 1200cc in petrol and below 1500cc in diesel.

There is going to be a sizzling competition between the car manufacturers in the small-car sector. Whereas Maruti-Suzuki is set to roll out Splash and A Star by year-end and Hyundai is set to introduce i20 at the same time. Even Fiat Grande Punto is expected before the end of the year and Tata Motors is also ready to hit the Indian market with its new version of its Indica, which has been one of the popular cars in the market.

Selling a pre-owned car requires a lot of bargaining and expenditure. Car owners who want to sell their cars are known to spend a significant amount of money to give it a facelift. They spend on getting the car value and also have to bear brokerage or commission charges toward the agent who helps them to sell it. To provide a solution on this particular aspect of car sales, online car portals have set themselves up to make life easier for the sellers.

 

Carazoo.com is one such car portal that offers a unique service in this area. The portal can help you get the best price on the sale of your used car at absolutely no brokerage or commission charges. Selling a car on a portal like Carazoo is done at a single click. The process is extremely simplified and allows you to specify all aspects of the car you are looking to sell. Apart from this, the portal also offers the buyer with a free valuation of pre-owned cars but the offer is valid only in select cities. Car owners planning to sell their cars will stand to gain a lot if they sell their car through Carazoo.com.

The Indian auto market is growing very fast and every car manufacturers are planning expansion for the Indian market. Moreover, the small car segment in India is the latest attraction. India is already an export hub for small cars for Suzuki and now Hyundai also moved its complete manufacturing base for small cars to India. Presently models like i10, Getz and Santro are manufactured in India.

 In 2007, the demand for small cars had not been much in China but is now expected to bounce back in the coming years. In Japan, the mini car sales accounts for at least 1/3rd of the total car sales. Currently India shines as one of the largest producers of the small cars in the world. Nearly 3/4th of the auto market in India accounts the small car segment. And this outstanding growth in the small car segment has flattered the major players like Nissan, Renault, Toyota, VW, etc to sit up and take notice. Tata’s Nano has already been a show stealer. With the stage set, India is expected to witness more than dozen small or compact cars in the auto market.