Automobile News, Mobile News & Other Product News: Infibeam - Budget category

Reduction in Nissan Car price by Rs. 5000

Sat, 11 Jul 2009 09:09:40 GMT

Mitsubishi, Hyundai and Ford and many other car makers have also cut down their prices up to Rs 6000 to pass the excise duty cut benefit to the consumers.

Volvo reduced the sports vehicle XC90 prices by Rs 4 lakh

Sat, 11 Jul 2009 05:25:18 GMT

The Volvo XC90 D5 will be priced at Rs 42.5 lakh, Volvo the XC90 32 will be available for Rs 43.5 lakh and XC90 V8 for Rs 49.5 lakh.

Hyundai Motor India reduces prices of Sonata Transform

Wed, 08 Jul 2009 10:50:44 GMT

According to the duty reduction announced in the budget any car equipped with an engine capacity of over 2 litre will have a reduced excise duty. Earlier the additional duty of excise was Rs 20,000 but after the recent budget announcement this has been brought down by Rs 5,000. The Sonata Transform is powered by a 2.4 litre engine and hence directly benefits from the duty reduction.

Some Positives for Automobiles in Budget 2009: SIAM

Wed, 08 Jul 2009 10:27:17 GMT

Mr. Ravi Kant said that in recent times, rural market has been playing an important role for the automotive sector and measures aimed at enhancing the income levels in rural areas including increase in allocation to NREGA will have positive impact on automobile industry.

Budget will help fuel auto demand: Karl Slym, President & Managing Director, GM India

Wed, 08 Jul 2009 09:31:47 GMT

The automotive industry is one of the growth drivers of the economy and as such some tax relief would have helped the industry to generate some volumes. Having said this, government's intention to introduce GST with effect from 1st April 2010 and reduce the CST by 1% are welcome decisions. Removal of FBT and commodity transaction tax is also welcome decisions.

Honda India reduces prices for Accord & CR-V models

Wed, 08 Jul 2009 07:26:51 GMT

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.

Ford India announces lower prices for Endeavour

Tue, 07 Jul 2009 10:28:43 GMT

This new pricing of the Endeavour is a direct result of the announcement made in yesterday's Union Budget. It has been proposed that the excise duty applicable on cars of engine capacity 2000 cc and above will be reduced from Rs. 20,000/- per vehicle to Rs. 15, 000 per vehicle.

High-end car prices to fall soon

Tue, 07 Jul 2009 10:09:35 GMT

The first one to announce the decrease in the price of Rs 6000 on its partner Mitsubishi's Pajero, Outlander and Montero cars is Hindustan Motors Ltd (HML) and They would pass on the benefits of excise cut, says BMW, General Motors and Toyota, while Tata Motors told it would soon announced its decision on it.

Focused stimulus package the best move - Kurt Rippholz, group communications head, Volkswagen India

Tue, 07 Jul 2009 06:38:48 GMT

Volkswagen Group who is present in India with its brands Audi, Skoda and Volkswagen welcomes the 2009-2010 Union Budget’s aim to touch 8% to 9% level of economic growth.

HM- Mitsubishi Motors Reduce Car Prices by Rs 6000

Tue, 07 Jul 2009 05:54:52 GMT

Heralding the government's budget to stimulate the economy, Hindustan Motors Limited (HML) today offered to cut prices of its Mitsubishi SUVs – Pajero, Outlander & Montero by Rs.6,000/- with effect from 7^th July ‘09.