Carazoo Indian Car Blog

Honda Cars Will Now Be Expensive

Hold your breath Honda car lovers. Honda cars will now be available at an expensive price tag. The company has decided to increase the price of its entire portfolio of cars by Rs 1 Lakh to Rs 1.5 Lakh from January next year. This is depressing for those who are planning to buy Honda cars and obviously relaxing for those who have already purchased one and are rejoicing the elegant ride.

But, if anyone of you is actually keen and sure to buy any of the Honda cars then you still have time to buy with the actual price tag. As the company has decided to implement the raised prices with the oncoming New Year, you can make up your mind to stamp upon a confirmed decision to buy a Honda car.

Many of you must be thinking that during this time of financial downturn, Honda is actually doing injustice to car consumers by increasing the car prices. But it’s not their fault as well. The production cost with the increasing cost of raw materials has increased so much that the car manufacturers is forced to take such an initiative. The weakening of Indian Rupees has further fueled the senses of Honda. This eventually compels the company to increase the price tag of all its car models.

The price of Honda’s leading SUV, Honda CR-V is expected to increase by Rs 1.5 Lakh, luxury sedan Accord would go up by Rs 30,000 – Rs 50,000 and the most successful car in Honda’s fleet, Honda Civic, would have an elevated price tag of Rs 10,000 – Rs 20,000.

So, now it is the right time for you to make a decision to purchase a Honda car.

Labels: Car-Manufacturer, Car-prices, Honda-Cars

 

posted by Carazoo.com @ Wednesday, November 26, 2008 6 Comments

Time To Look Ahead

Car manufacturers are struggling hard to cope up with the hard hit of global recession. Some are cutting down their car prices, some are replacing expensive car components with cheaper one. While many are offering special discounts for corporate and government employees and few are even cutting down their production.

At the other end of the spectrum automotive manufacturers strongly feel that Government must also move hand in hand with them to help stoke the demand in the economy. They believe that if government reduces the excise duty, it will help them to reduce car prices and deliver best to their esteem customers. Car manufacturers think that reduction in excise duty, indirect taxes, fiscal stimulus, and improved infrastructure would help boost auto industry in the country.

Surprisingly, the rate of inflation is coming down with the reduction in oil prices. All take this is as a golden opportunity to look ahead to the future growth of the auto industry in India. Industry, Government, and Economy all look ahead towards a brighter vision.

Labels: Car-Manufacturers, Car-prices

 

posted by Carazoo.com @ Tuesday, November 18, 2008 2 Comments

Maruti’s Net Profit Reduces

Maruti Suzuki reported a 7 % fall in the first quarter of the fiscal year. Maruti’s net profit dipped from Rs 499.6 crore in the corresponding period of the last fiscal year to Rs 465.9 crore in April-June 2008. Even though the sale in the first quarter of the fiscal year rose to about 18%, the net profit skids.

What can be the reason of the low net profit? The answer is simple and straight. In the past few months, the company has witnessed depreciation of assets and spike in expenses which has eventually reduced the profit margin. High inflation and increasing material costs has forced the company to absorb some portion of the input or production costs. This action by Maruti resulted in higher number of car sales but unfortunately, the net profit of the company dipped.

Another reason for the lower net profit was the extra Rs 62 crore that the company paid for the new depreciation policy. Apart from this, the company had made huge expenses in advertising and branding activities to lure waning customers during inflation. These activities helped the company register a good percentage of domestic sales but failed to earn profits.

Is this the condition for all car manufacturers or only Maruti has suffered a loss?

Labels: Car-prices, Car-Sales, Maruti Suzuki

 

posted by Carazoo.com @ Monday, August 04, 2008 3 Comments

Skoda Cars are now Costly

Skoda increases price tags of all its car models! This is nothing new in the car industry. Recently many car manufacturers including Tata Motors, Hyundai Motors, Maruti Suzuki, and Honda Seil India have increased the cost price of all their cars.

With so many car manufacturers raising the car prices due to high input costs, Skoda India, Czech auto manufacturer, also announces an increase in prices of all its car models in India.

The company announces a hike in the range of Rs 10,000 to Rs 25,000 and this hike will be effective from August 2008. Apart from high input costs, the company is also swayed by the surge in freight costs and high cost of raw materials.

Inspite of the high input costs, the company is putting in hard efforts to absorb maximum costs so that the price hike has minimized impact on prospective car buyers.

Will the efforts of Skoda be successful?

Labels: Car-prices, Luxury -Cars, Skoda

 

posted by Carazoo.com @ Tuesday, July 29, 2008 2 Comments

Logan Edge Comes to Edge Your Thoughts

Here comes the car to edge your thoughts from the rising inflation! Mahindra-Renault has launched the new version of the Logan named as Logan Edge with the view to relief consumers from rising fuel cost.

Driven by the highest fuel efficiency of Logan, the venture has introduced a new version of the car with higher capabilities to challenge high inflation.

Priced between Rs 5 Lakh and Rs 7.15 Lakh (ex-showroom-Delhi), the Logan Edge is produced in limited edition based on the extensive customer feedback and responses. The venture has considered this launch as an endeavour to offer the best to all its customers. Limited edition is produced to test the car performance and judge further responses from the customer.

The new Logan Edge comes with a blend of style, elegance and interesting features like reverse parking sensor, beige leather seat covers, Kenwood music system, wood finish center console and USB connectivity. The car is available in both the petrol and diesel variants with engine capacities between 1.4 litre and 1.6 litre.

What do you say? Will the Logan Edge be successful in facing the current situation? Will the car beat its ancestor, the Logan?

Labels: Car-features, Car-prices, Mahindra-Renault-Logan

 

posted by Carazoo.com @ Monday, July 28, 2008 4 Comments

Drive will Soon Become Costlier

The news is all around that car drive will soon become costlier by the end of this month. The joy of rising and driving your dream car will now pinch your pocket as well as your heart.

The lifetime Motor Vehicle (MV) tax has increased by 2%. This means another addition in the car costs. Cars will really become costlier and make a hole in your pockets. If you really don’t want to repent afterwards, then go ahead and buy a car now.

Two-wheelers owners can relax because they have been spared. The taxes are increased only for cars and other automotives. After a rise of 2%, the tax on cars pricing below 5 lakh have increased from 10 to 12%, for vehicles between the price tag of Rs 5 lakh and Rs 10 lakh have increased from 11% to 13% and tax for those costing more than Rs 10 lakh is increased by 14% to 16%.

Some of your favorite cars will really become costly. After the increase in road tax, the ex-showroom price of Maruti Alto will be around Rs 2, 83,699; Maruti Swift will be priced around Rs 4, 42,201; Maruti SX4 around Rs 6, 67,054; Hyundai Santro around Rs 3, 49, 658 and Honda City will be priced at Rs 11, 06,000.

This move is expected to earn revenue of around Rs 100 crore per annum for the government, so a good profit for the government but what about the car buyers who will again move back from their car purchase.

The government desires to use this earned revenue for developing the infrastructure and roadways of the country. The cause is wise but is it good to pass the burden on car buyers?

Labels: Car-prices, new cars, Tax on Cars

 

posted by Carazoo.com @ Wednesday, July 23, 2008 3 Comments

Small Cars Cost May Go Up

Small cars going higher! Tata is still uncertain about maintaining the cost price of the Nano at a tag of Rs 1 lakh because of the hike in crude and steel prices. With this uncertainty of Tata, Bajaj Auto and Renault-Nissan also announced a further increase of their small car that is about to roll out on Indian roads in 2011.

Most of us were glad when Bajaj announced the launch tag price as Rs 1 lakh. But now the price is expected to increase to about Rs 1, 20,000 during the commercial launch.

Everyone is waiting to drive one low-cost car but now dreams are shattered because no car will launch with the ex-showroom price of Rs 1 lakh. Wish the prices could reduce but again that’s a dream.

Labels: Car-prices, Small-Cars

 

posted by Carazoo.com @ Wednesday, June 18, 2008 0 Comments