Hyundai Motor India, the country’s largest exporter and the second largest car manufacturer would be increasing the prices of its products by up to 1.2% across all models, from the 1st of September 2010. This increase is attributed to the increase in input costs.

Announcing the hike in prices, Mr. Arvind Saxena, Director, (Mktg. & Sales) Hyundai Motor India Ltd said, “There has been an increase in the input costs for car manufacturers. We have tried to absorb as much of the cost as we can, to cause as less inconvenience as possible to our valued customers.”

Tata Motors had confirmed earlier that the company would pass on the benefit of the reduction in CENVAT to customers, for both passenger vehicles and commercial vehicles.

Effective December 8, the cut in prices are as follows:

Passenger Vehicles:
Passenger Cars (Indica and Indigo family): Between Rs. 12,000/- to Rs. 23,000/- depending on the model.

Utility Vehicles (Safari and Sumo family):

Between Rs. 16000/- to Rs. 36000/-, depending on the model.
The new prices along with the Schemes as applicable are available at all Tata Motors outlets, across the country.

Commercial Vehicles:
Light Commercial Vehicles: Between Rs. 17,000/- to Rs. 23,000/-.
Medium &Heavy Commercial Vehicles: Between Rs. 30,000/- to Rs. 60,000/-.

Hyundai Motor India Ltd, India’s largest passenger car exporter and the second largest car manufacturer, today announced that the special scheme for the state and central government and PSU employees which was launched during the month of October 2008, has been extended till December 2008 looking at the huge success of the scheme. This scheme is in addition to the special schemes already prevailing for its customers.

The Government employees scheme is even more value added as the discounts offered under the special scheme which was recently announced have increased. Under the scheme, there are special pricing, attractive finance options, etc to enable the government employees to own a Hyundai car. And this is in addition to the full benefit of the reduction of 4% in Excise duty which has also been passed on to the customers.

This scheme is applicable on the entire product range of Hyundai products and there are attractive exchange and loyalty schemes as well. Government employees can avail the exchange benefits up to Rs. 20,000 on all the above cars.

Hyundai has tie-ups with State Bank of India, Axis Bank and HDFC Bank to provide with attractive finance schemes for the government employees for their vehicle purchase. The promotional activities and State Bank of India’s active participation proved vital for the scheme’s success. On the announcement of the scheme, Arvind Saxena, Sr. Vice-President for Marketing & Sales, HMIL, said: "We value the government employees and are pleased with the tremendous response that we have received from them. The scheme announced will provide the government employees with an attractive value for money proposition. We have extended the scheme so that more and more government employees can be benefited “

Government Employee Scheme (December 2008):

Model	Customer Value	Exchange / Loyalty	Total Offer
Santro GL	Rs 24,738		Rs 24,738
Santro GLS	Rs.27,673	Rs.7,500	Rs 35,173
i10 1.2 Sportz	Rs 18,702	Rs.7,500	Rs 26,202
Getz Prime	Rs.16,280	Rs.10,000	Rs 26,280
Accent	Rs.12,200	Rs.10,000	Rs 22,200
Verna	Rs.26,660	Rs.20,000	Rs 46,660

Honda Siel Cars India, leading manufacturer of premium cars in India, today announced a reduction in the price of its production models by Rs 19,000 to Rs 31,000, except the Honda CR-V, which is a fully imported unit.

The prices have been revised following the reduction in Central Value Added Tax (CENVAT). The new prices will be effective from December 8, 2008.

Commenting on duty reduction and other economic measures announced by the government on Sunday, Mr. M. Takedagawa, President & CEO, Honda Siel Cars India, said, “We welcome this move by the government. The reduction in duty will give the necessary boost to consumer demand and fuel growth in the Indian economy. We feel it will also arrest the negative growth in the automobile sector. We are happy to pass on the benefit of the duty reduction to our customers with immediate effect.”

HSCI was considering a price increase for Honda cars from January 2009, due to cost of imports because of the weakening of the rupee against dollar and Yen. While the price increase on all the production models has been postponed for the time being, the CR-V prices will be increase by at least Rs 1 lakh with effect from the first week of January 2009.

The variant-wise ex-showroom, Delhi, price of City, Civic and Accord is as follows:

Price Change : Summary		W.E.F : 8th Dec 2008
Type		Ex-Showroom (Delhi)
		Current	New	Differences
City	EMT	770,000	751,000	-19,000
	SMT	820,000	799,900	-20,100
	SAT	890,000	869,000	-21,000
Civic	VMT	1,216,000	1,187,000	-29,000
	VAT	1,286,000	1,255,000	-31,000
Accord	MT	1,699,000	1,672,000	-27,000
	AT	1,774,000	1,746,000	-28,000

Car market leader Maruti Suzuki India Limited has passed on the full benefit of excise duty reduction to customers. This follows the announcement by the Union Government for reduction in CENVAT for all cars by 4 per cent, on Sunday 7th December 2008. The new prices come into effect from midnight of 7th December 2008.

The company has announced price reduction in all 11 car models that are manufactured in company¿s plants in Gurgaon and Manesar.

After passing on the complete duty reduction benefit, the price reduction (Ex showroom Delhi prices) ranges from Rs 6,500/- for Maruti 800 to Rs 23,000 for the top-end SX4 sedan. There is no change in prices of Grand Vitara, as it is not impacted by CENVAT changes.

Previously, in February 2008, upon announcement of reduction in excise duty on small cars from 16 per cent to 12 per cent, the company had passed on the full benefit to the customers.

Following are the revised prices of some Maruti vehicles:

Model	Variant	CURRENT Ex-showroom DELHI Price	REVISED Ex-showroom DELHI Price	CHANGE in Ex-showroom DELHI Price Rs
M800	M800 Std	193,561	186,968	(6,593)
M800	M800 Std Ac	213,856	206,526	(7,329)
M800	M800 UNIQ AC	219,005	211,488	(7,516)
OMNI	Omni 5	222,076	214,454	(7,622)
OMNI	Omni Cargo LPG	201,868	195,042	(6,827)
OMNI	Omni E	223,949	216,259	(7,691)
OMNI	Omni LPG	233,366	225,334	(8,032)
ALTO	ALTO Lx	266,695	257,528	(9,167)
ALTO	ALTO Lxi	284,527	274,713	(9,814)
ALTO	ALTO Std	234,752	226,724	(8,028)
New Zen	New Zen Lxi	344,056	332,207	(11,849)
New Zen	New Zen Vxi	368,146	355,485	(12,661)
New Zen	New Zen Lxi Limited	368,810	356,063	(12,747)
WagonR	WagonR Lx	326,084	314,917	(11,167)
WagonR	WagonR Lx LPG	343,538	331,738	(11,800)
WagonR	WagonR Lxi	349,808	337,781	(12,027)
WagonR	WagonR Lxi LPG	370,123	357,359	(12,764)
WagonR	WagonR Vxi	372,631	359,838	(12,793)
A Star	A Star Lxi	350,000	337,844	(12,156)
A Star	A Star Vxi	378,000	364,828	(13,172)
A Star	A Star Zxi	415,000	400,608	(14,392)
SWIFT	Swift Ldi	477,971	461,327	(16,644)
SWIFT	Swift Lxi	399,990	387,532	(12,458)
SWIFT	Swift Vdi	512,831	494,964	(17,868)
SWIFT	Swift Vxi ABS	463,832	449,323	(14,509)
SWIFT	Swift Vxi	444,175	430,308	(13,866)
SWIFT	Swift Zxi	525,101	508,625	(16,475)
D'ZIRE	D'zire Lxi	468,556	453,857	(14,699)
D'ZIRE	D'zire Vxi	516,097	499,879	(16,217)
D'ZIRE	D'zire Zxi	608,197	589,005	(19,192)
D'ZIRE	D'zire Ldi	557,674	540,058	(17,615)
D'ZIRE	D'zire Vdi	603,234	584,165	(19,069)
D'ZIRE	D'zire Zdi	687,412	665,628	(21,784)
SX4	SX4 Vxi	655,581	635,829	(19,752)
SX4	SX4 Zxi	725,885	703,832	(22,053)
SX4	SX4 Zxi leather	760,542	737,355	(23,187)
GYPSY	Gypsy King Amb	535,106	518,116	(16,989)
GYPSY	Gypsy King HT	531,724	514,772	(16,952)
GYPSY	Gypsy King ST	512,573	496,247	(16,326)
VERSA	Versa Dx2 5s	487,106	471,914	(15,193)
VERSA	Versa Std	377,457	365,852	(11,605)

The Union Government yesterday announced the fiscal stimulus package which brought down the Cenvat applicable to automobiles and other non petroleum products by 4% which will provide the much needed stimulus to the Indian automobile industry.

Hyundai Motor India the country’s second largest passenger car manufacturer and the largest exporter which offers a full range of cars starting from the compact to the premium luxury cars and it will offer its customers the full benefit of the this reduction in Cenvat and has subsequently revised its prices on the entire range of products which are manufactured here and directly affected by this change in Cenvat rate. The price of the SUV Tucson however remains unchanged as it is imported as a Completely Built Unit (CBU).

The competitive price of Hyundai cars are set to become even more competitive after this announcement from the Union Government and the prices of the flagship model Santro would drop by Rs 8,834 for the non AC model while the top end luxury car Sonata will see a price drop of as much as Rs 44,792.

The price changes will be effective immediately.

New Price and savings on each model:

Model	Current Price (Rs.)	New Price (Rs.)	Saving (Rs.)
Santro ( Non AC)	265,132	256,299	8,834
Santro (GL)	332,794	321,738	11,057
Santro (LPG) GLS	373,357	360,865	12,492
i10 (Delite)	337,174	325,927	11,247
i10 (Sportz)	426,869	412,520	14,349
i10(Asta AT)	543,644	525,263	18,381
Getz (GLE 1.1)	394,089	380,675	13,413
Getz (GLX 1.3)	498,548	483,298	15,251
Getz (GVS CRDi)	564,548	545,126	19,422
Accent	499,904	484,364	15,540
Verna (i)	649,190	629,566	19,625
Verna (CRDi SX ABS)	836,544	810,370	26,174
Sonata (MT)	1,238,562	1,200,556	38,006
Sonata (CRDi AT)	1,447,014	1,402,223	44,792

All the above prices are Ex-showroom, Delhi

Hyundai Motor India Ltd. announced special schemes for its customers during the month of December. As part of the scheme, Hyundai is offering free insurance, exchange bonuses and free car accessories on the purchase of Hyundai cars. The flagship model Santro which was launched in 1998 will be available under this scheme at the ten year old, introductory price of Rs 2.99 lakhs.

Hyundai Motor India Ltd has launched the scheme on its entire product range, namely, Santro (GS/GLS/Non-AC), i10 (all variants), Getz (Petrol), Accent (GLE), Verna (Petrol and Diesel). All Santro GL (Solid) purchases will get a special price of Rs. 2, 99,000. Santro Non AC, Santro GLS and i10 buyers will be eligible to get free insurance as well as car accessories worth Rs.7, 000, Rs. 15,000 and Rs. 5,000 respectively.

There are some interesting exchange schemes as well. Hyundai customers can avail the exchange benefits up to Rs. 20,000 on all the above cars. Also, a loyalty scheme has also been announced where in existing Hyundai customers can avail the loyalty discounts up to Rs.20,000 on purchase of new Hyundai Getz (Petrol), Accent (GLE), Verna (Petrol and Diesel) .

On the announcement of December schemes, Hyundai Motor India Ltd, Senior VP, Marketing & Sales, Mr. Arvind Saxena said, "We at Hyundai Motor India are committed to provide the best of benefits to our customers who are already a part as well as new members of of the Hyundai family. The schemes announced will provide our customers with an attractive value for money proposition and with the prevailing economic conditions this should provide an impetus for our sales and offset a part of the ownership cost which has gone up considerably in the past few months.”

Model	Offer	Accessories	Customer Value	Exchange	Loyalty (If Exchange not Applicable)
Santro GL (Solid)	Rs. 2,99,000/- special price	--	Rs.33,794	--	--
Santro Non AC	Free Insurance +	Rs 7,000/- worth Accessories	Rs.15,573	Rs. 7,500	--
Santro GLS	Free Insurance +	Rs 15,000/- worth Accessories	Rs.26,000	Rs. 7,500	--
i10	Free Insurance +	Rs 5,000/- worth Accessories	Rs.18,100	Rs. 7,500	--
Getz (Petrol)	Free Insurance +	--	Rs.13,200	Rs. 10,000	Rs. 10,000
Accent	MP3 Player + Two Front Speakers	--	Rs.7,200	Rs. 10,000	Rs. 10,000
Verna (Petrol)	Free Insurance +	--	Rs.24,270	Rs. 20,000	Rs. 20,000
Verna (Diesel)	Free Insurance +	--	Rs.23,874	Rs. 20,000	Rs. 20,000

Hyundai Motor India Ltd, India’s largest passenger car exporter and the second largest car manufacturer, today announced that the special scheme for the state and central government employees which was launched during the month of October 2008, has been extended till November 2008 looking at the huge success of this scheme. HMIL sold 3000 units under the scheme, which is almost three times the normal month’s sale to government employees. Under the scheme, there are special pricing, attractive finance options etc to enable the government employees to own a Hyundai car.

In view of the fact that government employees are due to receive the arrears of their salaries after revision in the Sixth Pay Commission, the arrears can be utilised as down payment for purchase of the car and the revised salary increment will help them to accommodate their monthly EMI’s.

Hyundai has tie-ups with State Bank of India, Axis Bank and HDFC Bank to provide with attractive finance schemes for the government employees for their vehicle purchase. The promotional activities and State Bank of India’s active participation proved vital for the scheme’s success.

On the success of the scheme, Arvind Saxena, Sr. Vice-President for Marketing & Sales, HMIL, said: "We are pleased with the tremendous response that we have received from the Government Employees who undoubtedly feel that this is a good value for money option. We have extended the scheme as we feel that there are many people who fall under the scheme but have not been able to avail of this within the limited period of time”

Model wise discount on ex-showroom price:

Model	Discount
Santro Non AC	Rs.17,000
Santro GL/GLS	Rs.22,000
i10	Rs.10,000
Getz 1.1	Rs.22,000
Getz 1.3	Rs.27,000
Accent Executive	Rs.12,000
Verna Petrol &Diesel)	Rs.31,000

The India’s largest car manufacturer "Maruti Suzuki India" has hiked prices of its selected models by up to Rs. 6,000 on Diwali.

In an officially meeting a spokesperson said that the prices have been increased between Rs. 2,000 to Rs. 6,000.

Here is the list of following models of hike prices:

Model	Hike Prices
M800	Rs. 2,000
Alto	Rs. 2,500
Zen Estilo	Rs. 3,000
WagnoR	Rs. 3,000
Omini Van	Rs. 2,200
SX4	Rs. 6,000
Versa	Rs. 3,500
Gypsy	Rs. 5,500
Swift’s selected variant	Rs. 4,500

The Company registered a Net Sales of Rs. 48,063 million (Net of Excise) during the second quarter (Q2) of fiscal 2008-09. The company had posted Net Sales of Rs. 45,297 million (Net of Excise) over the same period last year. Net sales reflected a growth of 6.1 per cent.

Net Profit for Q2 2008-09 was Rs. 2,961 million, as against Rs. 4,665 million in the same period last year. The reduction in Net Profit has been mainly due to a rise in material costs, adverse impact of currency changes and a higher provision for depreciation, owing to more stringent depreciation norms adopted by the company in March 2008.

First half

Net Sales (Net of Excise) for the first half (H1) of the fiscal (Apr-Sept 2008) were Rs. 95,373 million, a growth of 13 per cent compared to the same period of the previous year. Net Profit for H1 08-09 stood at Rs. 7,620 million, compared to Rs 9,661 million in the same period last year.

Honda Siel Cars India has decreased prices on its best selling sedan City ZX and Civic upto Rs. 5,000. It has effectives from first of June, 2008. Mid-sized sedan City will be cheaper by Rs 3,000, while Civic will be cheaper by Rs 5,000.

Before the cut, City was priced between Rs 6.80 lakh and Rs 8.65 lakh, while Civic cost between Rs 10.91 lakh and Rs 12.41 lakh.

"We have received notification from the government on the central sales tax cut from 3% to 2% announced in the Budget. Hence we are reducing the prices of our models City and Civic to pass the benefit to consumers," a Honda Siel Cars India official said.

Everybody has surprised to know that Honda has cut prices of those sedan models, while the all makes are increasing prices like India number one make Maruti Suzuki India had increased prices upto Rs. 18,000 and second largest manufacturer Hyundai Motor India also going to increase prices this week.

The Maruti Udhyog Ltd. India’s largest car maker and it has raised prices almost for the all models. The hike price rang from Rs. 1,000 to Rs. 18,000.

Maruti Models	Increased Prices
800	Rs. 1,500
Zen Estilo	Rs. 1,000
Omni	Rs. 2,000
WagonR	Rs. 2,000
Swift petrol	Rs. 9,000
Swift Diesel	Rs. 15,000
SX4	Rs. 9,000
Versa	Rs. 8,000
DZiRE (Both Petrol & Diesel)	Rs. 18,000

Maruti slashed the prices of a few models in February-end after the government diminished the excise duty on small cars to 12 percents from 16 percents.

Hyundai the second-biggest car maker and General Motors will review prices by the month-end while Honda has already raised Civic's; Mahindra & Mahindra has increased the prices of its vehicles by up to 2.5 percents during the last week.

Hi! Friends this is important information for all of you that if you are planning to buy any car in couple of month then please go ahead because the all makes are going to increase prices. So this is the right time for car buyers.

While no car company is categorical about how much they’ll raise prices, sources said they are thinking about a two to three per cent hike. This means, a Rs 3 lakh car could cost Rs 6,000 to Rs 9,000 more.

Maruti Suzuki sources said the company plans to announce a hike soon, as is Honda. However, Honda officials said it was too early to comment. A Tata Motors spokesperson refused to say whether they would raise prices.

The price of cold rolled steel, used in car bodies, has risen by Rs 12,000 per tonne over the last year. Hot rolled steel, used in other parts, rose recently by Rs 5,000 a tonne.

At least Honda Siel Cars India today (22^nd April-2008) said it will increase the prices of its two Sedans City and Civic between Rs 5,000 and Rs 10,000 by next month.

A company official said the rising steel prices and other input costs have put immense pressure, which the company has been trying to absorb.

"But it has reached a stage where we have to pass on a part of it to the customers," the official said.

The quantum of increase could be between Rs 5,000 and Rs 10,000 across different variants of the two models, the official said, adding the exact amount was being worked out.

Already two wheeler maker Hero Honda has officially announced a price hike of Rs 500-1,000 across its various products.

Actually many car experts says for car buyers that February mid to April mid are the best time for car purchase.

From Economictimes

Much to the delight of prospective small car buyers, leading manufacturers Hyundai Motor India and General Motors today said they would slash prices by up to Rs 16,000 to pass on benefits from the excise duty cut announced in the Budget.

Finance Minister P Chidambaram, in his Budget speech, has proposed to cut excise duty from 16 per cent to 12 per cent on small cars.

"We have decided to pass on the benefit of the excise duty cut to customers on three models--Santro, i10 and the Getz-- effective April 1," a Hyundai official told reporters.

The price cut on Santro could be between Rs 12,000 and Rs 14,000, while that on Getz would be between Rs 14,000 and Rs 16,000.

Price cut on the newly launched i10 could be between Rs 12,000 and Rs 16,000, the official added.

General Motors is also cutting he price of its small cars Spark and Aveo U-VA.

"We will be cutting the prices of our small cars between Rs 7,500 and Rs 14,000," GM India Vice-President P Balendran said.

Maruti Suzuki will also slash prices on all its six models that qualify for lower excise benefit including Maruti 800, Omni, Zen, Wagon R, Swift Diesel and Alto. The reduction would range between Rs 6,500 for Maruti 800 to Rs 18,030 for Swift Diesel (ex-showroom Delhi).

Tata Motors is reducing Indica and Indigo base prices by Rs 13,000.