The 2014 interim budget brought with it a wave of relief for automobile manufacturers in our country. The Finance Minister, P Chidambaram reduced the excise duty levied on small cars, two-wheelers and commercial vehicles to 8 percent from the earlier 12 percent. The excise duty on mid-size saloons was slashed to 20 percent from the previous 24 percent. While the SUV segment has received the biggest duty cut of six percent. Before the interim budget, SUVs attracted an excise duty of 30 percent.
Post the reduction, most manufacturers went on a price-cut spree, slashing prices across their product ranges.
Maruti
Maruti has reduced prices of its small car the Alto 800 by around Rs 7,000-10,000 across all variants. The Alto 800 now starts from Rs 2.75 lakh for the base variant and goes up to Rs 3.97 lakh for the LXi CNG trim. The Alto K10 is cheaper by Rs 9,000 with the LXi variant priced at Rs 3.59 lakh, while the VXi trim costs Rs 3.73 lakh.
The recently launched Celerio has received a price cut too. The Celerio range now starts at Rs 4.2 lakh and goes up to Rs 5.33 lakh for the top ZXi (O) MT variant. The Celerio AMT variants are now priced at Rs 4.63 lakh for the LXi trim and Rs 4.95 lakh for the VXi trim.
Maruti's popular MPV now starts at Rs 6.44 lakh for the petrol trim, while the diesel range starts from Rs 8.34 lakh. Overall, the Ertiga has become cheaper by around Rs 20,000-34,000.
The Ritz petrol is priced from Rs 4.74-5.74 lakh as opposed to its earlier price range of Rs 4.9-5.94 lakh before the duty cut. The petrol variants are cheaper by around Rs 16,000-20,000. The diesel Ritz variants are now priced from Rs 5.94-7.14 lakh, which is around Rs 20,000-25,000 lower.
The Swift petrol range now starts at Rs 4.95 lakh instead of the earlier Rs 5.12 lakh. The diesel range is now priced from Rs 6.15 lakh to Rs 7.77 lakh. The Swift ZDi is now cheaper by around Rs 27,000.
Maruti has slashed prices across its Dzire range by around Rs 19,000-30,000.
The Wagon R has become cheaper by around Rs 9,000-13,000 across variants, while the Wagon R Stingray has received a price cut of Rs 12,000-14,000.
(all prices, on-road Delhi)
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Hyundai
The Hyundai Grand i10 petrol range now starts at Rs 4.66 lakh (on-road, Delhi) for the base Era trim, so that's Rs 7,000 you're saving. The top Asta AT trim now retails for Rs 6.31 lakh (on-road, Delhi) which is a savings of around Rs 13,000. Even the middle variants of the Grand i10 petrol are now cheaper by around Rs 8,000.
The Grand i10 diesel range has become cheaper by around Rs 11,000-13,000. The top Asta trim has received the largest cut - Rs 16,000 - and now retails for Rs 7.14 lakh (on-road, Delhi).
Hyundai has lowered prices of the i20 by around Rs 19,000-23,000 depending on the variant.
The Elantra's base petrol S trim is now around Rs 10,000 cheaper and is priced at Rs 14.53 lakh. The top petrol SX automatic is cheaper by around Rs 16,000. You stand to save between Rs 12,000-18,000 depending on the trim on the diesel Elantra.
The Sonata MT is now cheaper by Rs 28,000 and costs Rs 21.31 lakh. While the price of the automatic transmission variant has been reduced by Rs 35,000 to Rs 23.60 lakh.
(all prices, on-road Delhi)
