Following the surprise reduction in excise duty and the subsequent lowering of prices, car dealers are seeing a jump in the enquiries for revised prices, raising hopes that overall sales will go up.
A Hyundai Motor India dealer in South Mumbai claims that the enquiries have gone up significantly over the last three days, mostly from prospective buyers interested in the entry-level hatchback and the sedan segment.
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“We are anticipating a spurt in walk-in during the weekend as in the last three days we have received over 100 calls for the revised price list,” said the dealership manager on condition of anonymity as he is not authorised to speak with media.
Hyundai passed on the full excise benefit and lowered prices between R10,000 and R135,000 range on Wednesday. According to the revised price list, Hyundai’s base model for Eon, its entry-level hatchback, will see an excise cut of R24,000, bringing the car’s on-road price in Mumbai to R37,5845.
Honda Cars India dealers, too, claim a surge in enquiry calls focused mostly on the diesel variants of the company’s entry-level sedan Amaze and the recently-launched premium sedan City.
Honda has lowered prices between R14,650 and R44,741.
Skoda, on the other hand, is luring buyers with an excise reduction of about R25,000, in addition to the discount of R1-lakh on its sedan Rapid.
While most dealers are still waiting for the final price list, they are creating database to update buyers instantly.