Ford EcoSport price will not be affected: Budget 2013
Budget 2013 has come as a shock to car manufacturers in India as it has slapped the SUV segment with a hike in excise duty. This move will not affect the price of Ford EcoSport SUV, which is one of the most awaited car of 2013. Read on to find out why.
India is awaiting the launch of Ford EcoSport. Though Ford India has not said anything officially on the price of EcoSport, reports suggested that the price of EcoSport could start from INR 5.99 lakhs. The EcoSport SUV is 4228mm in length and has a ground clearance of 200mm, but thanks to its engine, which does not exceed the 1500 cc capacity, it will be saved from getting taxed 30% excise duty.
Auto manufacturers are already selling their products on least possible margins, and such increase in duties will only see manufacturers passing on the burden to the consumers. Joginder Singh, president and managing director, Ford India, expressed his displeasure over Budget 2013 increasing excise duty.
One thing is for certain that the budget 2013 will affect prices of best selling SUVs in India to such an extent that consumers could see the prices of their favorite cars like XUV500, Innova and Scorpio shoot up by INR 60k.
UPDATE: The article has been updated. Thanks to Arun and Sunil.