FED update:
Cars up to 1000 cc engine displacement to have 2.5% FED
Cars up to 2000 cc engine displacement to have 5% FED
Cars of engines bigger than 2000 cc to have 7.5% FED.
10% FED which was on 1700cc and above is reduced now to 5% but FED applies all across the auto industry like even below 1700cc after budget. Means 1700cc and lower will see increase in price.
Expect Cultus, City, Wagon R, Alto , Bravo and any other local assembled cars increased prices soon.
Although FED reduction might reduce the price of 1700cc and above [ 1800cc Corolla , 1800 cc Civic ], a true price reduction might not show up on price tag as the dollar increased as well recently and car makers were waiting for budget to evaluate pricing . Basically, a consumer " MIGHT " not see any price reduction at all as in case of 1.8L Corolla or 1.8L Civic while all other cars below 1700cc for sure will go up in price.
More details later.
fw@pw