Luxury carmakers such as Toyota, BMW, Honda, and Mercedes-Benz will now import vehicles only against confirmed bookings. The customers will have to wait for at least three months before they drive home their imported luxury cars.
Cars such as BMW’s 7 Series sedan and Sports Activity Vehicle (SAV) X6, Mercedes-Benz’s SLK Class and SL Class cars, Honda CR-V, Mitsubishi’s Montero and top end luxury SUV’s of Toyota will now at least take up to three months time before it gets delivered to its customer.
“The changes in currencies have worked against imports. It led to an increase of almost Rs 3 lakh in the price of a CR-V forcing us to change our policy and to bring cars for a few guaranteed bookings,” said Masahiro Takedagawa, president and chief executive of Honda Siel Cars India.
The sales of the high-value sedans and SUVs are affected by the slow-paced domestic market and global downturn resulting in a fall of 22% in the first three months of the fiscal year.
The customers of Bentley and Rolls Royce have to wait more time before they drive their imported cars.
General Motors’s Captiva SUV will be imported only after the customers pay for the vehicle.