The reason for India to Vietnam car prices so cheap port for its goods in taxable goods imported low compared with other countries have participated by Vietnam Free Trade Agreement ASEAN - India Dirty. Whether CARS fall in commodities has high sensitivity (HCL) in tariffs, but import duties for cars is only 68% water. This is also a competitive advantage compared to other countries by the ex-factory price was very cheap.
Tourist cars small Indian import price at the port of just over 154 million / units are topping the imported automobile market in Vietnam 7/2016 month.
According to the General Department of Customs, the import of CBU cars in July according to the type of major markets with large differences in the number and composition of items. In July of total imports, Thailand remains the largest car exporter in Vietnam with more than 3,700 units, followed by South Korea with more than 2,000 units, with 1,800 units India.
If by the end of the month 7/2016, Thailand remains the partnership's largest car exporter in Vietnam with more than 18,800 units, 2nd Korea with nearly 12,000 units 3rd and India, China together with over 7,900 units ...
However, in terms of the structure of imported cars, the son of Indian cars dominate the top spot with an output of 7,500 units (95% of total imports of cars - 7,900 units). It is noteworthy that the average import price is about $ 7,000 at the port / unit (equivalent to approximately 154 million).
According to the port import price (CIF price, excluding taxes and charges in Vietnam) of cars from India, the domestic price of this car is the cheapest on the Vietnam market, much cheaper than the price of imported cars from Thailand, with an average price of about $ 18,218 / unit (400 million).
Although, there are pretty cheap price when imported to Vietnam, but when the pressure of taxes and charges when entering the Vietnam market, the Indian car lowest sold at about 300 million.
Currently, these models are imported from India, many consumers choose not to mention Hyundai Grand i10 (both sedan and hatchback), i20 acitve and Cretaceous ... Besides, many other cars like Ertiga, Renault kwid ... produced in India are also attractive to customers in the country.
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