With renewed economic sentiments coupled with the festive season coming soon, major car manufacturers including Maruti Suzuki India, Hyundai motors, Tata Motors are offering various schemes, including discounts of up to Rs. 37,000 to push up the sales.
Market leader Maruti Suzuki India (MSI) is offering cash discounts, ranging from Rs.5,000 on its Hatchback Celerio to Rs.35,000 on entry level Alto800.
“Customers are already responding very positively to our current sales promotion schemes and booking is seeing an uptrend. For the forthcoming festive season the excitement has begun,” MSI Executive Director (M&S), RS Kalsi told PTI.
Rival Hyundai Motor is offering the maximum discount of Rs.37,000 on its entry-level model Eon, followed by i10 and Grand i10 (Rs .7,000 each). The carmaker is also offering a discount of up to Rs.28,000 on compact Sedan Xcent and Rs.15,000 off on mid-size sedan Verna. There are no discounts on high selling models i20 and recently launched compact sports utility vehicle Creta.
Nissan Motor India Pvt. Ltd, subsidiary of Japan company Nissan Motor Company is offering a wide range of discounts on select variants of the Terrano, Sunny and the Micra.
General Motors is offering exchange bonus of Rs.20,000 on Beat and Rs.30,000 exchange bonus on Cruze. It is further giving off on other models like Sail (hatchback and sedan), multi-purpose vehicle Enjoy and Tavera.
Tata Motors is offering benefits of up to Rs 48,000 on the Indigo eCS; the Indica eV2 comes with benefits of up to Rs 45,000; you can buy the Nano and save up to Rs 45,000.
India kicks off its two-month religious festive period on Monday, a time considered auspicious to buy big-ticket items such as cars, and when promotions abound, Company executives say they see the Reserve Bank of India’s unexpectedly sharp 50 basis points cut last month as a lifeline.
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