The Indian car market is currently experiencing a significant inventory buildup, leading to attractive offers and discounts for customers looking to purchase a new vehicle. This surge in unsold stock is a result of factors such as delayed customer purchases, poor consumer sentiments, and heavy rains, which have impacted retail sales.
OEMs Offer Lucrative Deals
To stimulate sales and clear the inventory, original equipment manufacturers (OEMs) are providing substantial discounts on various models. These discounts often include cash benefits, additional offers on accessories, and even free extended warranties.
Popular Models and Discounts
Here are some of the popular models currently available with attractive discounts:
| Model | Benefits (up to) |
| Maruti Suzuki Alto K10 | Rs 61,402 |
| Maruti Suzuki WagonR | Rs 63,100 |
| Maruti Suzuki Swift | Rs 57,100 |
| Maruti Suzuki Brezza | Rs 42,000 |
| Maruti Suzuki Baleno | Rs 57,100 |
| Maruti Suzuki Fronx | Rs 40,000 + Velocity kit worth Rs 43,000 |
| Maruti Suzuki Grand Vitara | Rs 1.23 lakh + Free 5-year extended warranty |
| Hyundai Grand i10 Nios | Rs 48,000 |
| Hyundai Aura | Rs 43,000 |
| Hyundai i20 | Rs 45,000 |
| Hyundai Exter | Rs 32,972 |
| Hyundai Venue | Rs 70,629 |
| Tata Nexon | Rs 80,000 price cut |
| Tata Harrier | Rs 1.60 lakh price cut |
| Tata Safari | Rs 1.80 lakh price cut |
| Mahindra Bolero | Rs 86,500 |
| Mahindra Bolero Neo | Rs 1.34 lakh |
| Mahindra Thar | Rs 1.55 lakh |
| Mahindra Scorpio Classic | Rs 1.20 lakh |
| Mahindra Scorpio-N | Rs 50,000 |
| Honda Elevate | Rs 75,000 |
| Honda City | Rs 1.14 lakh |
| Volkswagen Taigun | Rs 1.20 lakh |
| Volkswagen Virtus | Rs 1 lakh |
| Renault Triber | Rs 50,000 |
| Renault Kwid | Rs 40,000 |
Festive Season Offers
With the festive season approaching, car dealerships and OEMs are expected to introduce even more attractive deals to boost sales. Customers can anticipate additional discounts and offers during this time.
Time to Buy?
Given the current market conditions, now might be an ideal time for potential car buyers to take advantage of the substantial discounts being offered. With high inventory levels and a competitive market, customers can negotiate for better deals and find the perfect vehicle at a favorable price.
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