Festive Season Discount On Cars: If you are thinking of buying a car in the coming festive season, then there is good news for you. Automobile companies are preparing to give big discounts to increase their sales during the festivals. In fact, where the wholesale sales have increased, the retail sales have been less in the last four months. In order to increase the sales, huge discounts can be available on the vehicles during the festivals of this year.
inventory reduction pressure
A large number of vehicles are stocked with the dealers. In the beginning of this year, Maruti Suzuki’s inventory was 1,20,000, which has now increased to more than 2 lakhs. The waiting period of many vehicles is very long and some of them have more supply than demand. Vehicles whose demand is very high, their demand is expected to increase further during the festive season. In such a situation, companies can give more discounts to entice customers.
Concern increased due to decrease in sales
According to FADA, there has been a decline of 4.6 per cent in retail sales in the month of July. In such a situation, companies are considering giving more discounts to increase sales. In which Maruti Suzuki, Hyundai, Tata Motora and Mahindra & Mahindra can offer huge discounts on their entry models and less popular vehicles. In the festive season, Maruti Suzuki can offer good discounts on its Alto 800, S-Presso, WagonR and Brezza.
Know how much discount is currently available
By the way, companies are still offering huge discounts to reduce inventory. At present, Hyundai is offering discounts on many of its vehicles along with exchange benefits, with an interest ranging from Rs 13,000 to Rs 50,000. Discounts are available on Hyundai’s Santro, i10 NIOS, Aura, i20, Scent and Kona EV. Maruti Suzuki is offering discounts ranging from Rs 9,000 to Rs 40,000 on S-Presso, Alto 800, Swift and Celerio. Tata Motors is offering discounts ranging from Rs 20,000 to Rs 40,000 on its different models. Mahindra and Mahindra is also offering discounts on the XUV300, Bolero, while Renault and Toyota are also offering discounts from now on.