The Indian auto industry is facing a slump as customers shy away from buying vehicles due to high fuel rates, increased commodity prices and slowing down of the Indian Economy. Now auto makers in an attempt to revive sales are offering up schemes and discounts on their cars. This can only come as good news for those who are planning to buy cars. Here are some of the best offers one can currently avail for:
Maruti: Maruti is now offering customers of its small car Alto 800 a freebie package worth Rs 30,000, that’s a 12.5% rebate on the ex-showroom price of the car. Also the company is offering a three-day paid trip to select holiday destinations in India. The trip can be availed by paying a sum of just Rs 1,399.
Volkswagen: Volkswagen in order to boost sales allows you to pay only half the value of the Vento sedan at the time of purchase, while the balance amount can be paid in the following year.
Honda: With ailing sales of petrol vehicles in the Indian market, Honda is one of the few brands that doesn’t have a diesel powered offering. This has led to poor sales for the company prompting Honda to offer loans for the Brio and City at 0.01% interest. Honda is also offering a loyalty bonus of up to Rs 20,000 a car to anyone owning a Honda branded motorcycle or scooter.
Toyota: Recently the company became the fourth largest car manufacturer in India, stealing the place from Tata motors. The company plans to continue its winning streak and is offering to share the first three EMIs with customers of its Etios.
Nissan: The launch of Nissans MUV, the Avalia just came at a bad time in the Indian market. The car will even attract the new SUV tax, courtesy Budget 2013. In order to salvage any sales of the car, Nissan is offering a cash discount of Rs 30,000 on it.
Chevrolet: General Motors sales in India fell by nearly 7% this year. Chevrolet’s launch of the Sail U-VA didn’t really seem to make impact among buyers. Now Chevrolet is waving Rs 20,000 off the price tag of its U-VA hatchback to boost sales.
Skoda: Sales of Skoda have been constantly dropping, recording a reduction in sales of nearly 500 units from December 2012 to February 2013. Even Skoda’s offering of the Rapid at an EMI of just Rs 8,999 p.m. didn’t help sales. Now Skoda is offering a rebate of Rs 2 lakh on its popular sedans in an attempt to boost sales and clear stocks in anticipation of the re-entry of the Octavia in the Indian market.
Tata: Recording a 33% drop in sales, Tata goes into damage control mode. Also being one of the companies that will be affected the most from the hike in SUV tax, the company is looking to boost sales of its small cars. Tata Motors is offering a buy-back scheme on its Manza sedan, where the company would offer to buy the car back after 3 years for 60% of the purchase price.
Meanwhile, Nano customers can avail an offer to pay the monthly instalment through their credit cards at 0% interest, over a period of 12 months, at an EMI of Rs 8,333 per lakh.
Audi: The budget 2013 did not hold good news for high end luxury car manufacturers. The raised excise on SUVs and higher import duties will adversely affect the already high prices of these cars. Audi on the other hand is offering its customers a ‘beat-the-hike’ scheme, offering its Q range of SUVs at pre-budget prices until March 15th.
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