Discount Spree: Auto Makers offer Big Discounts to Push Sales
Discount Spree: Auto Makers offer Big Discounts to Push SalesReuters

In a bid to woo auto enthusiasts in the country, car makers have announced big discounts on their plethora of offerings in India.

Auto makers are doing everything from offering big discounts to freebies to push sales in the domestic market which has been hit by poor demand and currency fluctuation. Despite reviving the car prices on several occasions in India, the high interest rates and the poor economic climate kept the customers away from making new purchases.

However, the car segment is still holding out hope. Many companies are expecting sales to pick up during this festive season, which will see multiple launches of several new cars and overhauled versions of existing vehicles. Beside this, the price cut, free accessories and insurance given out by top companies like Maruti, Hyundai, Tata and Volkswagen are likely to drive up sales further. So if you are planning to buy a new car, we would say this is the right time to grab one.

Maruti Suzuki, the country's largest car maker's outgoing model SX4 gets cash discount, exchange bonus and excise benefit, totaling ₹1.17 lakh, as reported by Autocar India. The report indicates that the company is offering ₹50,000 cash discount, ₹35,000 exchange bonuses and ₹32,000 excise benefit discount on SX4.

Besides this, Maruti's other models - Alto, Wagon R, and Ertiga - also enjoying the benefit of price cut, ranging from ₹10,000 to ₹60,000. We reported earlier that the Maruti's entry level car Alto is now cheaper by ₹40,000-50,000, while the models like Wagon R and Stingray comes with a discount offer up to ₹65,000 and ₹60,000 respectively.

Korean auto major Hyundai has also made its popular car i20 more affordable. The carmaker which is preparing to introduce a new variant of i20 in the country is offering a deep discount up to ₹67,000, according to the report. The company announced discount of ₹20,000 on all variants of i20 in addition to excise discounts of ₹27,000 and exchange bonus of₹ 20,000.

Tata Motors's Indica is another model coming in with the discount offers. The car is offered with free insurance for first three years along with an exchange bonus of ₹30, 000, taking the total benefit to ₹82,000.

Volkswagen is also having tempting discounts to put for the customers as it is eager to clear the stock of the current Polo model. The Polo's new avatar is slated for a launch on 15 July in India. If reports are to be believed, the prices of the Polo have been reduced by ₹55,000 and the car also gets exchange bonus of ₹20,000.