With the onset of the festive season, carmakers are offering huge discounts to boost their sales. Discounts are being offered on every model and discounts as high as 25% are being offered on petrol variants.
According to Mr. Rajan Paintal, Senior Vice-President (Auto Loans at HDFC Bank), it’s the best time to buy cars as more and more cars are being offered at lower interest rates and with higher discounts. Currently, cash discounts are being offered on many cars, including the Tata Indica and the Skoda Fabia. Maruti Suzuki India too has increased discounts across its entire line-up.
Other than cash discounts, companies such as Maruti Suzuki, Hyundai Motor, Honda Siel Cars, Fiat Auto India, Volkswagen India and Toyota Kirloskar Motor are offering free insurance and maintenance packages, gifting accessories and providing various corporate benefits to their customers.
As per industry insiders, the retail sales in India for the month of September, 2011 has not been very encouraging and thus, car manufacturers are offering better deals during October-November 2011 to attract the customers. Car sales in India had dropped by 16% in July 2011 and by 10% in August 2011. Volkswagen has also launched limited period options of its Polo hatchback and the Vento sedan, Breeze, with additional features including a new navigation system, leather seat covers and rear parking distance control at no extra cost as an attempt to attract customers.