The festive season might be over, but car companies are still offering big discounts to clear out their old stock before the year ends.
If you are planning to buy a new car, this could be the right time. According to industry reports, around 3.25 lakh to 3.3 lakh passenger cars were sent to dealers in November.
However, only 1.75 lakh cars have been sold in the first 20 days, meaning dealers still have a large inventory.
Why Are Dealers Offering Big Discounts?
The Federation of Auto Dealers Association (FADA) mentions that dealers have around 75 to 80 days of stock left, worth nearly Rs 75,000 crore.
This excess stock is pushing car companies to introduce aggressive discounts to move their inventory quickly.
Puneet Gupta from S&P Global Mobility explained that offering year-end discounts is a common strategy to clear old stock, and with so many cars unsold, this year’s offers are especially tempting.
Discount Offers on Popular Car Brands
Maruti Suzuki
Maruti’s Arena showrooms are offering discounts ranging from Rs 20,000 to Rs 35,000 on models like Alto K10, WagonR, Celerio, and S-Presso.
Swift models have discounts of Rs 25,000 to Rs 50,000, with extra bonuses like Rs 15,000 for exchanges and corporate discounts of up to Rs 2,300.
In Nexa showrooms, discounts are Rs 40,000 to Rs 50,000 on Ignis, Rs 35,000 to Rs 45,000 on Baleno, Rs 30,000 to Rs 35,000 on Fronx, and Rs 20,000 on Ciaz.
The Grand Vitara has discounts of Rs 25,000 to Rs 50,000, and the Jimny SUV offers a massive discount of up to Rs 1.95 lakh.
Hyundai Motors
Hyundai is offering discounts of Rs 35,000 to Rs 45,000 on the Grand i10 Nio, Rs 20,000 on the Aura, and Rs 20,000 to Rs 45,000 on the i20.
The Venue has a discount of Rs 45,000 to Rs 50,000, while the Verna can be bought with discounts up to Rs 70,000.
The Tucson gets a Rs 50,000 discount, and the Ioniq 5 e-SUV offers up to Rs 2 lakh off.
Tata Motors
Tata Motors has cash discounts of Rs 25,000 and Rs 20,000 on the Altroz and Punch (ICE versions). T
he Tiago hatchback, Tigor sedan, and Nexon SUV are available at starting prices of Rs 4.99 lakh, Rs 5.99 lakh,
and Rs 7.99 lakh, respectively. Tata is also offering special deals on its electric models.
Mahindra & Mahindra
Mahindra is offering discounts on some models, including Rs 70,000 off the Bolero Neo, Rs 50,000 on the Scorpio N,
and up to Rs 1.25 lakh on the Thar 4×4. The XUV400 Electric comes with a cash discount of Rs 3 lakh.
Other Brands Offering Discounts
Other carmakers like Honda, Jeep, Skoda, and Volkswagen are also offering attractive discounts.
The festive offers, combined with the wedding season, will keep the car market active. Some customers are even hoping that waiting until the end of the year will bring even better deals.
