Car sales in India slumped 8 per cent in November, dashing hopes of a sustained revival in demand, as an expected festive season boom failed to materialise in a key growth market for global car makers.
Car sales in India slumped 8 per cent in November, dashing hopes of a sustained revival in demand, as an expected festive season boom failed to materialize in a key growth market for car makers. Car sales have grown just 1.3 per cent in the April-November period from a year previously. To boost sales, car companies are doling out discounts and freebies. Here are some of them:
The car maker is offering discounts of up to Rs 60,000 on its cars — the Alto, the A-Star, the Estilo, the Wagon R, the Ritz and the SX4. It is also offering a three-year extended warranty, free music system, gift cheques, exchange bonuses, etc.
The Korean car maker is offering discounts ranging from Rs 5,000 to Rs 50,000 across models. The company has launched a 'December Delight' scheme, under which it is offering benefits in the range of Rs 15,000 to Rs 1,20,000. The Eon is carrying a discount of Rs 30,000, while the Santa Fe is coming with a discount of Rs 1,20,000. The Santro, the company's most popular model, is carrying a discount of Rs 45,000.
The benefits offered by the company range from Rs 20,000 on the Nano to Rs 1,50,000 on the Aria. The Manza Club Class, launched in October, is also carrying benefits of up to Rs 50,000.
The Volkswagen-owned car maker is offering discounts on the Fabia, the Laura, the Superb and the Yeti, which include free insurance, extended warranty and savings of up to Rs 70,000.
The company is offering insurance at Re 1, and doling out benefits of up to Rs 40,000 on the Accord and the Civic.
The US-based car maker is giving away discounts of up to Rs 40,000 on the Spark, its cheapest car.
Mahindra and Mahindra
The home-grown utility vehicle maker is offering a benefit scheme of Rs 70,000 on the Xylo. The Scorpio is coming with a scheme of Rs 50,000.
Ford last week held its traditional midnight discount scheme. The Fiesta came with a discount of up to Rs 72,000, the newly launched Figo carried benefits of up to Rs 25,000, the Endeavor had a discount of up to Rs 81,000, while the Fiesta was available at discounts of up to Rs 34,000.