Honda Cars, which recently entered the lucrative compact sedan segment with Amaze, is also offering schemes on its other models.
"We are giving insurance at Re 1 on certain variants of City and Brio, as part of sales promotion. However, there is no offer currently on Brio Automatic, CRV and top end of City and even Amaze," a Honda Cars India spokesperson said.
German car-makers Volkswagen and Skoda are also offering schemes on their various cars.
While Volkswagen has launched a 'fully loaded offer' for Polo and Vento, Skoda has come out with a limited edition variant of Rapid sedan to shore up customers.
As per the Volkswagen scheme, a person can own the Polo and the Vento immediately by paying 20 per cent of the price and the remaining amount in a period of 36 months with an EMI of Rs. 9,999 for Polo and Rs. 14,699 for Vento.
These schemes and offers come at a time when car sales in India fell for a record eighth month in row in June with a dip of 9 per cent as economic slowdown and low consumer sentiments continue to hit demand.
As per the latest Society of Indian Automobile Manufacturers (SIAM) data, domestic car sales stood at 1,39,632 units in June as against 1,53,450 units in the same month last year.
It has prompted the industry body to demand for a stimulus package for the automobile sector from the government.