It’s raining discounts in the car market | india | Hindustan Times
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It’s raining discounts in the car market

If you are planning to buy a car, then it's a good time. Carmakers are offering hard-to-ignore bargains to boost sales in a market which has seen figures going down, reports Deepak Joshi.

india Updated: Oct 19, 2007 00:19 IST
Deepak Joshi

If you are planning to buy a car, then the time is now. With the car industry looking for innovative ways to push sales thanks to low sales during the ‘pitrapaksha’ fortnight, discounts galore are available for the buyer on the lookout for a cheap car deal.

Good bargainers can strike better deals than the offers put out by the car companies by negotiating with the dealers and the finance companies from which they seek loans.

Leading the pack is General Motors India, the Indian subsidiary of US automobile major. GM India has announced a special price offer on its recently launched Chevrolet Spark as part of the centennial celebrations of its parent company.

Chevrolet Spark will be offered at a special starting price of Rs 2.79 lakh (ex. showroom Delhi) for those who book their car between October 12 and October 22. This offer is valid for all bookings made on those ten days, even if the delivery of the car occurs later.

“This special promotion is GM India’s way of thanking our customers, who have shown tremendous enthusiasm for our carlines. They appreciate our world-class products and array of industry-first after sales initiatives and services,” GM India vice president Ankush Arora said.

Domestic car industry leader Maruti Udyog Ltd is giving discounts ranging from Rs 8,000 on its entry level Maruti 800 to Rs 30,000 on Esteem. The Petrol-driven Wagon R comes with a gift cheque of Rs 18,000.

A similar discount is available on Zen Estilo. However, there is no discount of Swift, SX4 and Gypsy, while a person buying a Wagon R (Duo) gets a gift cheque of Rs 3,000.

Second time car buyers also have the advantage of getting exchange or loyalty bonus ranging between Rs 5,000 and Rs 10,000 depending on the model and the region where they have bought the car.

Hyundai Motors India is offering upto Rs 40,000 discount on Santro through free insurance, exchange bonus, finance payout and corporate discount.

Getz Prime 1.3 litre is available with Rs 20,000 exchange bonus, whereas the 1.1 and 1.3 litre Getz comes armed with 90 per cent finance for seven years or 100 per cent finance for the salaried class.

The Accent GLE is available at all India price of Rs 4.99 lakh plus octroi and entry tax wherever applicable. Verna and Elantra buyers get discounts of Rs 10,000 and an exchange bonus, while Sonata Embera customers can expect a Rs 25,000 exchange benefit on buying the car.