Mumbai: Mercedes-Benz, BMW and Audi are among luxury carmakers seeking to entice potential buyers with five-year-high price discounts and other incentives in a desperate attempt to exhaust inventory. Luxury cars, which make up only 2% of the broader passenger vehicle market, are expected to close 2024 at 50,000 units, growing 5%, in the slowest pace … Read more
In this video we will discuss the advantages and disadvantages of buying a new car during festivals. Is this the right time to buy your new car? If you are planning to buy a new car, watch this video till the end! Let us know in the comments which car you are considering buying. Read … Read more
Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has … Read more
Union Minister of Road Transport and Highways, Nitin Gadkari on Tuesday announced that commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit. The decision was taken at SIAM CEO’s Delegation meeting chaired by Gadkari at Bharat … Read more
New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all … Read more
Automakers are increasingly turning to discounts to lure buyers, an indication that the pricing power they enjoyed after the pandemic is eroding. The average incentive in the second quarter of 2024 rose to Rs 31,258 from Rs 24,350 a year earlier, according to data collated by consultancy firm Jato Dynamics. Diesel cars topped the list … Read more
Car discounts have made a return after four years of long waitlists, driven by changes in the automotive industry’s pricing strategies. Dealers are ramping up production to meet high demand, particularly for SUVs, and are offering substantial discounts across various models. Discounts are available on a range of vehicles, including hatchbacks, sedans, and electric vehicles … Read more
After enduring delays in car deliveries due to production shortages and rapid growth during the Covid period, customers are now poised to benefit from a resurgence in the automotive market. The new financial year is expected to bring forth attractive discounts and offers, marking a shift from the era of frequent price hikes. Industry experts … Read more
