In spite of offering some huge year-end discounts, most passenger vehicle manufacturers have reported a marginal sales growth in December 2018. The lacklustre performance has led to a pile-up of a large leftover stock of MY 2018 cars. As a result, almost all mainstream carmakers are offering huge discounts to clear the spillover stock. Here is a list of vehicles that are available with maximum discounts -
With a monthly sales average of 12,421 units*, the Maruti Wagon R has been the highest selling models in its segment. That said, the carmaker looks all set to launch the new-gen Wagon R on 23 January. Ahead of the introduction of the new model, the present version, which was manufactured in 2018, is being sold with some great offers. There is a cash discount of up to INR 30,000. Moreover, buyers can benefit from an exchange bonus of INR 35,000 on selling their old car to Maruti Suzuki. Furthermore, one can safely expect some dealer-level offers to further sweeten the deal. As a result, the base version of the current Wagon R can be bought at an effective ex-showroom price of INR 3.54 lakh**.
With a monthly sales average of 8,381 units*, the Maruti Celerio is available with a cash discount of up to INR 30,000. Furthermore, the buyers can benefit from an exchange bonus of up to INR 30,000 on selling their old car to Maruti Suzuki. This leads to an effective ex-showroom base price of INR 3.66 lakh**. Moreover, expect the dealer to throw in additional sweeteners in the form of accessories.
With a monthly sales average of 10,817 units*, the popularity of the Hyundai Grand i10 is second only to that of the Maruti Swift (19,819 units*). That said, the current Grand i10 is in the last leg of its innings and will be replaced by an all-new model this festive season. To maintain a steady sales momentum until the advent of the new generation, the Grand i10 is being sold with lucrative offers. Moreover, coupled with special offers on the MY2018 stock, one benefits from a price cut. Buyers get a straight price cut of INR 30,000 and an exchange bonus of INR 20,000. This leads to an ex-showroom price of INR 4.36 lakh** for the base model.
With a monthly sales average of 3,840 units*, the Xcent has lost out to fresher cars Dzire and the Amaze. The company is said to be prepping an all-new model that will likely help the carmaker offer stiffer competition to its Japanese adversaries that is to come out early next year. The current version has been available with decent discounts, and the MY2018 can be bought at even more lucrative prices. One can easily benefit from a discount of up to INR 60,000 after factoring in the cash benefits and exchange bonus. Thanks to the offers, the Xcent can be bought at an effective ex-showroom base price of INR 5.03 lakh.
The premium D1-segment sedan (average monthly sale - 98 units*) in the company's product portfolio can be bought with benefits up to INR 65,000. Thanks to these discounts, the MY2018 Elantra is now available at an effective base price of INR 13.05 lakh**.
The leftover stock of the Honda WR-V (monthly sales average - 2,909 units*) is available with free first-year insurance worth INR 40,000. Additionally, the buyer can benefit from an exchange bonus of INR 20,000 on selling the old car to Auto Terrace. This leads to an effective base price of INR 7.19 lakh.
The leftover stock of the slow-selling Tata Hexa (average monthly sales - 713 units*) is available with a cash discount of up to INR 50,000. Moreover, the customers can benefit from an additional discount of INR 10,o00 by selling their old car to Tata Motors. Some dealerships are even offering free accessories and other discounts through price cuts on the insurance policy. With a saving of at least INR 60,000, the MY2018 Hexa can be bought for a base price of INR 11.9 lakh**.
The MY2018 stock of the Mahindra KUV100 (monthly sales average - 1,118 units*) is available with a cash discount of INR 39,000. Additionally, the company is also offering an exchange bonus of INR 29,000. With net savings of INR 68,000, the smallest model in the company'ss lineup is available at a base price of INR 4.04 lakh**.
The S5, S7, and S11 variants of the MY2018 Mahindra Scorpio (average monthly sales - 3,709 units) are available with a cash discount of INR 47,000 and an exchange bonus of INR 25,000. The S9 variant, on the other hand, is available with an exchange bonus of INR 25,000 along with dealer-level offers. Hence, buyers of the leftover stock of the popular SUV can drive home the base version for an effective base price of INR 9.38 lakh.
The MY 2018 stock of the Mahindra XUV500 (average monthly sales - 2,109 units) is available with benefits worth INR 55,000. These can be availed through a cash discount of INR 30,000 along with an exchange bonus of INR 25,000. Hence, buyers can drive home the base model at an effective base price of INR 12.03 lakh.
*between June - November 2018
** effective ex-showroom, Gurgaon