Hyderabad: Economic slowdown has not affected automobile companies from offering discounts and benefits this festive season. Passenger cars and two-wheeler makers are showering discounts and offers to increase customer demand even after the automobile industry suffers from the worst slowdown ever.
In addition to discounts, companies are also launching new models and e-vehicles for this festive season.
Maruti Suzuki had announced benefits of up to ₹1 lakh on its model Baleno. The company also announced that it is reducing the price by ₹5,000 (on ex-showroom price) on selected models, after the announcement of a corporate tax cut.
Tata Motors is offering benefits of up to ₹1.5 lakh and announced it will launch Nexon EV in the fourth quarter of the current fiscal, with price expected to be in the range of Rs 15-17 lakh.
Hyundai Motor India’s benefits go up to ₹95,000, depending on the model and launched a premium sedan model of Elantra.
TVS Motor launched a special edition of Radeon motorcycle and planning to launch TVS Apache RTR 200 4V with Bluetooth-enabled SmartXonnect mobile application technology this month.
Electric two-wheeler maker Hero Electric in September launched two new electric scooters Optima ER and Nyx ER in the market.
After the Supreme Court judgment on BS IV to BS VI transition and clarification from the Finance ministry, the automobile sector is slowly adapting to the situation.
Recently Maruti Suzuki has announced that two lakh units of BS-VI cars were sold in a span of six months.
South Korean auto major Hyundai plans to start rolling out upgraded BS6 compliant models, including diesel trims, on a regular basis by early next year, a top company official said.
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