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Auto companies cut down on discounts

Auto companies cut down on discounts

Apnaloan.com Research Bureau

08 Jul 2008

Car buyers will have to shell out more money for buying certain models as companies have cut down on their discounts.

Maruti has almost halved its discounts on Wagon R and Zen Estilo. The Company giving a deduction of Rs. 26,000 with insurance last month and has now cut it to Rs. 10,000. Similarly, the discount on Wagon R was Rs. 21,000 with insurance last month which has now dropped to Rs. 10,000 with insurance.

Even customers looking to buy Tata Motors' models like Indica Dicor and Indigo are required to pay Rs 5,000 more as the discount offer has been brought down to Rs. 20,000, from Rs. 25,000 last month.

Industry players say that the persistent increase in input costs has prompted companies to reduce their promotional offers.

There are no free fuel vouchers for i10 anymore like there were last month.

Even after giving discounts, customers are finding it difficult to make purchasing decisions due to steady increase in interest rates and fuel price hike.