With the increase in petrol prices by over 10 per cent across the country, manufacturers are grappling with a potential increase in stockpiles of cars and are helping their dealers in offering the best possible deals to reduce inventory.
Petrol cars, therefore are going for a song. Three of India's leading car manufacturers - Maruti Suzuki, Tata-Fiat and Hyundai are offering large discounts to their individual and corporate customers in a bid to keep their growth curves intact.
Maruti Suzuki for instance is offering discounts on pretty much all its petrol models across the board. You can buy an Alto, Wagon R, Zen Estilo or an A-Star and stand to save Rs 30,000. This is a flat cash discount on the on-road price of the car and dealers are willing to throw in mud-flaps, mats and other small accessories for free.
If you have been eyeing that Ritz for long, you could save Rs 21,000 plus have your car accessorised in a similar fashion. Buyers of the SX4 petrol will save Rs 30,000 while potential customers of the Eeco could save Rs 10,000 plus accessories.
Hyundai customers stand to gain even more if they play their cards correct.
On the Santro and i10, two packages are offered, which customers can choose from. If you are looking at buying an i10, either with a 1.1-litre or a 1.2-litre engine, you can choose from the following options:
Option 1: You get free insurance plus Rs 7,500 cash discount plus a loyalty bonus of Rs 10,000 and third year warranty free totalling up to Rs 40,500
Option 2: You get free insurance plus three-year free maintenance plus free second year roadside assistance plus a loyalty bonus of Rs 10,000, totalling up to Rs 49,500
You get similar packages with the Santro as well, with savings of either Rs 35,000 or Rs 45,000.
If you thought you won't get any discounts on the facelifted i20, well you can save Rs 10,000 on any petrol variant as a loyalty bonus.
Buyers of the Accent get free insurance plus Rs 6,000 discount plus loyalty bonus of Rs 10,000, taking the amount to Rs 25,000.
Potential customers of the fluidic Verna, fret not. A loyalty bonus of Rs 10,000 is also on offer.
And those looking to buy the brand-new Sonata, especially corporates, a Rs 30,000 corporate discount can be availed of.
Tata and Fiat buyers have a wide range of discounts, even on diesel models.
If you intend to buy an Indica or a Vista you get Rs 10,000 as a flat discount, irrespective of it being a petrol or diesel model. Petrol buyers get another Rs 10,000 on top of that, taking the total discount to Rs 20,000
Buyers of the Indigo get a Rs 10,000 discount, those of the Manza stand to save Rs 20,000 and petrol Manza buyers can save Rs 30,000.
If you are a Fiat fan, Punto buyers can save massively on their insurance. Insurance is chargeable at just Rs 4,000. Linea buyers have a similar scheme, with insurance pegged at just Rs 5,000, irrespective of the trim.
However there are massive savings on offer if you want a Linea T-Jet. Fiat has a stockpile of 2011 models that it wants to clear and is offering a Rs 1 lakh cash discount, insurance at just Rs 5,000, and if you trade in your old car, you get another Rs 1,00,000 off plus the exchange value of your car, taking your total savings to over Rs 2,00,000!
Disclaimer: Discounts are valid in Mumbai city at the time of printing. Discounts may vary from dealer to dealer and from city to city. Please do check with your local dealer on the same.