Its raining discounts on Cars in December 2023. Read to know why.

Several car manufacturers have made a downward revision in the prices of some of their offerings, and big brands such as Maruti Suzuki, Honda, and Volkswagen are giving discounts. 

Offers are given from dealers in different cities with cash discount, exchange bonus, attractive finance rates and add ons like extended warranty on Grand Vitara, Baleno, Verna and others cars, Some examples are given below:

• Tata Tigor CNG Twin – Rs 35K Cash + 15K Exchange + Rs 5000 Corporate

• Toyota Glanza CNG – Rs 20K Cash + 20K Exchange Bonus + Extended Warranty for 4th & 5th Year worth Rs 11000

• Maruti Celerio CNG & S Presso CNG – Rs 30K Cash + 20K Exchange

• Hyundai Grand i10 Nios CNG – Rs 35K Cash + 10K Exchange + 3000 Corporate

• Maruti Wagon R CNG – Rs 25K Cash + Upto 20K Exchange

• Maruti Baleno CNG – Rs 25K Cash + 10K Exchange Bonus (or 15K Scrappage Benefit) + Rs 2000 Corporate

• Hyundai Aura CNG – Rs 20K Cash + 10K Exchange + 3000 Corporate

• Tata Altroz CNG Twin – Rs 10K Cash + 10K Exchange + Rs 5000 Corporate 

• Maruti Swift CNG – Rs 25K Cash Discount. No Exchange Bonus

(Disclaimer: Check car prices with the dealer, the prices of car may differ city wise. Please Note: Terms & Conditions Apply. Offer on Select Model Variants in December 2023)

Decoding December Discounts: Why Car Companies Offer Year-End Deals: 

1. Year-End Clearance:

Car companies aim to clear out the current year’s inventory to make room for new models arriving in the next year. Offering discounts is a strategy to sell off remaining stock.

2. Meet Sales Targets:

December marks the end of the fiscal year for many car manufacturers. To meet annual sales targets, companies often provide incentives, including discounts, to boost sales figures.

3. Tax Benefits for Customers:

Customers may enjoy tax benefits by purchasing a car in December. Some tax incentives are available, making it a financially attractive time for buyers.

4. Holiday Season Promotions:

Leveraging the festive spirit, car companies introduce holiday promotions and discounts to attract customers who are likely to make significant purchases during this time.

5. Increased Competition:

The end of the year often sees increased competition among car manufacturers. Offering discounts becomes a competitive strategy to lure customers away from rival brands.

6. Clearing Out Old Models:

With new models arriving in the upcoming year, car companies want to clear out older models from dealerships. Discounts help expedite the sale of these older inventory units.

7. Boosting Year-End Revenue:

Providing discounts in December allows car companies to boost their year-end revenue, contributing positively to the overall financial performance of the company.

8. Consumer Expectations:

Many consumers expect year-end discounts, especially during holiday sales events. Car companies align with these expectations to attract more buyers.

9. Dealer Targets and Bonuses:

Car dealers often have targets and bonuses tied to annual sales. Offering discounts in December helps dealers meet targets and potentially earn year-end bonuses.

10. Promoting Financing Deals:

Car companies may introduce attractive financing deals, such as low-interest rates or zero-percent financing, to entice buyers during the year-end period.

11. Clearance of Unsold Inventory:

December allows car manufacturers to clear out any unsold inventory accumulated throughout the year, preventing the carryover of excess stock into the new year.

These reasons collectively create a favorable environment for customers looking to purchase a car in December, as they can capitalize on attractive discounts and promotions offered by car companies.