Almost every manufacturer in the country has started offering big discounts on their model lineup currently. This is because of the nation-wide sales slowdown that has been going on for a few months now and has resulted in inventory pileups and production cuts among other things. In the month of July, there are several cars that are getting discounts worth Rs. 1 lakh and more. Here are 10 cars that are being offered with discounts worth Rs. 1 lakh or more.
Max. offer value – Rs. 1.23 lakh
The Skoda Rapid is running on huge discounts right now. The 2018 manufacture year models are being offered with cash benefits up to Rs. 1 lakh along with Skoda maintenance package available at Rs 9,999, saving another Rs 23,334 for you. The Ambition MT Diesel, Ambition AT Petrol, and Style MT Petrol variants are getting a loyalty bonus worth Rs. 25,000 and can be bought at just Rs. 9.99 lakh this month. Rest of the variants are getting cash benefits worth up to Rs. 50,000 along with a loyalty bonus worth up to Rs. 25,000.
Toyota Yaris (2018)
Max. offer value – Rs. 1.44 lakh
Toyota introduced the Yaris to India at Auto Expo 2018 with a subsequent launch a few months later into the market. Rival to the likes of the Honda City, Maruti Suzuki Ciaz and the Hyundai Verna among others, the Yaris didn’t perform well in terms of sales despite being a decent vehicle. This month, the Japanese manufacturer is offering discounts and benefits worth up to Rs. 1.44 lakhs in order to attract customers to buy the car.
Max. offer value – Rs. 1 lakh
Renault recently launched the facelifted version of the Duster and it gets a few minor updates along with a refreshed front end. The older model, however, is being offered with discounts of up to Rs. 1 lakh this month. Speaking of which, the diesel variants are getting a cashback worth Rs. 50,000 along with an exchange bonus of Rs. 50,000. The petrol variants, in comparison, are only getting Rs. 30,000 cash discount this month, though some dealerships are offering up to Rs. 50,000 discounts on Duster petrol.
Max. offer value – Rs. 1.10 lakh
Next up is the Honda BR-V, which rivals the likes of the Hyundai Creta and Nissan Kicks among others. It is being offered with discounts worth up to a massive Rs. 1.10 lakh. Talking about the discount schemes, customers who will exchange their cars will get an exchange bonus worth Rs. 50,000 and accessories worth Rs. 26,500 along with a cash discount worth Rs. 33,500. For non-exchange customers, the company is offering accessories worth Rs. 36,500 along with a cash discount worth Rs. 33,500.
Max. offer value – Rs. 2 lakh
Hyundai is currently working to refresh the whole of its Indian model lineup, the first step towards which will be the launch of the new Grand i10 on 20th August. The current generation model is being offered with discounts up to Rs. 2 lakh this month. The current generation Elantra will be replaced by an all-new model by next year which could be a reason for such a huge discount. Speaking of which, there is a direct cash discount of Rs. 1.25 lakh along with an exchange bonus worth Rs. 75,000 available on the sedan currently.
Max. offer value-Rs. 1 lakh
Following the Elantra is its new-age rival in the form of the Skoda Octavia. The Czech manufacturer is currently working on the next-generation model of the stylish Octavia which is expected to be launched in India next year. Speaking of discounts, Skoda is offering up to Rs. 50,000 worth of cash benefits on the sedan along with a loyalty bonus up to Rs. 50,000. However, the cash benefit is only available on select credit cards.
Max. offer value- Rs. 1 lakh
Hyundai is currently offering massive discounts up to Rs. 1 lakh on its flagship vehicle in India. The discount offer includes a direct cashback of Rs. 25,000 along with an exchange bonus worth Rs. 75,000. The Tucson chiefly rivals the Jeep Compass in its price range but the current model is no longer a tough rival in the segment. The next-gen model is set to change this and re-establish it as a good option in the segment.
Max. offer value- Rs. 2.5 lakh
The Honda CR-V is being offered with the highest discounts on this list. To let you know, the crossover SUV is being given away with a huge discount offer worth Rs. 2.5 lakh this month. The discount on the CR-V is available in the form of a cash discount worth Rs. 2.5 lakh, which brings down the cost of the vehicle substantially.
Max. offer value- 1.75 lakh
The Skoda Superb is getting discounts as big as Rs. 1.75 lakh this month. The 2018 made models of the Superb are getting cash benefits up to Rs. 1.75 lakh, which is quite a considerable sum. The 2019 made models, on the other hand, are getting cash benefits up to Rs. 50,000 along with a loyalty bonus worth Rs. 50,000. Then there is an assured buyback scheme which means that your old Skoda car will be bought at 57 per cent after 3 years by the company. The cash benefits, however, are only available on select credit cards
Max. offer value- Rs. 1 lakh
Last up on the list is the Skoda Kodiq, which is also the flagship SUV of the brand in India. In its segment, the Kodiaq rivals the likes of the Ford Endeavour and the Toyota Fortuner among others. As for the discounts, the big stately SUV is getting discounts worth Rs. 1 lakh this month. The discount scheme includes a loyalty bonus worth Rs. 50,000 along with cash benefits worth up to Rs. 50,000. However, the cash benefit is only available on select credit cards.