Bumper Discount on Petrol cars in India On Account of Petrol Price Hike

Soon after the rise in the price of petrol, the leading car makers of India announced discount of up to Rs. 50,000 for limited period on the petrol version of cars to insulate the demand. The companies which took this thought in to consideration and implemented it are Tata Motors, Hyundai Motors and Maruti Suzuki, which are all leading companies of India. The country’s largest auto car manufacturer, Maruti Suzuki India is providing a discount on Maruti Alto of Rs. 30,000 in order to maintain the sales of this entry level car, where as the discount on other cars of Maruti India is between Rs. 15,000 to Rs. 20,000. This information was given by Mr. Mayank Pareek who is the Managing Executive Officer of Marketing and Sales of Maruti Suzuki India.

He also gave the information that Alto sales have decreased from 25,000- 28,000 units to 20,000- 25,000 units in comparison to last fiscal year data’s. The small car Tata Nano has a monthly scheme of rebate but for the month of May it is of Rs. 10,000. Tata Motors' spokesperson said that the company is providing rebate on Tata Indica and all the family cars of Tata Indigo ranging between Rs. 10,000 to Rs. 50,000. At the same time Hyundai India which is the second largest auto car maker is also providing the discounts under a "Petrol Price Lock Assurance" scheme up to Rs. 30,000 on all the petrol variants of its product line. This scheme is valid up to May 31^st on the Eon, Santro, i10, i20, Accent and Verna. This scheme has been brought in to increase the demand and create an assurance between the buyers said, HMIL Director of Marketing and Sales, Mr. Arvind Saxena.

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