Carmakers dole out hefty year-end discounts to liquidate unsold stocks

Passenger vehicle sales in India remained under pressure in November, with the industry posting a decline of more than 3% in the same month

Faced with a pile of unsold stock after a dull festive season, passenger vehicle makers are offering steep discounts and consumer benefits even for relatively newer models. The offers, which mostly include free insurance, exchange bonus, and free accessories, are valid till December 31.  The offers come ahead of an impending price hike from January 1, 2019, announced by most manufacturers. 

Passenger vehicle sales in India remained under pressure in November, with the industry posting a decline of more than 3 per cent in the same month - the fourth monthly decline in the industry’s dispatches to dealerships since July.