Business Standard

Despite heavy discounts, festive season fail to drive up vehicle sales

According to reports, discounts offered were 10-25 per cent on sticker prices, depending on the model

automobile
Premium

T E Narasimhan
Despite heavy discounts from automobile manufacturers, customers don't seem to be excited this festival season, with sales during Onam and Ganesh Chaturthi, the beginning of the festival season, way below expectations, according to dealers. 

“The current season is definitely not as expected. One reason for sales not happening is expectation of the goods and services tax (GST) on automobiles being reduced on September 20,” said Ashish Kale, president of the Federation of Automobile Dealers Associations, 

According to reports, discounts offered were 10-25 per cent on sticker prices, depending on the model. In the past, such high discounts were usually offered in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in