Discounts are back to 2019 levels; is this a good time to buy a car?

Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending car model

Discounts are back for car buyers. Dealerships across brands are offering discounts in the range of Rs 20,000 to over Rs 1 lakh, depending on the car model and location of the dealership.

Industry sources say that discounts are almost close to the 2019, or pre-pandemic, levels.

Speaking to Business Standard, Manish Raj Singhania, president, Federation of Automobile Dealers’ Association (FADA), confirmed that discounts are indeed back.

“This is a very good time for a consumer to buy cars since many dealerships are offering discounts,” he said. “The discounts are for models for which the dealer has inventory. For models