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Financial Year end deals woo new car buyers

by anonymous

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  • Most companies offering steal deals
  • High-end luxury car makers also wooing buyers
  • Freebies, discounts, 0% interest and buy back schemes introduced
  • Deals intended to sustain dropping sales


12th March 2013: India’s leading online marketplace for used cars and new cars, has revealed that almost all car manufacturers in India are wooing new car buyers with never before deals and offers across the range of models on sale. March is the last month of the 2012-2013 financial year calendar and with low sales hampering the growth of the entire industry in the last few months, last minute deals and offers are being rolled out in these desperate times.

Experts at state that special schemes are not limited to main stream manufacturers but high-end car manufacturers as well. While the likes of Honda and Nissan are offering the best ever interest rates on cars, German manufacturers like Audi and Mercedes-Benz are also offering lowest down payment and EMIs on their sedans. For example, while the Mercedes C Class can now be had for a down payment of only Rs 6 lakh and EMIs of Rs 48,735, Audi is offering the A4 with a low down payment of Rs 5 lac along with a 0% EMI on Rs 24 lac for 36 months!

Tata Motors, which registered a substantial decline in sales is now offering the diesel Manza versions from only Rs 5.99 lac along with a buy back scheme after 3 years at 60% of the cost. Likewise, Volkswagen is offering the Vento in exchange of the customer’s old car along with just a rupee and tempting EMI deals. Honda has also joined this bandwagon, offering the City at an interest rate of only 0.1% along with either loyalty or exchange bonus!

Umang Kumar, CEO, explains, “The automotive industry is going through a very bad phase and with the current fiscal year coming to an end, manufacturers are turning to desperate measures to sustain the sales figures. Even successful models like the Ertiga are being offered with massive offers amount to as much as Rs 40,000 on the diesel and Rs 35,000 on the petrol models. New car buyers looking at purchasing a vehicle in March surely stand to benefit from these offers and schemes.”

Here are the top offers being run by companies.

  1. Honda: 0.1% rate of interest + loyalty or exchange bonus
  2. Volkswagen: Old car + Re1 = new Vento
  3. Nissan: Lowest EMI challenge on various models
  4. Skoda: Special Rs 8999 EMI on the Rapid
  5. Chevrolet: Rs 38,000 benefits on the Beat
  6. Maruti: Special price for Estilo – Rs 3.46 lac, uptoRs 40,000 benefit on the Ertiga
  7. Toyota: Special EMI of Rs 14,999 and exchange bonus of Rs 20,000 on Innova
  8. Hyundai: Benefits of uptoRs 42,500 on i10


About The Company is the leading online automotive marketplace bringing together car buyers and car sellers.  New car buyers can research their car purchase while used car buyers can browse through the largest collection of inventory online.  It is the best resource for new car research in India, providing users with information, opinions & tools to ease the process of finding a suitable car.’s used car marketplace is the best in online space with a comprehensively curated and photographed stock of used cars. It provides a transparent and reliable platform for used car listings with detailed information for used car buyers.


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