Meanwhile, auto majors, including Maruti Suzuki, Hyundai, Mahindra and Toyota, posted healthy double digit sales growth last month, overcoming post-festive season lean phase
Automotive companies have lined up a slew of discounts to push up sales in the last month of the year, when customers defer purchases to the new year.
Discounts also help auto dealers clear old inventory and step into the new year with most fresh stock.
For example, luxury car maker Audi has launched a "limited period offer" with special prices and easy EMI options on its A3, A4, A6 and Q3 models.
The cars on offer can be bought at benefits ranging from Rs 300,000 to Rs 885,000. In one of its schemes, the customers can buy the car in 2017 and start paying in 2019.
Similarly, a lot of Hyundai dealerships are offering discounts and benefits up to Rs 65,000 on i20 and its variants as the company is likely to announce the upgraded versions of the car early next year.
Likewise, Maruti Suzuki dealers across the country are offering discounts on several models including Ciaz and Ertiga, which saw prices rise due to GST.
The size of discounts and benefits differ from dealer to dealer and even city to city.
Meanwhile, auto majors, including Maruti Suzuki, Hyundai, Mahindra and Toyota, posted healthy double digit sales growth last month, overcoming post-festive season lean phase.
Various factors, including robust demand in rural markets and good response to new models, helped drive sales, the companies said.
Maruti Suzuki's domestic sales were up 15% year on year at 145,300 units last month. The sales were mainly driven by compact segment, comprising Swift, DZire and Baleno, which rose 32.4% to 65,447 units. Utility vehicle sales, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza rose 34% to 23,072 units last month from 17,215 in November 2016. Mini segment car sales, including Alto and WagonR, fell 1.8% to 38,204 units.
Hyundai Motor India Ltd (HMIL), the second-largest car maker, reported a 10% increase in domestic sales at 44,008 units in November. HMIL director (sales and marketing) Rakesh Srivastava said growth was achieved due to the strong performance of next gen Verna along with Grand i10, Elite i20 and Creta.
Mahindra & Mahindra reported a 21% domestic sales growth at 36,039 units last month. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, rose 21% to 16,030 units.
Ford posted a sales increase of 13.1% at 7,777 units, driven by recently-introduced the new edition of compact SUV Ford EcoSport.
Toyota Kirloskar Motor reported a 13% rise in domestic sales at 12,734 units in November. It had sold a total of 11,309 units in the same month of last year.
In the two-wheeler segment, Bajaj Auto reported a 21% increase in sales in November at 326,458 units against 269,948 units in the same month last year.
Royal Enfield's domestic sales rose 21% to 67,776 units in November as against 55,843 units in the year-ago month. Suzuki Motorcycle India reported domestic sales at 42,722 units in November as against 30,830 units in the same month last year, a growth of 38.6%.
TVS Motor Co registered a year-on-year sales growth of 12% at 251,965 units in November 2017.
(With inputs from PTI)
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Meanwhile, auto majors, including Maruti Suzuki, Hyundai, Mahindra and Toyota, posted healthy double digit sales growth last month, overcoming post-festive season lean phase.
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