Demonetization Effect: Car Companies Offering Flat Discounts Up to 2 Lakh

After the closure of Rs 500 and Rs 1000 notes, the automobile sector is having an adverse impact. Inventory companies and used car dealers say that not much stock can be mounted long. The low margins may force to clear stock as soon as possible. In addition, cash discounts to customers on behalf of companies and other exchanges and financial offers are being stated. 2016 is coming to an end and such stock purchases will be in 2017. The valuation price of the cars belonging to the model year 2015 and 2016 will be reduced because it will be 1 year old.

Hyundai on behalf of their customers, therefore, offering a discount of up to Rs 10 thousand to Rs 2 lakh. These offers are being provided by the company will continue till November 30, 2016. In addition to cash discounts, free insurance and exchange bonus being given on behalf of the company.

Maruti Suzuki on behalf of customers having exchange bonus and discounts on selected models. Maruti Ertiga and Celerio are given a discount of Rs. 70 thousand each.

Honda customers during the month of November also offered discounts on all of its models. Offers presented by the company will continue till November 30, 2016.

Honda City: Honda City making two offers. The model year 2015 is provided at a discount of up to 60 thousand rupees.The 2016 model Honda for Rs 15 thousand in cash benefits and Rs 1 being Assured.

Renault: The Renault India offers No Cash No Problem Campaign to assist near end sales. The company Zero down payment, loan term, and bookings for up to 7 years have introduced cashless facility.

Volkswagen offers cashless benefits

Volkswagen is presenting offers on behalf of the cashless scheme. The company offers the Polo at zero down payment. Vento diesel at 0 percent interest on the loan being offered. Exchange bonus of Rs 10 thousand from the company is also being given.

Chevrolet's Big Offer

Chevrolet has introduced various offers and is applicable till November 30, 2016.

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