Why is it raining car discounts? XUV700 to Safari, answer isn’t just the end of demand cycle

This was followed by Tata Motors slashing prices of the Harrier and Safari SUVs by up to Rs 1.4 lakh..

Domestic sales of passenger vehicles from April to June 2024 stood at 10,26,006 units, compared to 9,96,565 units sold in the same period last yeara growth of under 3 per cent, far lower than the double-digit growth rates of the past couple of years...

You have to understand that all markets are cyclical, but I do believe the Indian economy will continue to grow, as will car sales but a bit slower this year, a senior executive at a leading carmaker told me over an informal interaction...

But even in utility vehicles, carmakers like Tata Motors have seen absolute sales numbers fall for all models except the Punch on a year-on-year basis..

If you search on the internet, you can read that carmakers will be bringing in several new electric and hybrid vehicles in 2025, so unless one really, really needs to replace their vehicle, why buy a car now, the executive told me...

You might be interested in