Key Points
Mumbai: Sport utility vehicles (SUVs) and minivans, the two segments with significant sales traction, see a spike in incentives..
The SUV segment, too, saw similar incentive increases from Rs 32,296 to Rs 42,215 for the same period..
While PV sales have recorded the highest-ever volumes of almost a million cars for the April-June quarter, paradoxically, OEMs are also offering big sales promotion incentives on many models, said experts...
"While there is growth in incentives on specific models and body styles, we're also beginning to see an increase in average weighted incentive for both luxury and mass production models..
The change in incentives happens at a time when the industry inventory is swelling to almost pre-pandemic levels according to some dealers," said Ravi Bhatia, president, Jato Dynamics...
