Auto sales are dipping with every passing day and there are few major reasons behind the same. Not only petrol cars are losing momentum due to hike in petrol prices but even diesel run vehicles are losing much on sales. Sidelining the later as of now, the dealers in the Indian automobile market are offering desirable discounts on petrol run cars, which are mostly small hatchbacks without any diesel sibling.
The largest automaker of the nation, Maruti Suzuki has recently bestowed a rebate of Rs. 50K on its very popular and bestseller models – the Alto and the WagonR. Despite of being regarded as bestsellers, the Alto has experienced a deep fall of 18% in its sales in contrast to last year’s demand. In May 2012, Maruti Alto sales dropped by 5.94% to 72,309 units while overall petrol car sales declined by 14% in this 2012 financial year.
Hyundai, the second leading carmaker is too in the queue for offering great rebates at it renders petrol price lock assurance scheme along with upto Rs. 52,000 reduction in the price of its hatchback Santro and the i10. Next is the homegrown car manufacturer, Tata Motors offering its esteemed buyers heavy discounts of Rs. 40K on small car Nano and upto Rs. 60K on its Indica Vista.
Both Hyundai and Tata Motors confronted a bit increase in its sales volume in the month of May. Hyundai Motor posted 3.03% rise with 31,939 unit sales while Tata Motors auto sales registered 6.70% hike at 17,371 units, much of the credit goes to diesel run cars.
Hatchback Micra from Japanese auto giant Nissan is also available at lowest EMI of Rs. 3,999 per month while Volkswagen Polo is being offered with low interest rate of 5.99%.
These rebates and offers are on because most of the auto manufacturers are confronting falling sales. And decline in sales since last few months has led to piled up inventory, pushing the carmakers to cut down production of petrol vehicles. As per sources, the Indian auto industry has around 2 lakh units of petrol cars stock as of May while diesel models of over 1 lakh.