DISCOUNTS ON PASSENGER vehicles (PVs) have shot up in December with a jump of 50-100% in consumer offers for some models over those in November.
The best offers are the ones for the models that were manufactured in 2023 but are yet to find buyers.
With demand subdued, dealers are facing an uphill task in liquidating more than two months of inventory before January.
Dealers of Tata Motors have raised the scheme offer on the 2023, pre-facelift Safari and Harrier models to ₹3.7 lakh in December from ₹2.75 lakh in November.
Toyota Kirloskar has raised the offer by a flat ₹50,000 on the Innova Crysta, Fortuner and Fortuner Legender models to up to ₹2.25 lakh.
The Volkswagen Tiguan is carrying an offer of ₹4.9 lakh against ₹4 lakh offered in November.
Deals on Maruti Suzuki cars and SUVs have gone up by 20-30% month-on-month in December on certain models like the Wagon R, Ciaz and Fronx.
Hyundai, too, has increased the discount levels by the same extent on Grand i10 Nios, Aura, Exter and Verna in December.
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