Car Sales Hit a High as Diwali Nears


Car Sales Hit a High as Diwali Nears

Some best sellers have a 96-week waiting period; others feature big discount

 
Diwali Car Sales

October 28, 2024 - October car sales in India have exceeded 3.71 lakh units so far, as per the government site Vahan. As Diwali nears, the sale figure could go beyond 4 lakh, dealers estimate. In comparison, 3,43,310 cars were sold last month.

While dealer are stocking up on vehicles in their showroom, attractive discounts are driving customers to rush to buy. Some models have a discount as high as Rs 4.5 lakh. Sources say models like MG Gloster, Mahindra XUV 400, and Jeep Compass have big discounts. Those models in high demand and with long waiting periods have not much of a discount.

There are models with a waiting period of up to 96 weeks (about two years) for delivery. Vehicles like Toyota Camry, Land Cruiser and Mahindra Bolero Neo+ have a waiting period of four to 96 weeks for delivery. Reportedly, the waiting period for the Mahindra Thar Roxx has reached 1.5 years. This means that if you order this SUV now, you will likely receive the delivery in 2026.

Till last month, the buying trend in the country was seeing a slump so top makers had announced discounts of up to Rs 2 lakh on their best sellers.

Source: Media Reports

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