Are you planning to buy a new car? If you are not very particular about buying a petrol car or a diesel one, then this is possibly the best time to buy a petrol car and at a bargain too. Carmakers and dealers are offering huge offers, discounts, freebies along with free services to push the sales of petrol cars.
Visitors to showrooms are being offered gifts such as gold coins, LED televisions, free accessories along with discounts only for petrol cars. Maruti Suzuki is offering its petrol cars with discounts ranging between Rs.20,000 and Rs.25,000 on even its best selling models such as the Alto and Wagon R. You can see similar discounts from other major carmakers such as Honda, Toyota and Chevrolet.
The reason behind these petrol car offers is primarily the high demand for diesel cars. Car showrooms are struggling to sell as many petrol cars as they did early last year. While sales of some cars that have both petrol and diesel variants has either remained stable or increased, sales of models with just petrol variants has dropped significantly.
Toyota Motors is not offering discounts on its petrol cars. Instead it is offering free service and free insurance to the buyers of its petrol cars such as the Etios, Etios Liva and the Corolla Altis.
Toyota's Japanese counterpart Honda is offering attractive finance schemes with its Brio small car. This is surprising considering the demand the Brio currently has in the market.
These offers and discounts on petrol cars were expected this year. Leading carmaker Maruti Suzuki has predicted a 20% drop in petrol car sales this year. It has accepted that petrol car sales have been sluggish but has stated that the offers will help attract buyers. It also stated the recently launched Ertiga LUV will find equal number of petrol and diesel buyers.
The only cars Maruti Suzuki is promoting are the Alto, Wagon R, Zen Estilo and the A-Star. All these models do not have diesel variants and have seen their sales slip from last year. There are reports that state Maruti will add a diesel engine to the Wagon R as well as the Alto.
Maruti's closest competitor Hyundai also has a few petrol only cars and it is offering their buyers exchange and loyalty bonuses. Buyers of the Eon are now being offered exchange bonus of Rs.10,000 and Santro buyers get Rs.15,000. Some Hyundai dealers are also offering gifts such as LED televisions.