Top-3 companies sold 51 thousand cars in a day: GST was equal to 4 years before decrease, Maruti's 30-year-old record was broken

New Delhi14 minutes ago

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The country’s top 3 automobile companies Maruti, Hyundai and Tata Motors sold more than 51 thousand cars on the first day of Navratri. Car prices have reached 4 years ago due to the new GST’s new rates from 22 September. Apart from this, companies are also offering more than 10% festive discounts. Companies have recorded record sales after cars become cheap.

Maruti breaks 30 years old record of sales

Maruti sold around 30,000 cars on 22 September and 80,000 people asked the details of the vehicles. The company official said that this is the most spectacular response of the last 30 years. The price of small cars became 10–15% cheaper, causing middle class family showrooms.

Hyundai’s 5 -year sales record broken

Hyundai sold around 11,000 vehicles on the first day of Navratri, which is his best one day record of the last 5 years. According to the company, Grand i10 Neos and Creta were the highest demand. A dealer said that due to reduced tax, there was a crowd in the showroom since morning.

Tata delivered 10,000 cars a day for the first time

Tata delivered more than 10,000 cars in the first one day. SUV models such as Nexon and Panch were the highest demand. A Tata spokesperson said that this is the beginning and sales will increase further in the coming days.

Apart from tax exemption, 10% more discounts than last year According to the analysis of Market Intelligence Jeto Dynamics, the average incentive on trains rose 9.3% to Rs 45,391 in August last month. It was Rs 41,514 in August last year. That is, car companies are offering 10% more discounts than last year.

There was an increase of 102% in incentives on hatch back vehicles. This suggests that there is a tough competition in the hatchback segment, due to which the manufacturers are giving more discounts. In contrast, there has been a decrease in the average incentives found on sedans, SUVs and MPVs. The sedan’s incentive decreased by 41.7%.

4 big reasons for the car to be cheap

The festive season starts from Navratri and buying a car in these 9 days is considered auspicious.

22 lakh vehicles were sold from January to June this year. Sales increased by 1.4%. There is pressure on companies to increase sales.

In August, companies had a 56 -day stock, while the 21 -day stock is considered correct for the industry.

Incentive on petrol vehicles has been increased by 14% to Rs 44,733, 32.5% on diesel to Rs 45,887.

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