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Monday, June 18, 2007

Buying car? Now is the right time

HELLO FRIENDS:

With car sales dropping, car makers are having to play the discount game along with cutting production. So is this a right time to buy a car? It is, if you are looking for Maruti’s various models and versions, say experts.


The country's largest car manufacturer is playing the tried and tested discount game to boost June sales. Discounts ranging between Rs 5,000 to Rs 35,000 are being offered across various models starting June 15. The smaller models like the 800 and Wagon R are cheaper by about Rs 15,000 while Alto and Versa by about Rs 10,000. Esteem enjoys the maximum discount of Rs 35,000 while good demand has ensured a small discount of Rs 5,000 for Swift.


“The time is good for farmers who are ready with cash after harvests. So along with schemes and discounts we have panchayat schemes also to reach the villagers,” said Veer Singh Maruti Car Dealer.


This being lean season, most car manufacturers shut shop for annual maintenance. Maruti will see a plant shutdown from June 17th to 24th. Sources say low sales have forced most auto majors like Tata Motors, Ford and others to resort to production cuts. Discount List
M 800 Rs 15,000
Omni Rs 6,500
Alto Rs 10,000
Zen Estillo Rs 15,000
Wagon R (Petrol) Rs15,000
Swift (Petrol) Rs 5,000
Esteem Rs 35,000
Versa Rs10,000




When contacted Tata Motors, denied cutting production. The company says Tata Motors has not curtailed production of its passenger vehicles in any unusual manner. Though sources within the component industry tell us the company has sent vendors a revised supply schedule and has asked them not to stock up on raw materials.


Also from June 1st to 15th, there is a period called aadik mass during which it's considered inauspicious to buy new things especially in the northern and western parts of India.


Analysts say a recovery could be expected in the second half of the financial year. Until then, carmakers will have to find ways to lure buyers in this lean season.

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