![]() Honda will roll out a new Jazz later this month, which dealership sources expect to be around Rs 6 lakh, down from Rs 7.12-Rs 7.80 lakh.Īnalysts say a more affordable Jazz will be much more attractive to buyers and may put pressure on rivals such as Hyundai i20 and Volkswagen Polo. Honda managed to jump back to positive sales in July backed by the Rs 66,000 price cuts on City and a massive Rs 1.7 lakh discount on the Jazz hatchback, which was sold out in three days flat. If Maruti Suzuki, which still sells almost every second car sold in the country, is preparing to protect its ground against increased competition, Toyota, the world's largest carmaker, wants to emerge a top player to stay ahead of Volkswagen and General Motors in the global race.Īnd Honda clearly has stepped on the gas after watching Volkswagen Vento, Hyundai Verna and even Maruti SX4 driving past Honda City that dominated the mid-size sedan segment for a decade, and losing out to Volkswagen and Ford in the overall market. "We are not going for any price changes but discounts and freebies could definitely rise to counter competition," Srivastava says. Maruti Suzuki, Hyundai and Tata Motors-which together sell threefourths of all cars sold in the country-all suffered double-digit drop in sales. "The July sales have come as a sharp indicator and discounts and price cut will become inevitable to maintain the momentum in sales," Maruti Suzuki Chief General Manager (Marketing) Shashank Srivastava says.ĭomestic car sales is estimated to have dipped 10% year-on-year in July, the first fall since January 2009, as increasing overall inflation, rising loan interest rates and fuel prices impacted consumer sentiment. In the car market, dealers say Japanese automakers are now providing unprecedented support by speeding up delivery after recovering from the earthquake and Tsunami of March this year and offering price cuts to preserve or increase their market share. ![]() ![]() Now Maruti is expected to bring top-line with some aggressive prices," said Abdul Majeed partner automotive practice, Pricewaterhouse Coopers. Earlier, it was Toyota with the killer pricing of its new Etios, and then Honda cut prices of its top selling cars. ![]() "There has been some rapid changes in the market. ![]() Infact, Liva is priced much cheaper at Rs 3.99 lakh than its competition like Maruti Swift and Skoda Fabia. Toyota has already introduced its entry-level Etios sedan and Liva hatchback at prices lower than most competitors. The new changes in the specs will make the car more punchy against new entrants like Polo and i20 that carry more features than the outgoing Swift and will be launched on 17 August, but without much increase in price. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |