With significant loss of sales due to lockdown, auto companies have a lot to catch up
As restrictions have been eased now, these companies are going out of their way to attract customers. A number of schemes have been launched in recent times including everything from cash discounts to exchange benefits, EMI support plans, and low interest loans.
India’s second largest carmaker Hyundai has restarted production and is offering attractive discounts on several of its cars. Here’s a quick look at discounts and benefits available on Hyundai cars in May 2020.
Hyundai Elantra: Customers buying Elantra can get total benefits worth Rs 1 lakh that includes cash discount of Rs 40k, exchange benefits worth Rs 40k and corporate discount of 20k. Elantra is currently available with only a petrol engine, a 2.0-litre BS6 unit that makes 152hp and 192Nm. Diesel BS6 variant is expected to be launched soon, which will have a 1.5-litre engine delivering 115bhp and 250Nm. Elantra is equipped with advanced features such as connected-car tech (Hyundai Blue Link).
|Hyundai||May 2020 Discounts|
|Santro Era||Rs 10K Cash + Rs 15K Exchange + Rs 5000 Corporate|
|Santro Magna, Sportz, Asta||Rs 20K + Rs 15K Exchange + Rs 5000 Corporate|
|Grand i10||Rs 25K Cash + 15K Exchange + Rs 5000 Corporate|
|NIOS||Rs 10K Cash + Rs 10K Exchange + Rs 5000|
|I20||Rs 15K Cash + Rs 15K Exchange + Rs 5000 Corporate|
|Elantra||Rs 40K Cash + Rs 40K Exchange + Rs 20K Corporate|
Hyundai Grand i10 BS6: Available only with petrol engine, Hyundai Grand i10 BS6 is being offered with benefits worth Rs 45k. These include 25k cash discount, 15k exchange benefits and 5k corporate discount. Grand i10 is powered by a 1.2-litre petrol mill that generates 83hp and 114Nm. Engine is mated to a 5-speed manual gearbox. Primary rivals include Maruti Suzuki Swift, Ford Figo and Tata Tiago.
Hyundai Santro BS6: Cash discount of Rs 10k is available on Era trim whereas Magna, Sportz and Asta trims get 20k cash discount. Exchange benefits worth Rs 15k and corporate discount of Rs 5k are applicable for all Santro BS6 variants. Santro is among the most affordable cars in the country. It rivals the likes of Maruti Suzuki’s WagonR and Celerio.
Hyundai Grand i10 Nios BS6: Total benefits are worth Rs 25k including 10k cash discount, 10k exchange bonus and 5k corporate discount. Grand i10 Nios offers three engine options, a 1.2-litre Kappa petrol unit, a 1.2-litre U2 CRDi diesel and a 1.0-litre turbo GDi petrol unit.
Hyundai Elite i20 BS6: Customers buying Elite i20 BS6 can benefit from cash discount and exchange bonus of Rs 15k each and corporate discount of Rs 5k. Hyundai Elite i20 takes on rivals such as Maruti Baleno, Toyota Glanza, Honda Jazz (BS6 launch soon) and Tata Altroz.
Hyundai is not offering any discount on cars that are witnessing good demand even in these challenging times. These include all-new Creta, new Verna, Venue and Aura. Earlier this month, Hyundai had revealed that it received 4,000 enquiries and 500 bookings within 2 days of starting operations. Hyundai’s first electric car, Kona EV, is also not available under any discount scheme.