Amidst the economic downturn impacting various sectors, including the automotive industry, car manufacturers in the country are rolling out enticing offers to stimulate sales and attract customers.
Toyota Corolla, in an effort to bolster the sales of its newly introduced 'Corolla Cross Hybrid', has introduced an appealing offer. The company unveiled a partnership with several banks, including Bank Al Falah, HBL, Meezan Bank, MCB, Bank of Punjab, and Faisal Bank, providing customers who book through these banks with enticing benefits. These perks include minimal markup, reduced insurance rates, and priority delivery.
Likewise, Kia Motors has launched attractive offers, available until January 31, aiming to capture customer attention. They're offering a cashback of Rs 50,000 on the purchase of 'Picanto AT' and a substantial Rs 150,000 cashback on all Sportage models. Additionally, Kia Motors has introduced an interest-free installment plan for its renowned vehicle 'Sorento', with prices starting from Rs 8.9 million.
Suzuki, a prominent player in the market, has also joined the race, announcing a bonus of Rs 1 lakh on the GLCVT model of Swift, exclusive to January purchases.
The renowned Chinese automaker 'Changan' has jumped into the competition, unveiling a limited-time discount of 3 lakh rupees on the purchase of its vehicle, Ocean X Seven, available only throughout January.
These strategic offers and discounts reflect the industry's efforts to navigate the economic challenges while providing customers with attractive incentives to spur vehicle sales.