In this post, I shall list out the top 5 cars with the highest discounts this month. At the beginning of each year, the prices of cars increase. This is due to the rise in input costs including raw materials and logistics. However, there is always leftover stock from the previous year. The dealers wish to clear this stock to make room for the new models from the current year. Hence, they often offer attractive discounts and benefits to spur demand and sales. Let us take a look at the top 5 such cases for this month.
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Top 5 Discounts on Cars This Month
| Car | Discount |
| Honda City Hybrid | Rs 1 lakh |
| Honda Amaze | Rs 45,000 |
| Honda City (Petrol) | Rs 40,000 |
| Maruti WagonR | Rs 45,000 |
| Maruti Swift | Rs 45,000 |
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Honda City Hybrid
For the month of January 2024, the potential buyers will be eligible to get a cash discount of Rs 1 lakh on the V eHEV hybrid variant of the Honda City (MY 2023). It is equipped with a 1.5-litre petrol engine paired with two electric motors and a Lithium-ion battery. One motor propels the wheels, while the other serves as an integrated starter generator. The distinctive powertrain yields a respectable 98 hp and 127 Nm with Atkinson Cycle petrol mill and 109 hp and 253 Nm of peak power and torque from the second motor. Handling the transmission duties is an e-CVT automatic gearbox. The City hybrid stands out with an impressive best-in-class mileage of 26.5 km/l.
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Honda Amaze
Interestingly, the next vehicle on this list of cars with the highest discounts this month is the Honda Amaze. It is the rival to the mighty successful Maruti Suzuki Dzire and Hyundai Aura. For this month, there are attractive benefits in excess of Rs 45,000 on the MY 2023 model and Rs 20,000 on the MY 2024 model. Despite stiff competition in this segment from the aforementioned models, Amaze has been holding its own for a long time now. The breakdown of the discounts is:
- Cash Discount – Rs 30,000 (MY 2023) and Rs 10,000 (S trim MY 2024)
- Exchange Bonus – Rs 15,000 (MY 2023) and Rs 10,000 (MY 2024)
- Additional Corporate and Loyalty Bonus
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Honda City (Petrol)
The final Honda car on this list is the City. It has been one of the highest-selling Honda cars in our market since time immemorial. Over the years, it has not only sustained competition from rivals like the Hyundai Verna but also the onslaught from SUVs in general. In fact, SUVs have been responsible for decimating many segments altogether. But the City still offers the charm of an elegant and low-slung family sedan with a powerful engine. For the month of January 2024, the buyers can avail of benefits in excess of Rs 40,000 for the MY 2023 trim and Rs 20,000 on the MY 2024 version. The details are as follows:
- Cash Discount – Rs 25,000 (MY 2023) and Rs 10,000 (MY 2024)
- Exchange Bonus – Rs 15,000 (MY 2023) and Rs 10,000 (MY 2024)
- 5 Years Warranty Package on Vx and Zx Trims + Additional Corporate and Loyalty Bonus on both MY 2023 and MY 2024 models
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Maruti WagonR
Then there are products from the largest carmaker in the country on this list of cars with the most discounts this month. WagonR is a veteran model from Maruti Suzuki in India. It has consistently stayed around the top of the sales charts for decades now. What is impressive is the fact that its popularity remains solid even today. In January, you could get huge discounts on the WagonR worth upto Rs 45,000. The breakdown consists of:
- Cash Discount – Rs 25,000 (MY 2023) and Rs 15,000 (MY 2024)
- Exchange Bonus – Rs 20,000 (MY 2023) and Rs 20,000 (MY 2024)
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Maruti Swift
Finally, there is Maruti Swift on this list as well. It is among the highest-selling cars in the country ever. It has been around for close to 2 decades now. Over the years, the Japanese automaker has given it tons of updates to keep it fresh. That has worked incredibly well since its demand is still at its peak even today. As a matter of fact, the 4th-gen model is about to launch in our market. The excitement for that is higher than ever. While that will make its way to our market later in the year, the existing model is being offered at attractive discounts. These are upto Rs 45,000.
- Cash Discount – Rs 25,000 (MY 2023) and Rs 20,000 (MY 2024)
- Exchange Bonus – Rs 20,000 (MY 2023) and Rs 20,000 (MY 2024)
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Author’s Note
Offering discounts is a great way to spur demand or clear existing stock. It is a common practice in the automobile industry. That is why if you are looking to buy a new car, you should always check for the latest discounts on offer on various cars. Generally, there are some sorts of benefits on cars almost all year round. Doing a tiny bit of research could easily help you save some money while buying a car.
