{"id":1297118,"date":"2025-07-01T10:23:56","date_gmt":"2025-07-01T04:53:56","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1297118"},"modified":"2025-07-01T10:24:32","modified_gmt":"2025-07-01T04:54:32","slug":"upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more\/","title":{"rendered":"Upto Rs 4 Lakh Discount On All 2024 Models Offered By Hyundai, Tata, Mhindra &amp; More"},"content":{"rendered":"\n<p>With half of 2025 already over, automotive dealers across India are working hard to clear unsold inventory of cars manufactured in 2024. Rising stock levels, coupled with sluggish demand, have forced companies to offer significant discounts to attract buyers. Interestingly, even newer 2025 models are being sold at discounted prices, further reducing the appeal of older stock.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Untitled-design-13-1-1.jpeg\" alt=\"Upto Rs 4 Lakh Discount On All 2024 Models Offered By Hyundai, Tata, Mhindra &amp; More\" class=\"wp-image-1297121\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Untitled-design-13-1-1.jpeg 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Untitled-design-13-1-1-300x140.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Untitled-design-13-1-1-768x357.jpeg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Rs 5500 Crore Worth of Unsold Cars<\/h3>\n\n\n\n<p>Estimates by dealers and manufacturers suggest that around 50000 <a href=\"https:\/\/www.financialexpress.com\/business\/industry\/carmakers-rev-up-discounts-to-clear-unsold-stock\/3898236\/\">vehicles produced in 2024<\/a> remain unsold, amounting to a staggering Rs 5500 crore in value. This backlog mostly includes premium and slow-moving models, both electric and petrol\/diesel, across multiple brands. In total, carmakers are holding close to 600000 units in stock\u2014equivalent to two months of retail sales\u2014with 6 to 10 percent of that being 2024 stock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Massive Discounts Across Brands<\/h3>\n\n\n\n<p>To tackle the inventory issue, carmakers are offering deep discounts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Hyundai<\/strong>: Up to Rs 4 lakh off on the electric Ioniq 5<\/li>\n\n\n\n<li><strong>Volkswagen<\/strong>: Rs 2.05 lakh discount on the Taigun Sport<\/li>\n\n\n\n<li><strong>Tata Motors<\/strong>: Rs 70000\u20131 lakh off on the Tiago EV, Punch EV and Curvv EV<\/li>\n\n\n\n<li><strong>Mahindra &amp; Mahindra<\/strong>: Rs 55000\u20134.1 lakh off on Scorpio N, XUV3XO, XUV700 and XUV400<\/li>\n\n\n\n<li><strong>Others<\/strong>: Renault, Nissan, Jeep, Citroen, and Skoda are also offering at least Rs 1 lakh off on models like Triber, Kiger, Meridian, Basalt and Kushaq<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Dealers Blame OEMs for Bad Planning<\/h3>\n\n\n\n<p>According to CS Vigneshwar of FADA, many vehicles are being \u201cdumped\u201d on dealers due to poor demand or less popular colours and variants. He also highlighted that manufacturers often dispatch older models well into the new year, pointing to poor production planning.<\/p>\n\n\n\n<p>A southern India-based dealer added that with muted buyer sentiment, conversion rates from enquiries to purchases are low. Analysts predict a drop in June volumes for brands like Hyundai, Tata Motors and Maruti Suzuki due to weak demand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Supply Chain Impact Could Be Short-Term<\/h3>\n\n\n\n<p>Despite the sluggish market, dealers are cautious about stocking aggressively, especially given ongoing supply chain issues like shortages of permanent magnets. Most believe the supply disruptions may ease soon and are wary of being stuck with additional inventory.<\/p>\n\n\n\n<p>The current situation reflects a challenging phase for the auto industry, where excess stock and weak demand are testing the resilience of both manufacturers and dealers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With half of 2025 already over, automotive dealers across India are working hard to clear unsold inventory of cars manufactured in 2024. Rising stock levels, coupled with sluggish demand, have forced companies to offer significant discounts to attract buyers. Interestingly, even newer 2025 models are being sold at discounted prices, further reducing the appeal of [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1297121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[124],"tags":[649,8179,2333],"class_list":["post-1297118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-automobile","tag-car","tag-sales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Upto Rs 4 Lakh Discount On All 2024 Models Offered By Hyundai, Tata, Mhindra &amp; More - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upto Rs 4 Lakh Discount On All 2024 Models Offered By Hyundai, Tata, Mhindra &amp; More - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"With half of 2025 already over, automotive dealers across India are working hard to clear unsold inventory of cars manufactured in 2024. Rising stock levels, coupled with sluggish demand, have forced companies to offer significant discounts to attract buyers. Interestingly, even newer 2025 models are being sold at discounted prices, further reducing the appeal of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-01T04:53:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-01T04:54:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/07\/Untitled-design-13-1-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more\/\",\"url\":\"https:\/\/trak.in\/stories\/upto-rs-4-lakh-discount-on-all-2024-models-offered-by-hyundai-tata-mhindra-more\/\",\"name\":\"Upto Rs 4 Lakh Discount On All 2024 Models Offered By Hyundai, Tata, Mhindra &amp; 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