In recent times, the SUV market in India has gained immense popularity, with various models catering to different budgets and preferences.
Current Price Range of Latest SUVs in India
- Entry-level SUVs: ₹7 lakh to ₹12 lakh
- Mid-range SUVs: ₹12 lakh to ₹20 lakh
- Premium SUVs: ₹20 lakh to ₹50 lakh
- Luxury SUVs: Above ₹50 lakh
Discounts Available
Many manufacturers offer discounts and promotional schemes on their latest SUV models. Discounts typically range from ₹10,000 to ₹1,50,000, depending on the model, dealership, and ongoing promotions. Below is a list of common discounts:
- Cash discounts
- Exchange offers
- Loan interest subsidies
- Seasonal promotions
- Limited-time deals during festivals
Comparison Table of Popular SUVs and Their Prices
SUV Model | Price (₹) | Discount Available (₹) |
---|---|---|
Tata Nexon | 7.60 – 14.32 Lakh | 10,000 |
Hyundai Creta | 10.44 – 18.18 Lakh | 20,000 |
Mahindra XUV700 | 12.49 – 23.99 Lakh | 30,000 |
Kia Seltos | 9.95 – 17.45 Lakh | 25,000 |
MG Hector | 14.15 – 22.65 Lakh | 15,000 |
Jeep Compass | 18.10 – 29.34 Lakh | 40,000 |
Toyota Fortuner | 32.59 – 50.34 Lakh | 50,000 |
Discount Analysis by Segment
Discounts in the SUV market vary significantly by the segment:
- Entry-Level SUVs: Generally, higher discounts due to competitive pricing.
- Mid-Range SUVs: Moderate discounts depending on the model’s demand.
- Premium SUVs: Limited offers, mostly floor stock clearances.
- Luxury SUVs: Rare discounts; benefits primarily offered on financing options.
Mind Map of SUV Buying Factors
Consider the following factors while buying an SUV:
- Budget
- Brand Loyalty
- Fuel Type
- Safety Ratings
- Technology Features
- Resale Value
- After-Sales Service
Market Trends and Insights
The Indian SUV market is witnessing rapid growth, driven by rising consumer preferences for larger vehicles and increased disposable income. The surge in demand for compact SUVs has led to a competitive market environment, with manufacturers focusing on both affordability and luxury features.
Final Thoughts
If you are considering purchasing a new SUV in India, analyze your budget and the available discounts. Keep an eye out for seasonal sales and promotional offers to maximize savings while upgrading your vehicle.