What is the price range of the latest SUVs in India and are there any discounts available?
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    What is the price range of the latest SUVs in India and are there any discounts available?
    Updated:20/07/2024
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    1 Answers
    OceanGazer
    Updated:13/04/2024

    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.

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