Honda's premium compact car Jazz is being sold at discounts of up to Rs 40,000 with attractive interest rates on loans as dealers look clear stocks of the 2009 model.
The Jazz, coming at a price range of Rs 6.98 lakh to Rs 7.33 lakh (ex-showroom Delhi), had witnessed stock pile up last month with retail sales not picking up.
According to the Society of Indian Automobile Manufacturers, Honda Siel Cars India (HSCI) had produced 1,066 units of Jazz in December 2009, while selling only 269 units.
Many dealers of HSCI across the country have started offering special incentives, including discounts of up to Rs 40,000 and lower interest rates of up to 5.8 per cent since the beginning of this month.