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Despite High Demand and a Chip Shortage, Dealers are Left with Unsold MY21 Stock

Some Maruti Suzuki, Hyundai, Toyota, VW, and Renault 2021 models are on sale at dealerships.

New car buyers who are looking for great deals will be happy to hear this. Despite the fact that the chip shortage and high demand are causing delivery delays, some 2021 model year vehicles are still available from dealers at attractive discounts. Continue reading to find out how much money you could save on your next car.

  • Dealer discounts still available on some MY21 cars
  • Waiting periods for MY22 cars expected to be long
  • Tata Motors begins MY22 deliveries 

Read Also: The 84-Week Wait for The Mahindra XUV700 has Ended, and Bookings have Surpassed 1 Lakh

Despite High Demand and a Chip Shortage, Dealers are Left with Unsold MY21 Stock
Despite High Demand and a Chip Shortage, Dealers are Left with Unsold MY21 Stock

In recent months, the semiconductor crisis has had a significant impact on car production, and industry experts predict that the chip shortage will last until at least the middle of this year. Customer demand for cars and SUVs, on the other hand, remains strong, despite the COVID-19 pandemic. Carmakers report healthy order books, with many models having lengthy wait times of several months.

While many automakers streamlined production based on semiconductor availability to ensure no unsold stock remained by the end of 2021, many dealers continue to report pending inventories. With the start of a new year and customers’ preference for the most recent model year products, it appears that there are still a few units available.

What did we find among the MY21 stocks that were left over?

Several dealers across India are offering discounts on a variety of MY21 models from brands such as Maruti Suzuki, Hyundai, Toyota, Volkswagen, Renault, and Force Motors, according to our on-the-ground research. However, according to the dealers we spoke with, current benefits are lower than in previous years, and there are far fewer leftover stocks than in previous years.

In some cities, Toyota dealers are offering discounts of up to Rs 50,000 on the MY2021 Glanza, Urban Cruiser, and InnovaCrysta. The Hyundai i20 can be had for Rs 75,000 less, and the Alcazar can be had for even less. A few dealers were also offering discounts ranging from Rs 35,000 to Rs 50,000 on a limited number of MY2021 Taigun SUVs. With the upcoming launch of the VW Virtus sedan, dealers are also attempting to clear Vento stock – the few remaining units are available with discounts ranging from Rs 75,000 to Rs 1,50,000. Benefits are available for the Renault Kiger and Kwid, with significant savings on the Duster possible.

Read Also: Nissan Magnite Production Exceeds 42,000 Units; The SUV is Sold in 15 Countries

Despite High Demand and a Chip Shortage, Dealers are Left with Unsold MY21 Stock
Despite High Demand and a Chip Shortage, Dealers are Left with Unsold MY21 Stock

Even though the Maruti Suzuki Celerio has only been on the market for a little over two months, it is already being sold with a Rs 35,000 discount for MY21 models. Then there’s the new Force Gurkha, which is available at some locations with a Rs 51,000 discount. Refer to the table below for a complete list of benefits on model year 2021 vehicles.

NEW CAR DISCOUNTS
ModelApproximate dealer discounts on MY21 vehicles
Force GurkhaRs 51,000
Hyundai AlcazarRs 75,000-1,00,000
Hyundai i20Rs 75,000
Maruti Suzuki CelerioRs 35,000
Renault DusterRs 1,25,000
Renault KigerRs 55,000-60,000
Renault KwidRs 45,000
Toyota GlanzaRs 50,000
Toyota Innova CrystaRs 50,000-80,000
Toyota Urban CruiserRs 50,000
Volkswagen TaigunRs 35,000-Rs 50,000
Volkswagen VentoRs 75,000-1,50,000

Significantly, Tata Motors’ retail outlets only have a few units of the high-end Punch variants left from last year, and those, too, are being sold at a discount. Tata recently revised the pricing of its Punch subcompact SUV, with the top-spec Creative model receiving a price cut and the rest of the lineup seeing a cost increase.

Read Also: Bentley will Launch Five Electric Vehicles Starting in 2025

Except for the Punch, the majority of Tata’s MY21 units are sold out. In December 2021, the company surpassed Hyundai to become the second highest-selling carmaker in the world. Tata is also the only mainstream automaker to have begun shipping model year 2022 vehicles to dealers, with customer deliveries already underway.

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