General Motors (Chevrolet) has announced that they will be declining their sales by the end of 2017 in India. It’s a huge decision they have taken to pull out themselves from such a huge growing automotive market. Chevrolet India had to take such hard step as they were facing loss in their sales. That means there would be no more cute Beat, none the powerful Cruze that will be missing on sales from 2018. But the services and parts will be available in market and the existing customers would not face any kind of problem, said by Chevrolet India. This will definitely hurt the resale value of Chevrolet vehicles. The vehicles that Chevrolet offered in India include Beat, Travera, Spark and Cruze.
Stefan Jacoby, GM executive vice president and president of GM International, said, “We explored many options, but determined the increased investment originally planned for India would not deliver the returns of other significant global opportunities.”
Now it can be seen that dealers are offering a discount of more than Rs 4 lakhs on the Cruze and it is something which can be expected from Chevrolet in these situations. There is huge depreciation in the price of their cars. The Cruze LTZ Manual was launched at Rs 14.95 lakhs while LTZ Automatic was launched at RS 15.95 lakhs. Earlier in the year, the company dropped Rs 1 lakh on the pricing of manual variant, selling it for Rs 13.99 lakhs. But with the current position of the Chevrolet India, the ex-showroom price of Cruze is Rs 9.99 lakhs for manual while Rs 10.99 lakhs for automatic. The Beat was launched at Rs 3.95 lakhs, however, it can be yours at Rs 2.90 lakhs. The Chevrolet’s flagship SUV in India, the Trailblazer got the massive price drop of Rs 8 lakhs. Now it can be at your garage for Rs 17 lakhs. This means that if you have money for the full price (Rs 13.99 lakhs) of Cruze LTZ, you can get both Cruze and Beat. Dealers are giving these offers to clear their stock as by the end of 2017, the Chevrolet will exit the Indian market.
Team Stick Shift