Essentially a rebel Maruti Baleno, Toyota Glenza The price of a premium hatchback is between 6.90 and Rs 10 lakh. Despite offering similar powertrain options, features and warranty packages as its Maruti counterpart, the Glenza new car market has a premium of Rs 8,000-35,000. However, the interesting thing is that in the car market used, Glenza often sells at a similar price – or even less in some cases – compared to a similar Maruti Baleno.
Autocar
Baleno resale value between premium hatchback
This discovery is based on a joint study Autocar India In collaboration with Spinni, a major used car platform in 22 cities across India, including Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh and Indore. Spinni provided the average selling price (ASP) received from the actual transaction of 21,944 cars sold in its network during the 2024 calendar year. For the purpose of the study, if a particular model had several engine options of the same fuel type, or came to several variants, they were merged and average. The depreciation was calculated as a percentage difference between the on-road value of the car in the year of its construction and its resale price in 2024.
*ASP stands for average selling price; Dep stands for depreciation.
Among the premium hatchback, Maruti Baleno emerged as the best artist in terms of resale value, especially petrol-manual variants, which depreciated at the fastest. After this it was done Hyundai i20 And this Tata ultroseIn particular, the Hyundai i20N line-two is available with IMT (clutchless manual, now closed) and DCT (dual-clutch automatic) transmission-The carriers in the car market command the highest resale prices between large-scale market hatchbacks.
All prices in rupees, lakhs
See also:
