Price of Optra Magnum 2.0 is slashed by Rs 1 lakh

sidindica · 23rd September 2010, 23:09

the magnum is way by its past sell by date. whats the point of buying a reskinned 2002 daewoo nubira which will see its resale values crashing the next year??

nitrous · 23rd September 2010, 23:11

This is a sign of a car about to be discontinued.
Palio MJD strategy.

dhrishikesh · 24th September 2010, 08:31

@ nitrous,
I totally agree with you that as the car price is slashed by 1L, it may be discontinued by GM or GM may also be launching facelifted version of Optra Magnum as the sale figures of this particular car looks to be quiet good.

octane_100 · 24th September 2010, 11:35

How about bringing the Cruze hatch with the 2.0L diesel motor? If they are able to price it at <10L OTR they would be giving the customers a modern stylish car (albeit with an old but powerful engine). Looking at how the premium hatches are flying off the shelf, this might be a good experiment for GM?

breezydrive · 19th October 2010, 22:06

Full Page ads on almost daily basis are appearing in Delhi newspapers these days!

e-paper Sign-in

Amazingly loaded OPTRA MAGNUM at a special offer price, only for a Limited period

1.6 L VGIS - Rs.6.99 Lakhs

2.0 L TCDI - Rs.8.09 Lakhs

ACC, ABS, Leather upholstrey, sunroof, Double Din Music, Alloys...!

Mouthwatering price indeed!

pgsagar · 19th October 2010, 23:04

While most may be writing Optra's obituary, I consider it a rebirth provided GM handles it well. If GM brings the price down to Fiesta/Linea/Verna/Vento level, GM will have set a cat among the pigeons. Magnum is a size up on these cars and in performance department, it will leave them standing. But 1 lakh lowering is not enough. Some more price cut and it will be in business.

GM should refrain from killing the car and learn from Maruti which seldom kills any car.

Abhas · 19th October 2010, 23:25

Something which I noticed in the Optra Magnum advertisment : In last month's ad it was mentioned "Offer till 30th Sep" ; But now its "Prices valid till Stocks Last" !
I think it clearly shows GM is phasing out this model soon and clearing up its inventory ! Would it still be a good buy ?

ahuja365 · 20th October 2010, 10:06

This is the reason one must not buy chevrolets,their strategy is bad for old customers.Because of this polict hyundai,ford and chevrolet never command apremium but look at toyota and honda,whatever happens they never reduce prices so the customers are regained and they are called premium.

basilmabraham · 20th October 2010, 10:17

Also the price shown is for the LS version, which does not have most of the 'loaded' fetures. The LT which is fully loaded costs 10.48 on road in Trivandrum.

It would be worth buying if the on road price is comparable to the Fiesta/Linea etc.

brraj · 20th October 2010, 10:26

On road price of Magnum LT tcdi in Bangalore is 10.35lkh. Tempting.

sriramv.iyer · 20th October 2010, 12:39

Quote:

Originally Posted by brraj

On road price of Magnum LT tcdi in Bangalore is 10.35lkh. Tempting.

It costs a lil more in Chennai - Are you talking about the LS?

Zero Cool · 20th October 2010, 12:50

I still think that a at this price optra 2.0 tdci is a better purchase than a verna or fiesta or even better than linea.

as if after 5 years and 1L of running any of the above mentioned cars will give a good resale

blackbeast · 20th October 2010, 13:30

I would still drop it for its ageing design and outdated interiors. Upon bargain, once could get a further slash of 50k to 1L easily.Remember the price cuts for Previous Gen Laura when it was discontinues.

Vento has done the maximum damage for this car if not the stylish Cruze under the same roof.

throttleking · 20th October 2010, 14:13

Optra Magnum Diesel is a very good car, which is ignored by many. and in this price its a great deal. My Magnum has clocked almost 50k now and still feels like a new, ownership experience so far is great.

Ice · 20th October 2010, 15:34

I've learnt one lesson in the last 10 years: DON'T BUY A SUNSET MODEL
Fiat Petra (rebadges Siena at rock-bottom prices)
Hyundai Accent Executive
Daewoo Nubira
Fiat Uno S (Diesel)

Parts will always be an issue, and will hurt the ownership experience.

23rd September 2010, 23:09	#16
sidindica Senior - BHPian Join Date: Jun 2007 Location: Delhi Posts: 4,892 Thanked: 8,106 Times	the magnum is way by its past sell by date. whats the point of buying a reskinned 2002 daewoo nubira which will see its resale values crashing the next year??
	() Thanks

23rd September 2010, 23:11	#17
nitrous Senior - BHPian Join Date: May 2004 Location: UAE/Lon/Madras Posts: 6,965 Thanked: 325 Times View My Garage	This is a sign of a car about to be discontinued. Palio MJD strategy.
	() Thanks

24th September 2010, 08:31	#18
dhrishikesh BHPian Join Date: May 2009 Location: Mumbai / Pune B Posts: 806 Thanked: 214 Times	@ nitrous, I totally agree with you that as the car price is slashed by 1L, it may be discontinued by GM or GM may also be launching facelifted version of Optra Magnum as the sale figures of this particular car looks to be quiet good.
	() Thanks

24th September 2010, 11:35	#19
octane_100 BHPian Join Date: May 2008 Location: KA-09 Posts: 759 Thanked: 1,378 Times	How about bringing the Cruze hatch with the 2.0L diesel motor? If they are able to price it at <10L OTR they would be giving the customers a modern stylish car (albeit with an old but powerful engine). Looking at how the premium hatches are flying off the shelf, this might be a good experiment for GM?
	() Thanks

19th October 2010, 22:06	#20
breezydrive BHPian Join Date: Aug 2007 Location: NOIDA Posts: 750 Thanked: 125 Times View My Garage	Full Page ads on almost daily basis are appearing in Delhi newspapers these days! e-paper Sign-in Amazingly loaded OPTRA MAGNUM at a special offer price, only for a Limited period 1.6 L VGIS - Rs.6.99 Lakhs 2.0 L TCDI - Rs.8.09 Lakhs ACC, ABS, Leather upholstrey, sunroof, Double Din Music, Alloys...! Mouthwatering price indeed!
	() Thanks

19th October 2010, 23:04	#21
pgsagar Senior - BHPian Join Date: Nov 2006 Location: Vizag Posts: 2,628 Thanked: 3,566 Times View My Garage	While most may be writing Optra's obituary, I consider it a rebirth provided GM handles it well. If GM brings the price down to Fiesta/Linea/Verna/Vento level, GM will have set a cat among the pigeons. Magnum is a size up on these cars and in performance department, it will leave them standing. But 1 lakh lowering is not enough. Some more price cut and it will be in business. GM should refrain from killing the car and learn from Maruti which seldom kills any car.
	() Thanks

19th October 2010, 23:25	#22
Abhas BHPian Join Date: Sep 2010 Location: Chandigarh , Delhi Posts: 25 Thanked: 3 Times	Something which I noticed in the Optra Magnum advertisment : In last month's ad it was mentioned "Offer till 30th Sep" ; But now its "Prices valid till Stocks Last" ! I think it clearly shows GM is phasing out this model soon and clearing up its inventory ! Would it still be a good buy ?
	() Thanks

20th October 2010, 10:06	#23
ahuja365 BHPian Join Date: Aug 2008 Location: Jamshedpur Posts: 216 Thanked: 16 Times	This is the reason one must not buy chevrolets,their strategy is bad for old customers.Because of this polict hyundai,ford and chevrolet never command apremium but look at toyota and honda,whatever happens they never reduce prices so the customers are regained and they are called premium.
	() Thanks

20th October 2010, 10:17	#24
basilmabraham BHPian Join Date: Apr 2006 Location: Sydney/Cochin Posts: 772 Thanked: 76 Times View My Garage	Also the price shown is for the LS version, which does not have most of the 'loaded' fetures. The LT which is fully loaded costs 10.48 on road in Trivandrum. It would be worth buying if the on road price is comparable to the Fiesta/Linea etc.
	() Thanks

20th October 2010, 10:26	#25
brraj BHPian Join Date: Feb 2006 Location: bangalore Posts: 913 Thanked: 1,282 Times	On road price of Magnum LT tcdi in Bangalore is 10.35lkh. Tempting.
	() Thanks

20th October 2010, 12:50	#27
Zero Cool BHPian Join Date: Feb 2010 Location: Gurgaon Posts: 202 Thanked: 6 Times	I still think that a at this price optra 2.0 tdci is a better purchase than a verna or fiesta or even better than linea. as if after 5 years and 1L of running any of the above mentioned cars will give a good resale
	() Thanks

20th October 2010, 13:30	#28
blackbeast BHPian Join Date: Jun 2009 Location: Bangalore Posts: 349 Thanked: 161 Times	I would still drop it for its ageing design and outdated interiors. Upon bargain, once could get a further slash of 50k to 1L easily.Remember the price cuts for Previous Gen Laura when it was discontinues. Vento has done the maximum damage for this car if not the stylish Cruze under the same roof.
	() Thanks

20th October 2010, 14:13	#29
throttleking BHPian Join Date: Oct 2007 Location: Pune Posts: 804 Thanked: 447 Times	Optra Magnum Diesel is a very good car, which is ignored by many. and in this price its a great deal. My Magnum has clocked almost 50k now and still feels like a new, ownership experience so far is great.
	() Thanks

20th October 2010, 15:34	#30
Ice BHPian Join Date: Mar 2006 Location: Blr/Chn Posts: 362 Thanked: 348 Times	I've learnt one lesson in the last 10 years: DON'T BUY A SUNSET MODEL Fiat Petra (rebadges Siena at rock-bottom prices) Hyundai Accent Executive Daewoo Nubira Fiat Uno S (Diesel) Parts will always be an issue, and will hurt the ownership experience.
	() Thanks