As 2025 draws to a close, the automotive market is gearing up for an exciting year ahead. Several popular models are set to receive updates in 2026 to better meet evolving buyer expectations. And as manufacturers prepare for the upcoming launches, they are also looking to clear the existing inventory, offering attractive discounts on the outgoing models, which also have no waiting period. Here’s a detailed look at the top discounts on models that are set to be refreshed soon in 2026.
Disclaimer: Discounts vary by city and are subject to stock availability. Please check with your local dealer for the exact amount.
Skoda Kushaq
Discounts of around Rs 2.50 lakh
It is no news that the Skoda Kushaq facelift is likely to debut in January 2026 in India. Our dealership sources have confirmed that the outgoing model is available with discounts of around Rs 2.50 lakh, which includes an exchange bonus of Rs 50,000. However, Skoda is officially claiming to offer Rs 3.25 lakh off on the Kushaq, which could comprise some additional corporate and scrappage offers. Currently, the Skoda Kushaq is priced between Rs 10.61 lakh and Rs 18.43 lakh.
Outgoing Kia Seltos
Discounts of around Rs 1.60 lakh
The new-generation Kia Seltos will be the first car launch of 2026. As reported, the outgoing Seltos is on offer with discounts of around Rs 1.60 lakh, including an exchange bonus of Rs 40,000. The Seltos is currently priced from Rs 10.79 lakh to Rs 19.81 lakh, and the upcoming model launching on January 2 is expected to cost slightly more.
Mahindra XUV700
Discounts of around Rs 80,000
Mahindra has teased the facelifted XUV700 SUV, which will be called the XUV 7XO. With the facelift set to debut on January 5, 2026, some Mahindra dealers are offering the XUV700 with discounts of around Rs 80,000. Currently, the Mahindra XUV700 is priced between Rs 13.66 lakh and Rs 23.71 lakh.
Tata Punch
Discounts of around Rs 80,000
Tata has been testing the facelifted version of the Punch for some time now, and the micro-SUV is expected to get a mid-cycle update in 2026. Just like the XUV700, the Punch is available with discounts of around Rs 80,000. It is currently priced between Rs 5.50 lakh and Rs 9.30 lakh.
All prices are ex-showroom, India.