Honda is advertising benefits of up to Rs 2.45 lakh on the Elevate during August 2026, but the headline number needs some unpacking. On the Elevate ZX, the maximum package includes Rs 50,000 cash discount and Rs 80,000 exchange bonus. The rest comes from loyalty and eligibility-based schemes, an extended-warranty discount and accessories such as cameras, ambient lighting and a dashcam.
In other words, Rs 2.45 lakh is the total stated value of the package, not Rs 2.45 lakh knocked straight off the ex-showroom price.
The offers are valid until August 31 and vary by model year, variant, location, stock and customer eligibility. Honda’s current range starts at Rs 11.80 lakh for the Elevate, Rs 11.99 lakh for the City and Rs 7.65 lakh for the third-generation Amaze, ex-showroom.
Under Honda’s first offer structure, the Elevate ZX MT and CVT get Rs 50,000 cash discount and Rs 80,000 exchange bonus. There is also a Rs 4,000 loyalty benefit, Rs 25,000 Honda exchange benefit, Rs 5,000 corporate benefit, Rs 10,000 self-employed benefit and Rs 19,000 discount on a seven-year extended warranty.
Honda then adds equipment valued at Rs 18,000 for a 360-degree camera, Rs 10,000 for ambient lighting and Rs 24,000 for a dashcam. Add everything and the stated benefit reaches Rs 2.45 lakh.
For someone who does not have a car to exchange, does not qualify for corporate or self-employed benefits, or does not value the accessories at Honda’s stated prices, the effective saving can be substantially lower.
Honda also has a second offer structure. On the same ZX, the cash discount rises to Rs 60,000 while the exchange bonus remains Rs 80,000, but the total package is lower at Rs 2.37 lakh.
The Elevate V with Apex package gets up to Rs 2.01 lakh under Option 1. That includes Rs 40,000 cash and Rs 40,000 exchange bonus, while the remaining value comes from customer-specific benefits, warranty discount and equipment. Elevate VX benefits reach Rs 1.57 lakh, with Rs 20,000 cash and Rs 30,000 exchange bonus.
The regular City SV, V, ZX and ZX+ get benefits of up to Rs 95,000. The structure is easier to understand: Rs 30,000 cash discount, Rs 50,000 exchange bonus, Rs 4,000 loyalty benefit, Rs 6,000 Honda exchange benefit and Rs 5,000 corporate benefit.
The City e:HEV gets much less. Its maximum benefit is Rs 15,000, made up of loyalty, Honda exchange and corporate schemes. There is no listed cash discount or consumer exchange bonus.
The third-generation Amaze ZX manual gets the highest Amaze package at Rs 67,000. It combines Rs 15,000 cash discount, Rs 15,000 exchange bonus, Rs 4,000 loyalty benefit, Rs 6,000 Honda exchange benefit, Rs 3,000 corporate benefit, Rs 10,000 self-employed benefit and Rs 14,000 extended-warranty discount.
The ZX CVT gets up to Rs 58,000, while the VX gets up to Rs 48,000. Honda is also discounting the older second-generation Amaze S MT and CVT by up to Rs 58,000.