There should be two types on compensations currently.
- Refund of FED
- KIBOR + 3 from 61st day of full payment
FED - Dealerships are saying that they'd return the money after the vehicle is delivered in case you've made the full payment. Partial payment cases will pay the newer/lower price.
KIBOR + 3 - No one has a clue about it, I inquired the dealership about it and they gave me the most absurd answer possible. That the 60 day limit starts after the tentative delivery month. For example, in my case, I booked on April 7th (full payment), they gave me the delivery month of August (5 months), They'll be liable to pay the penalty starting October 2nd, 2021. I said, bro, I need to smoke whatever you're smoking becasue this makes 0 sense k you'll be liable to pay me any sort of penalty after using the money for 7 months? Then the other guy jumped in and said k sir hamara khial hai k from the date of full payment start hota but abhi company say koi update nahi aya.