New Delhi, Oct. 17 -- Known for their enterprising spirit and their ability to strike good bargains, the Gujarati community has a global reputation for being shrewd businesspeople with an eye for great deals.

A recent demonstration of that formidable reputation took place in Ahmedabad, when members of the Jain community in the city, under an initiative by the Jain International Trade Organisation (JITO), bought 186 luxury cars ranging from Rs.60 lakh to Rs.1.34 crore across India, at a whopping discount of Rs.21.22 crore.

Gujaratis formed the bulk of the purchasers for this nationwide bargain that JITO facilitated, The Times of India reported.

With over 65,000 members across India, JITO has collaborated with dealers of top brands, incl...