The indian luxury car market is expected to grow from $4.14 billion in 2022 to $7.38 billion in 2029, growing at a cagr of 9.74 percent according to market. At over 20 percent, the luxury car market grew at more than double the pace of the mainstream car market in 2023, with volumes estimated to have hit a new peak of. Get a sample of this industry analysis as a free report pdf download.
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India's luxury car market has seen a surge in sales, with a 38% increase in june.
Luxury car sales in india reached a record high of 42,731 units in 2023, marking a 20% yoy increase.
Valued at usd 1.06 billion in 2021, the indian luxury car. Bmw and mini brands also. Porsches, lamborghinis and mercedes are roaring through the streets of delhi and mumbai as demand for luxury cars rises in india, a sign of the country’s. The luxury car market in india accounted for 1 percent of the overall passenger vehicle market in 2022, and with the outperformance at the top end of the market in 2023, the penetration.
Mercedes grew by 11 percent to sell 12,768 units, despite still facing supply constraints for its core gla, glc and gls models. Bmw india too grew by 10 percent,. 2023 & 2024 india luxury car market size report includes a forecast to 2029 and historical overview. Luxury car sales in india are nearly 1 per cent of the total market, while in the us it's 15 per cent and it's 17 per cent in china.
By 2030, the luxury car market’s penetration could potentially increase to over 1.5 to 1.8% of the overall indian passenger vehicle market.
Discover the top upcoming luxury cars hitting the indian market in 2023, including new models from mercedes, bmw, audi, and mini. One of the biggest factors that's keeping. Luxury car market in india poised for record sales in 2023 after stellar h1 numbers.
