Luxury car sales in India reached a record high of 42,731 units in 2023, up 20% YoY. The increase is attributed to a lifestyle change after Covid-19, with younger professionals opting for high-end cars. The trend is expected to continue due to rising disposable income levels. The growth potential of this segment is significant, given the low penetration of the segment.
Luxury car sales in India reached a record high of 42,731 units in 2023, up 20% YoY. The increase is attributed to a lifestyle change after Covid-19, with younger professionals opting for high-end cars. The trend is expected to continue due to rising disposable income levels. The growth potential of this segment is significant, given the low penetration of the segment.
New Delhi, Dec 11 (PTI) German luxury carmaker BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs.
BMW Car Sales: In the first nine months of the CY 2023, the luxury carmaker delivered 8,998 BMW cars, 582 units of MINI (a total of 9,580 cars) and 6,778 BMW Motorrad motorcycles.