Luxury electric car sales surge in India, driven by young buyers. Uncertainties loom over market impact of new policies and Tesla s entry. Car manufacturers plan expansions to cater to evolving consumer demands and preferences.
Luxury EV Car Sales: Luxury electric vehicles sales in India are on the rise, with market leaders like Mercedes Benz, BMW, and Audi introducing new electric models to cater to the growing demand. The adoption rate of EVs in the luxury segment is expected to triple by 2030.
The company sales rose 51 per cent in the first quarter of this fiscal as compared to 2,440 units in the January-March quarter of 2022-23. Besides, BMW Motorrad sales stood at 1,810 units in the first quarter.
BMW India posts record sales at 22,940 units in 2023 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.