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Sales of luxury cars with price tags of more than ₹1 crore raced past those costing ₹75-99 lakh for the first time in India in the first nine months of this year, according to estimates of market research company Jato Dynamics.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate.
Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways Vahan dashboard.
Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
Lexus India: This limited-run special edition, taking personalization to a new level, comes equipped with special upgrades and luxury lifestyle offerings such as the Scuff Plate Illuminate, Welcome Logo, Rear Lamp Chrome Garnish, Headrest Pillow, Trunk Lid Spoiler, and handcrafted leather enhancements to enhance the ES s innate style and sophistication, the company said.