Landmark Cars: The auto reseller, which was listed last December, said total expenses fell nearly 9% to 7.55 billion rupees. A fall in the purchase of cars and spares, which constitute the bulk of costs, pushed expenses down. The decline in costs outpaced revenue from operations, which fell 9.6% to 7.71 billion rupees.
Automakers including Mercedes, Audi, BMW, JLR and Volvo have sold around 33,000 units during the first nine months of this year as against 36,000 units sold in 2022
The carmaker sells six models in the country, priced between INR 62 lakh and INR 3 crore. It has also commenced taking orders for the seventh model Lexus LM for the Indian market. "Input cost is going up and there is also a pressure due to the currency exchange rates," Lexus India President Naveen Soni said.
The luxury car market is increasing in demand due to the introduction of customer-friendly financing plans and diverse models, especially for high-end car b
Last year was a good one for luxury car manufacturers and 2023 is shaping up to be even better. More importantly, from a medium-term perspective, they have more growth levers to push