India Luxury Car Market Trends
Di: Everly
Also Read: Tata Motors global tax outgo at Rs 38,892 crore in FY25 Global auto companies are under mounting pressure to decarbonise their fleets, particularly in China,

Automobile Industry Performance
Projections for 2024 hint at the luxury car market surpassing the remarkable 50,000-unit sales milestone for the first time. This surge comes as a testament to the industry’s
Worldwide: Revenue in the Luxury Cars market is projected to reach US$27bn in 2025. The Luxury Cars Market segment includes passenger cars of an average footprint around 5m2 (54 ft2), an average
Luxury Cars Sales in India – Trend Analysis. Play Video. Play Video. Top 10 selling cars in India – H1 2020. Play Video. Play Video. GST Study Series – Part 3. Play Video. Play Video . GST
Report Description India Luxury Car Market Trends: The India luxury car market is significantly driven by the rising disposable income among India’s affluent population, which
India Luxury Car Market Size And Forecast. The India Luxury Car Market size was valued at USD 1.08 Billion in 2024 and is projected to reach USD 1.64 Billion by 2031, growing at a CAGR of 5.40% from 2024 to 2031.
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India Business News: As luxury real estate shows signs of fatigue, insights from the CEO of Raymond Realty shed light on market dynamics and opportunities in premium housi
Luxury car sales in India surge to record high, up 20% YoY
Luxury car sales in India reached a record high of 42,731 units in 2023, marking a 20% YoY increase. Carmakers attribute the surge to post-Covid lifestyle changes, with younger
IMARC Group provides an analysis of the key trends in each segment of the India Luxury Car market, along with forecast at the regional, and country levels from 2025-2033. The market has
India used luxury car market size is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 16.30% from 2024 to 2032.
India: Revenue in the Passenger Cars market is projected to reach 0.00 in 2025. The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and
In 2024, the Indian luxury car market is set to cross the 50,000-unit sales mark for the first time, with key players gunning for a strong double-digit growth, even as the
By 2030, vehicle sales are anticipated to reach 5.1 million units. “A low car penetration rate of only 44 cars per 1,000 people underlines the significant growth potential in
India Luxury Car Market Trends: The market in India is primarily driven by the expanding automotive industry. Furthermore, the emerging trend of purchasing used luxury
Luxury Car Market Size. The global luxury car market size was valued at USD 21.7 billion in 2024 and is projected to grow at a CAGR of 7.4% between 2025 and 2034. The increasing number of ultra-high-net-worth individuals and rising
Indian luxury car segment is driving towards an all-time high sales this year with the big three, Mercedes-Benz, BMW and Audi, posting record numbers in the first half of 2023.In
However, the future of hybrid vehicles in India remains uncertain, as the government currently incentivizes EVs over Hybrids, making hybrid cars in India less financially

India’s luxury market is experiencing unprecedented growth, with a projected 20% CAGR, set to reach $200 billion by 2030. This blog explores the factors driving this expansion, from rising
The India Passenger Car Market is expected to reach USD 42.72 billion in 2025 and grow at a CAGR of 5.56% to reach USD 53.04 billion by 2029. Hyundai Motor India Limited, Kia
Emerging Trends in India’s Luxury Car Market. Electric Vehicles (EVs) Going Mainstream: Brands like Audi, BMW, and Mercedes are investing in electric cars for the Indian
India’s luxury car market is experiencing remarkable growth in 2024, driven by a surge in wealth, a desire for high-performance vehicles, and improved road infrastructure.
Report Overview. The Global Luxury Car Market size is expected to be worth around USD 1286.2 Billion by 2033, from USD 660.0 Billion in 2023, growing at a CAGR of 6.9% during the
BMW Group, which calls this the Luxury Class segment—vehicles priced above Rs 1.5 crore—saw 8% growth and sales of 2,507 units. Nearly every fifth car that BMW sold in
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
India’s car market remains fiercely competitive, with domestic companies accounting for about a quarter of sales. Japanese, Korean and Chinese automakers—often
In 2023, the luxury car segment in India grew by around 20% with the highest-ever sales of around 47,000 cars in a calendar year, showcasing a robust demand despite global
Industry insiders estimate that the luxury car market grew by 6%, reaching approximately 51,200 units sold. The market grew by 9% in the first half (H1) of 2024 but slowed to 2-3% in the
Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers‘ estimated market share in
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