Luxury Car Market In India 2019

Mercedes benz india continued to lead the way in the luxury space in 2019 and ended the final quarter of the year with positive year on year sales growth.

Luxury car market in india 2019. Download free sample now. July 2020 sales numbers of the 10 luxury carmakers that retail cars in india reveals that year on year demand has dropped by 59 percent to 924 units july 2019. India is a huge. The highest ever q4 sales culminated in a total of 3 871 units with 3 3 per cent volume jump.

Manufacturers such as segment leader mercedes benz and audi expect the situation to improve in the coming months though they also warn about. The india luxury car market is segmented by vehicle type hatchback sedan and suv drive type ic engine and electric price range inr 20 lakh 50 lakh inr 50 lakh 80 lakh and above inr 80 lakh and ownership type new car and pre owned. No real manufacturing and all of them stick to assembly lines instead of bringing the whole manufacturing ecosystem. Rahil ansari head of audi india said it was proving to be a tough year for the luxury car industry and he expects the market to shrink in 2019.

India s luxury car market shrank by as much as a quarter in the first half of this year industry executives said as a slowdown in economic growth and uncertainty around elections made buyers cautious. Cautiously optimistic is the word for 2019 one thought to luxury car market potential in india ravi says. According to industry estimates around 34 500 to 35 500 luxury cars were sold in india in 2019 as against 40 340 units sold in 2018.