India Luxury Car Market Share

Statistics for the 2023 & 2024 India Luxury Car market share, created by Mordor Intelligence™ Industry Reports. India Luxury Car share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Team License

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Corporate License

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Market Share of India Luxury Car Industry

Some of the prominent players in the market are Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Lexus, and Volvo, among others. Mercedes-Benz, BMW, and Audi are the top luxury car manufacturers. These car manufacturers have collectively reported sales of around 22,500 units through 2021. Major Luxury car brands are expanding their network across the country. For instance,

  • In March 2022, Audi planned to develop the market in India by bringing in more brands and expanding the network across the country. Internationally, the electric SUV is available with two battery options - 52 kWh and 77 kWh - in multiple variants. Like the e-Tron, the Q4 e-Tron is offered in both SUV and coupe-SUV body styles.
  • In October 2021, Mercedes Benz unveiled a new business model that helped boost car sales in India. As part of the new strategy, the luxury car manufacturer intends to offer benefits of 1-2 lakh INR on the selling price to its customers.

India Luxury Car Market Leaders

  1. AB Volvo

  2. JAGUAR LAND ROVER LIMITED

  3. AUDI AG

  4. Mercedes-Benz AG

  5. BMW AG

*Disclaimer: Major Players sorted in no particular order

India Luxury Car Market Concentration

Luxury Car Brands in India Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)