What is the current India Luxury Car Market size?

The India Luxury Car Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029) Read More

Who are the key players in India Luxury Car Market?

AB Volvo, JAGUAR LAND ROVER LIMITED, AUDI AG, Mercedes-Benz AG and BMW AG are the major companies operating in the India Luxury Car Market. Read More

What years does this India Luxury Car Market cover?

The report covers the India Luxury Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Luxury Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major challenges faced by the India Luxury Car Market?

Major challenges faced by the Luxury cars Industry in India are: a) High import duties on luxury cars b) Regulatory changes c) Economic impact of global events that affect consumer spending Read More

India Luxury Car Market Analysis | Industry Report, Size & Growth Insights

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

The luxury car market in India is experiencing a surge in demand due to the introduction of diverse models and customer-friendly financing plans, particularly for high-end SUVs. Major manufacturers like Audi, BMW, and Mercedes are introducing new upscale car models, while the market also sees a growing preference for electric cars. The plush car market is further strengthened by new entrants and government investments. The market is segmented into vehicle type, drive type, and price range.

India Luxury Car Industry Overview

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.