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  • The market is projected to experience significant expansion as luxury SUVs become more popular with consumers who previously preferred luxury sedans and premium hatchbacks. International automakers like BMW, Mercedes Benz, Volvo, and Audi create new models each year to suit the demand that is always increasing. For example, - Source: Internet
  • We have a sizable order backlog of more than 6000 cars, which makes our market view very positive, said Schwenk. We’re also attempting to improve production to keep up with demand. However, despite these supply issues, we think 2017 could be Mercedes’ best year ever in India. The automaker previously reported a 2018 top sales total of 15,538 vehicles. - Source: Internet
  • These positive signs also indicate the turnaround, and the consequent recovery trajectory, the luxury car market in India. The sales of the luxury car market in India were derailed by the onset of the pandemic and the nationwide lockdown—with dwindled footfall in showrooms, halted production and supply-chain disruption to curtail the spread of the virus. According to ICRA, the market contracted by almost 50% over CY2019-CY2020 — from annual volumes of about 39,640 in CY2018 to about 19,439 in CY2020. - Source: Internet
  • Thinking of where to dive in for the ultimate selection of pre-owned luxury cars in India? Well, look no further than the immaculate capital city of Kerala, Trivandrum and Mangalore ornamented with the best exotic showrooms from Link 4U Global. Experience the freedom of royal drives with the renowned brands of Rolls Royce, BMW, Mercedes Benz, Lamborghini, Ferrari, Porche and many more. Apart from being the prime sports car dealers in India for years, we take it more flexible with luxury brands of Harley Davidson, BMW, Ducati and Triumph for motorbike enthusiasts. Our showroom goes packed with technical experts, quality analysts and a dedicated relationship wing. Easy and hassle-free deals point to our exposure and commitment to deliver quality luxury cars wherever. - Source: Internet
  • The improvement in luxury car volumes in CY2021 notwithstanding, the segment sales still remain well below the all-time high, which was recorded in CY2018 the improvement in luxury car volumes in CY2021, the segment sales still remain well below the all-time high, which was recorded in CY2018—when 39,640 vehicles were sold. “The sales of luxury cars are expected to reach all-time levels over the next two years, aided by the recovery in demand for the segment. Notwithstanding the strong demand, the supply chain shortage will continue to act as a hindrance to the recovery prospects of the industry,” Gupta adds. - Source: Internet
  • The introduction of electric vehicles is the other aspect of the luxury car market that is creating a stir with the new generation. It is a desirable purchase because electric vehicles are supported by cutting-edge technology. The majority of luxury automakers are entering the electric vehicle market and preparing to localize their products to keep their prices appealing to consumers. - Source: Internet
  • Kochi: The tottering economy of Kerala is no match to a high-income country like Oman. But when you consider the sales of luxury cars, Kerala is shoulder to shoulder with the GCC country. In 2021, when Oman accounted for the sales of 560 units of top selling luxury car brand in the world Mercedes Benz, Kerala is not far behind at 520. - Source: Internet
  • Speaking to India Today, Martin Schwenk, MD and CEO, Mercedes-Benz India said, “We have seen a good demand for most of our portfolio, specifically those comprising the top-end of the luxury segment. Both the GLS Maybach and S-Class orders have been quite satisfying. We also see strong demand for our new E-Class sedan and GLA SUV.” - Source: Internet
  • The Indian government revised its luxury car-specific GST structure in 2017. The luxury automobile market recovered and the sales number was back on track in spite of this and the moderate growth in overall sale volume. For all of the luxury automobile manufacturers in the Indian market, 2017 ended up being the best year. - Source: Internet
  • Vinkesh Gulati, FADA president, said, “This time rural markets have been badly hit. Lockdown was imposed in most states in May and the auto retail for the month witnessed a ‘bloodbath’ as sales fell by 55 per cent on Month-on-Month basis." - Source: Internet
  • The Kerala luxury car market is buoyed by the rise in demand from entrepreneurs. Earlier, expatriate Malayalis had an upper hand. Now, corporate executives and professionals are also buying luxury cars. Presenting luxury cars as wedding gift is also on the rise. - Source: Internet
  • This sales data table looks at monthly sales performance for the midsize luxury car segment in the United States on a month to month basis for the entire year so far. It includes all major midsize luxury car models sold in the U.S market and you can see that the midsize luxury sales trends clearly. Seeing the individual midsize luxury car model sales performance in this way gives you a good sense of the momentum (good or bad). - Source: Internet
  • In November 2021, Audi launched its new luxury SUV for India- the new Q5 at a starting price of Rs 58.9 lakh. The Q5 is an important SUV since the earlier model formed a large chunk of its SUV sales in India. - Source: Internet
  • The subscriber base increased to 6k vehicles as of June 2022, resulting in a specified term for the marque’s automobiles. S-Class, C-Class, and E-Class waitlists are estimated to be 2-3 months long, while those for A-Class limousines, C-Class, and S-Class Maybach S 580 are 4-5 months long. Mercedes Benz India last recorded better H1 sales in 2018, with 8,061 cars. - Source: Internet
  • It is with this potential that Dhillon hopes the government would further facilitate the ease of owning luxury vehicles. “We strongly feel that this is an opportune moment for the Government to use this positive sentiment as a springboard to bring about reforms like rationalization of Duties/GST/Cess/Road Tax structure on luxury cars, which in turn will help the segment to grow and see its full potential,” he adds. Looking forward, Dhillon expects double-digit sales growth this year—on the back of sustained demand for Audi products, a strong order bank and new launches—including the recently launched Audi Q7 and Audi A8L in India. Audi has also announced that it will bring back its beloved Q3 SUV back to the Indian market. The love for Q3 did not stop even after it was shelved in 2020, as according to Dhillon, the Audi Q3, along with the Audi Q5, continue to dominate the pre-owned Audi car market. - Source: Internet
  • The automobile industry’s biggest setback occurred in 2016. Demonetization is the main justification. Of course, the reduction in diesel vehicle sales during the first half of the year also played a part. Thus, the industry experienced a significant decline in sales volume for the first time in ten years. - Source: Internet
  • Echoing similar views, Naveen Soni, President of Lexus India, says there is a change in customer mindset. “I would say that the YOLO effect – you only live once – was very much pronounced in the market. People started to look at luxury as not just luxury, and as such, they wanted to spend on their lifestyle. ‘You only live once’ means that whatever you have to do whatever you want within this life span and you want to enjoy the benefit of the hard work that you put in.” - Source: Internet
  • Among the luxury automobile manufacturers, Volvo experienced the most growth. The new SUV lineup from the corporation is more popular. Volvo Cars introduced the BS-VI compliant XC40 T4 R-Design petrol model in India in December 2019 for INR 39.9 lakh. The XC40 is the only car in its segment, according to the manufacturer, to incorporate radar-based Active Safety features like City Safety with Steering Assist, which kicks in at speeds over 50 km/h and aids in avoiding collisions. - Source: Internet
  • The mentioned sales figure shows that the Indian economy is now getting stable post-pandemic effects. Now, it has been proved that automobile sectors have improved in revenue and brought more economic changes. Till then, we have to accept that the growing figure of Mercedes, BMW and Audi is a positive sign. - Source: Internet
  • Sales of Jaguar Land Rover (JLR) SUVs increased significantly and made up more than half of all sales in the nation. JLR debuted a new Discovery Sport in India in February 2020 that complies with BS-VI, with starting costs of INR 57.06 lakh for the S model and INR 60.89 lakh for the R-Dynamic SE variant. - Source: Internet
  • German car manufacturers, BMW and Mercedes-Benz are popular names in the luxury car segments. Back in March, BMW sold 826 units to emerge as the highest-selling luxury car brand in India. Mercedes-Benz has missed the top spot by just 14 units as the company registered 812 unit sales in India last month. JLR takes the third rank with 214 unit sales in March 2021. - Source: Internet
  • “Since Covid, the market has made a significant recovery. One of the best requests we have ever seen in India is what we are seeing right now. We produced close to 4,000 automobiles during the first quarter, and we currently have an order bank of almost 5,000 cars. Santosh Iyer, vice president of sales and marketing for Mercedes-Benz India, stated, “We have never witnessed such a strong booking, order bank. - Source: Internet
  • Sales of luxury vehicles recovered after the epidemic and climbed by 40% to roughly 25,000 units in 2021. Mercedes-Benz increased sales 42.5 percent to 11,242 vehicles in 2021, despite starting from a low base, maintaining its dominance of the premium car market for the seventh consecutive year. The company plans to introduce 10 new goods this year in an effort to maintain the current momentum. - Source: Internet
  • Sharad Agarwal, Head, Lamborghini India said, “We are definitely doing far better than all the other players in the super-luxury segment. We are outperforming them.” - Source: Internet
  • 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. Major Players AB Volvo JAGUAR LAND ROVER LIMITED AUDI AG Mercedes-Benz AG BMW AG - Source: Internet
  • The BMW SAV line, produced locally, generated the bulk of the company’s sales. Approximately half of all transactions during the previous six months were made in terms of quantity. The 3 Series Gran Limousine and 5 Series were among the other category winners. - Source: Internet
  • These top three businesses experienced a significant increase in sales and YOY growth of about 82 percent in 2010. This resulted from an increase in the number of wealthy people. The Indian economy and available income were both booming. This indicated a rise in customer confidence and readiness to spend money on a high-end vehicle. - Source: Internet
  • Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Lexus, and Volvo are just a few of the industry leaders. Mercedes-Benz, BMW, and Audi are the leading premium automakers in India. By 2021, these automakers have recorded total sales of about 22,500 units. Major luxury auto brands are growing their networks all over the nation. For example, - Source: Internet
  • If you take the average sales of the past few years, Kerala is likely to be ahead of Oman. In fact, Kerala had seen sales of nearly a thousand Mercedes Benz cars. The sales went down due to the breakout of the coronavirus but are likely to get back to pre-pandemic levels this year itself. In terms of numbers, the India luxury car market is ahead of Middle East countries. But if you consider the price, the Gulf market has the advantage. - Source: Internet
  • Despite being significantly less, Audi India sales were said to be increasing. Sales for the first half of 2022 are up from 1,181 to 1,765 vehicles. With a capacity increase of 584 pieces, the volumetric rise was 49 per cent. - Source: Internet
  • • Under its luxury brand Maybach, Mercedes-Benz India debuted a new S-Class car in March 2022. The 2022 Mercedes Maybach S-Class has a starting price of INR 2.5 crore in India (ex-showroom). There will be locally produced and fully built models of the new Maybach S-Class available (CBU). - Source: Internet
  • A few years later, the Covid-19 pandemic’s effects on the planet have come back with a vengeance. The market for luxury vehicles has reached pre-pandemic sales levels and is expected to continue to expand. The Indian luxury car market, which was valued at USD 1.06 billion in 2021, is anticipated to expand by 7% CAGR to USD 1.54 billion by 2027. - Source: Internet
  • However, the silver lining is that this segment—which fell sharply than the mass-market segment—bounced back better than the latter. “The decline in the volumes of the luxury car segment was higher than the mass-market segment as such on account of the disruptions caused by the Covid-19 pandemic. As such, the bounceback in the segment’s volumes has been healthier as well, leading to higher sales growth than the mass-market segment.” - Source: Internet
  • International corporate houses have always been drawn to the Indian market. The Maharajas of yore, who were the ultimate buyers of luxury cars and consumer products, serves as a historical display of their long connection with the luxury and lifestyle goods business. Whether it be in the fields of fashion, accessories, beauty, health, or automobiles, numerous companies have enjoyed great success. - Source: Internet
  • Please login and post free properties on LuxuryAbode.com. In case any difficulty feel free to get in touch with us on homes@luxuryabode.com.. - Source: Internet
  • Jaguar Land Rover (JLR) SUVs also witnessed significant growth in sales and accounted for over 50% of the total sales in the country. In February 2020, JLR launched a new BS-VI compliant Discovery Sport in India at a starting price of INR 57.06 lakh for the S model and INR 60.89 lakh for the R-Dynamic SE model. The aforementioned developments and instances indicate a favorable environment in the Indian Luxury car market; hence, such advancements are likely to support market growth over the forecast period. - Source: Internet
  • Mercedes-Benz India sold a total of 11,242 units in 2021. “Internally, we see 68% growth in the top luxury segment, the TEV segment, compared to 28% growth overall. Today, 30% of our sales are in luxury vehicles. and cars priced above one crore rupees, which shows the transition of the Indian luxury car market,” Iyer told PTI. - Source: Internet
  • Even in underdeveloped areas, auto manufacturers are introducing EVs. Mercedes-Benz introduced the EQC SUV, its first luxury electric vehicle, in India in January 2022. Two asynchronous motors—one on each axle—produce a total of 408 horsepower and 765 Nm of torque and power the vehicle. A floor-mounted 85 kWh lithium-ion battery pack has a 400 km range that is WLTP certified. - Source: Internet
  • Recent Developments In March 2022, Mercedes-Benz India launched a new S-Class sedan under its luxury brand, Maybach. The 2022 Mercedes Maybach S-Class is available in India at a starting price of INR 2.5 crore (ex-showroom). The new Maybach S-Class will be available both as locally manufactured units and completely built units (CBU). - Source: Internet
  • “While sales have been stable and have even grown in the last few quarters, we have to see if this sentiment will sustain when things completely normalise. We strongly feel that this is an opportune moment for the government to use this positive sentiment as a springboard to bring about reforms like rationalisation of duties/GST/cess/road tax structure on luxury cars, which, in turn, will help the segment to grow and see its full potential,” Mr. Dhillion says. - Source: Internet
  • Buying used luxury cars in India was never this easy. You can now own your dream luxury car in just 4 simple steps at Big Boy Toyz, India’s No.1 trusted used car portal. - Source: Internet
  • Key Market Trends Luxury SUVs are Witnessing Rapid Growth in the Country Shifting consumer preference from luxury sedans and luxury hatchbacks to luxury SUVs across the country is likely to witness major growth in the market. To meet the growing demand, international companies like BMW, Mercedes Benz, Volvo, and Audi, are launching new models every year. For Instance, In June 2021, Mercedes-Benz launched Mercedes-Maybach GLS 600 became the first SUV ever to hold the Maybach brand name. - Source: Internet
  • Mercedes-Benz entered the Indian market as the country’s first luxury automaker in 2004. It had a market hegemony up until 2006 when BMW debuted there. Audi soon after, in 2007, followed suit. - Source: Internet
  • In the Gulf too, German brands like Mercedes, BMW and Audi lead the luxury car market. Hence, in total sales, these companies are neck and neck in both Oman and Kerala. BMW had sold 500 cars in Kerala last year. However, super premium brands like Lamborghini, Ferrari, Bentley, Rolls Royce and others have a bigger market share in Oman than Kerala. - Source: Internet
  • Increased demand from beyond metros has also helped strong demand for luxury cars. Lamborghini’s Mr. Agarwal adds that while New Delhi, Mumbai, and Bengaluru are still its bigger markets, the company is seeing a definite increase in demand from non-metro cities, with almost 25% of sales now from non-metro cities. “Today you can find a Lamborghini in Jodhpur, Indore, Ludhiana, Kanpur, Lucknow, Kochi, Kozhikode, Salem, Udupi, Madurai, and many more. This year, we have already delivered the first Lamborghini in the North-East, in Shillong, and the first Lamborghini in Daman,” he says. - Source: Internet
  • Ashim Sharma, senior partner & group head at Nomura Research Institute, says this trend is mainly on the back of the fact that the customer segments buying these vehicles are the ones who run large businesses and have seen good earnings. The stock market has also reflected the same till very recently. “In addition, the launch of performance variants by the luxury car makers which are priced higher are being picked up by the younger generation in such households driven by the desire to own something exclusive and/or are driven by superior driving dynamics/acceleration.” - Source: Internet
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