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9 Interesting Facts Imported Luxury Cars For Sale In India | Second Hand Luxury Cars Under 10 Lakhs
- BMW X6 is credited to start this segment globally in 2008. SUV coupe, available only in luxury car segment, is catching up in India as well. All SUV coupe numbers put together commands 3% market share of luxury SUV category with considerable 408 units. This is significant, considering all SUV coupe price range starts over ₹ 70 lakhs. - Source: Internet
- Volvo was in the petrol engine transition phase and now has all petrol-powered cars in India. New design language makes them a looker and helps in better acceptance among an urban elite. Volvo is the only luxury car maker in India to offer ADAS features from entry-level XC40. Still, they have a lot of catching up to do with Germans in terms of outright performance and interior finesse. They also need to be more vocal in marketing, their cars have ADAS features, but never gone aggressive with its marketing. - Source: Internet
- The Wraith is Rolls-Royce’s take on a sporty, luxury coupé. The Wraith is far more dynamic to drive in comparison to its stablemates, without compromising on luxury and refinement. It is powered by a 632hp, 6.6-litre V12 and will set you back a cool Rs 4.6 crore (before taxes and options). - Source: Internet
- Mercedes has quite a good lineup of products in the Indian market, competitively priced diesel engine products and nearly every product is doing quite well. C-Class despite in its fag end of PLC sold in good numbers. No wonder why Mercedes Benz India MD is bullish on historically selling the most number of cars in 2022. The absence of diesel-powered Audi SUVs and sedans is also helping Mercedes’s cause here. Overall it seems in India - people prefer luxury and in-cabin space over the sportiness attribute of products. - Source: Internet
- The Mulsanne Speed is the embodiment of everything Bentley stands for. It is definitely one of the fastest ultra-luxury sedans in the world, being powered by a 6.8-litre V8 under the hood that puts out 537hp and a mammoth 1,100Nm of torque. - Source: Internet
- JLR is kind of lost in Indian market. Jaguar sedans are in dire straits with discontinued XE (unofficially) and CBU only XF. However, Range Rover products have shown good potential among Indian audience craving for luxury. Range Rover brand became new darling of celebrities from movie and cricket world. Despite high price, Range Rover Evoque and Velar are regarded as luxury accessories in urban India. - Source: Internet
- On top of that, input cost inflation in recent times and the rise in the price of precious metals used in emission control equipment added to the misery. Chip shortage added to supply-side constraints as well. However, despite all adversities, demand came back in the luxury car segment as well and most players are doing well. - Source: Internet
- The Indian luxury car market is going through a recovery phase after COVID-19 induced massive de-growth in 2020. Luxury car prices have also gone through the roof in the recent past. Adverse foreign exchange rate development in the recent past is one of the major reasons, as all luxury cars in India comes through CKD (completely-knocked-down) or CBU (completely-built-unit) route. Impact for different players is different, based on the currency their parent company chose to bill cars in India and the effective currency hedging policy their treasury department adopt. Euro has cooled down in 2022 but USD is still on the boil. - Source: Internet
- All imported Toyota Vellfire is priced over ₹ 90 lakhs ex-showroom and still sell in quite a large numbers. This speak a lot about premium imagery ‘T’ brand has and how phenomenal product is. This strange comparison shows how well Vellfire is selling, with BMW X5 is priced in similar price territory and the volume it is doing and volume most luxurious large luxury sedans together doing. Toyota now you tasted water, it is time to consider CKD assembly in India and sell even more Vellfire. - Source: Internet
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