Luxury car sales in India surge to record high, up 20% YoY
Luxury car sales in India reached a record high of 42,731 units in 2023, up 20% YoY. The increase is attributed to a lifestyle change after Covid-19, with younger professionals opting for high-end cars.
The trend is expected to continue due to rising disposable income levels. The growth potential of this segment is significant, given the low penetration of the segment.