Record sales of luxury cars possible this year, first half performance is excellent
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The previous sales record in the luxury car segment was around 40,000 units, set in 2018.
The Indian luxury car market is set for record sales this year. A major reason for this is that the performance of companies like Mercedes-Benz, BMW and Audi has been excellent in the first half. In January-June this year, German luxury carmaker Mercedes-Benz registered its highest ever half-yearly sales in India with 8,528 units. This figure is 13 percent higher than the same period a year ago. BMW Group’s sales during the period under review stood at 5,867 units, its highest ever in any half year.
Another German luxury car maker Audi sold 3,474 vehicles in the first half of 2023, a year-on-year increase of 97 percent. “We estimate that in the first six months (of the year) around 21,000 cars have been sold in the luxury car segment and generally the second half is better than the first half,” Audi India chief Balbir Singh Dhillon told PTI. .
Therefore, we estimate that the entire luxury car segment should sell around 46,000-47,000 units this year, which will definitely be an all-time high.” was made.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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