Luxury Car Sales

German luxury carmaker Mercedes-Benz expects India to be its fastest growing market globally, maintaining the feat that it had achieved last year as well, according to a senior company official. Mercedes-Benz India, which had planned to launch ten new products this year, is delaying some of the launches, pushing it to the second and third quarters of 2023 (calender year) due to supply chain constraints with an aim to avoid further increasing the waiting period of its products. "I still see India to be shining among all the other countries. When we see our global reports the growth is still there in India even in the first two months of the year. (It is) too early to call for the full year but if I have to go by the first two months results, it is quite strong and positive compared to many other markets across the world," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He was responding to a query on whether India can continue to be the company's fastest growing .

Lamborghini has already received orders for 100 cars in India in less than two months

India's used-luxury-car market is growing 20% annually, with sales volume averaging more than 60,000 units a year, according to Spinny

Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022

The company owned by Tata Motors said that it reflects gradual improvement in chip supplies

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Deliveries in the first half of 2022 also advanced at a brisk pace, soaring 56 per cent to 7,573 units in the January-June period

According to a report, the sales of super-luxury cars, priced over Rs 2 crore, are likely to cross pre-pandemic levels in 2022

Company says spike in order is driven by the new C-Class model that starts at Rs 55 lakh (ex-showroom).

With costs of many raw materials flaring amid bottlenecks, companies have been testing how much they can raise prices after years of subdued inflation

Toyota's luxury car arm Lexus on Wednesday launched the all-new version of its NX 350h SUV in India with a price starting at Rs 64.9 lakh (ex-showroom).

According to Knight Frank report, art emerged as the top investment avenue

BMW Group India had planned to launch 28 products this year: 15 BMW; five MINI; and eight Motorrad, said CEO Pawah

A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to automaker Audi

Despite challenges from second Covid wave, BMW India has sold 70 per cent more luxury vehicles at over 9,600 units at group level across its three brands during first nine months of year

German luxury carmaker Mercedes-Benz on Thursday said it will start selling its all-electric SUV EQC across all dealerships in India under the phase II expansion strategy.

The carmaker said it had paid a 373 million euro ($441 million) fine over collusion on setting standards for the Adblue additive used in diesel cars

Luxury carmaker Mercedes-Benz on Thursday reported a 65 per cent growth in its retail sales in India at 4,857 units in the first half of 2021 driven by new launches and strong demand for top-end cars

According to the CEO, last year the company saw a V-shaped recovery after the first lockdown was lifted

Obsessed with keeping a lid on borrowing costs, the government is making things worse for the common man by its regressive consumption taxes.