Indian luxury car market, comprising top five players -- Mercedes, BMW, Audi, JLR and Volvo, witnessed a total sales of 40,340 units in 2018 and is expected to see a decline in 2019
Lower-cost cars are booming as younger collectors pile in
Analysts and industry representatives fear that the slowdown in new car sales could have a spillover effect on the used car market
As of now, carmakers introduced 12 new models in the last four months, while pulling out old ones. Here's the list of new cars:
India's utility vehicle market grew at a compounded annual growth rate of 11 per cent between FY13 and FY18, faster than the 3 per cent growth seen by passenger cars
According to Amitabh Kant, every second car being sold will be in India
Of this, 96,000 are commercial vehicles, 600,000 two-wheelers and 40,000 three-wheelers
Tata now occupies the fourth slot with the incremental volumes from the Tiago