Indian luxury car market january 17 2018 january 25 2018 admin autopedia cars mercedes benz was the first luxury car maker which has shown confidence in indian market and set up assembly plant near pune after indian government has allowed foreign auto makers to set up factory through direct investment route in early 90s. Some of the major players in the market studied are mercedes benz bmw lexus audi volvo land rover and jaguar and tesla.
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The growing opportunity in the sector has been investigated along with capturing initiatives and.
Luxury car market share in india 2018. India is poised to become the worlds third largest automotive market by 2019. The indian luxury car market is dominated by luxury cars manufacturers like mercedes benz bmw volvo audi and jaguar. India is one of the largest passenger vehicle.
In 2018 mercedes benz dominated the luxury car market with a market share of approximately 16 followed by bmw. Discounts of up to rs 115 lakh on honda cars big discounts on hyundai verna santro grand i10 reviews. Mercedes benz is the best selling luxury car maker in india followed by.
This makes the country one of the youngest luxury car market thus a lucrative market for luxury car manufacturers to grow. This statistic shows the car market share in india in 2018. Hyundais market share reached around 16 percent.
Assessment of indias luxury car market 2018 highlights key dynamics of indias luxury car market. The top five luxury car manufacturers jointly sold 40340 units in 2018 compared to 38989 units sold in 2017 a growth of 34. The other players in the market studied include ferrari lamborghini and porsche among others.
Mercedes benz leads the luxury car market in the us with a luxury car market share of some 158 percent.
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