India’s luxury car market experienced remarkable growth in 2024, despite broader challenges in the automotive sector. Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models.
Indian buyers are increasingly looking for luxury cars that offer a high level of comfort, performance, and technology.
FADA has released the vehicle registration data for luxury cars for October 2024.
Mercedes-Benz trumps the luxury carmaker’s sales; the second spot is taken by BMW, followed by JLR.
Luxury carmaker sales for October 2024:
Mercedes-Benz: 1,792 units, up from 1,374 units in October 2023.
BMW: 1,475 units, up from 1,165 units in October 2023.
Maharashtra government has introduced major changes to motor vehicle tax, which is likely to affect car owners, electric vehicles, and commercial vehicles.
Mahindra has a structured production ramp-up plan to meet growing demand. The BE 6e is a sporty, performance-driven SUV, while, the XEV 9e is a luxurious SUV with refined elegance. The XEV 9e and BE 6 are based on the same platform.
BYD India has launched updated versions of both the Atto 3 and Seal for the 2025 model year. The upgrades have been introduced on the launch anniversary of the BYD Seal.