India’s evolving economic landscape is set to significantly benefit premium and luxury cars in the forecast period, with a solid retail current value CAGR expected, driven by a rising number of affluent consumers and HNWIs. As the economy continues to grow, supported by robust GDP and increasing disposable incomes, more individuals are expected to enter the affluent class, and will be eager to invest in high-end cars which reflect their status and lifestyle.
The popularity of electric vehicles (EVs) is gaining momentum in India, particularly within premium and luxury cars, in which buyers are increasingly prioritising sustainability and advanced technology. Brands such as Mercedes-Benz, BMW, and Audi are witnessing a notable shift, as affluent consumers are embracing EVs at a faster rate than the mass market.
Tier-2 and tier-3 cities in India are becoming increasingly significant in premium and luxury cars, driving demand and reshaping the landscape for high-end automotive brands. As disposable incomes rise amongst consumers in these cities, more individuals are expected to invest in premium and luxury cars, reflecting a shift in purchasing power and lifestyle aspirations.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!