Retail sales of premium and luxury cars are expected to increase at a current value CAGR of 10% (6% 2023 constant value CAGR) over 2023-2028 to reach INR394.2 billion.
Rising online sales are expected within premium and luxury cars in India over the forecast period. Consumers are starting to buy big-ticket items like cars online, after starting off buying smaller essential items via this channel, with this trend set to continue.
Electric cars are likely to become more significant within premium and luxury cars over 2023-2028, bolstered by investment by the government in the likes of rapid electric car charging stations and the advent of new technologies as a response to concerns about sustainability and a need to promote zero emission vehicles. As awareness of electric vehicles rises and consumers become both used to charging their own cars and more concerned about climate change, manufacturers will likely spend more on developing electric cars, thereby providing a greater variety of options for consumers to choose from.
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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.
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