In 2023, the sales volume of luxury cars in India increased to 42.7 thousand units, an all-time high, and it's above the pre-pandemic peak of 40.7 thousand units sold in 2018. The decline between 2019 and 2020 was partially due to the economic impact of the coronavirus pandemic and new emission norms. The German brands such as Mercedes-Benz, Audi, and BMW were the top three players in this segment.
Sales volume of luxury vehicles in India from 2002 to 2023
(in 1,000 units)
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The Economic Times. (January 15, 2024). Sales volume of luxury vehicles in India from 2002 to 2023 (in 1,000 units) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/
The Economic Times. "Sales volume of luxury vehicles in India from 2002 to 2023 (in 1,000 units)." Chart. January 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/
The Economic Times. (2024). Sales volume of luxury vehicles in India from 2002 to 2023 (in 1,000 units). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/
The Economic Times. "Sales Volume of Luxury Vehicles in India from 2002 to 2023 (in 1,000 Units)." Statista, Statista Inc., 15 Jan 2024, https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/
The Economic Times, Sales volume of luxury vehicles in India from 2002 to 2023 (in 1,000 units) Statista, https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/ (last visited November 23, 2024)
Sales volume of luxury vehicles in India from 2002 to 2023 (in 1,000 units) [Graph], The Economic Times, January 15, 2024. [Online]. Available: https://www.statista.com/statistics/1204632/india-number-of-luxury-vehicle-sold/
