FY23-24 Luxury Car Sales in India - Brief Overview & Analysis team-bhp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from team-bhp.com Daily Mail and Mail on Sunday newspapers.
Mercedes Benz also affirmed that Increased focus on the electric car segment reflected in the growing customer preference for Mercedes-Benz BEV portfolio, that grew by 3X with 4 percent contribution in CY 2023 sales
Industry estimates put the number of luxury vehicles sold in India in 2022 at around 34,000 units. That’s up 50% from 2021. Yet, this segment accounted for just 1% of the overall PV market in 2022. In 2023, the figure may rise by 0.1-0.2%