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FY23-24 Luxury Car Sales in India - Brief Overview & Analysis

FY23-24 Luxury Car Sales in India - Brief Overview & Analysis
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Mercedes Benz India records highest-ever sales in 2023, up by 10% at 17,408 units

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

Luxury carmakers eye 2X growth rate of PV market in 2023

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%

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