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Luxury Car Sales: There are positive signs of consumption of luxury in our society. People are spending on buying small ticket items like coffee from big brands, buying costly mobile phones on EMIs, which is again a depreciating asset like a car. Santosh Iyer, MD and CEO of Mercedes-Benz India shares how the landscape of luxury car market has evolved in the country over the years and what the market leader is doing to keep up with the latest trends. He expects this segment in India to grow to about 80,000 units by 2030.

The new-age features really began to change the game when international OEMs and models came into the Indian market and consumers realised there is a lot more than just four wheels for a car. The key buying factor has moved away from fuel efficiency to external design, and safety and features to functionality, Tarun Garg, Chief Operating Officer, Hyundai Motor India, recalls at ETAuto Unplugged with Arun Malhotra, Industry Expert.

Indian Auto Parts Industry: The auto component industry provides a big opportunity for the country as about 50% of the manufacturing GDP of the country comes from the auto sector. In FY23, the Indian auto component industry clocked the highest-ever turnover of INR 5.6 lakh crore (USD 69.7 billion), and grew 32.8%.

Rural Auto Industry: The automotive industry in India as we know today has grown tremendously in the past four decades. Today, car penetration in the country stands at 27 per 1000. Several new companies have joined the bandwagon, a lot more new models were being introduced, and consumer interests have evolved.to higher levels and the urban-rural divide has been narrowing. This article looks at how the auto OEMs are shaping up their rural markets to broaden their customer base and scale up sales.