The Indian economy, which was temporarily suppressed due to the pandemic, is projected to recover strongly over the forecast period. This is linked to the government’s focus on economic growth and the potential of several industries focusing on setting up businesses in India as they move from China to mitigate the risks of depending on only one country for production.
There is a strong following in India of large sport utility vehicles (SUVs) amongst consumers as they offer a strong road presence which Indians particularly appreciate. In addition, the poor road conditions across major cities and smaller towns in the country are also pushing consumers to shift to these vehicles due to their ability to overcome rough road surfaces and offer a more comfortable ride to passengers.
Traditionally, demand for premium and luxury cars in India was mainly dominated by consumers who had the background of a third or fourth generation business family. However, this is gradually changing with projections for a strong rise in demand driven by aspirational consumers.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 Luxury Cars research and analysis database.
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