Luxury car penetration in Indian PV market stand at ~1%, one of the lowest globally. In CY24, Domestic annual luxury car sales stood at ~51.5k units amidst total PV sales pegged at ~4.3 million units. Thus, with significant growth in income levels, consequent rise in HNI’s/UHNI’s share of population & growing consumer preference for premium products, there exists significant tailwind of growth for luxury car segment in India.
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