- The 89-day festive period in 2023 witnessed over 10 lakh passenger vehicle retail sales, surpassing the 8.10 lakh units sold during the 71-day festive season last year.
- Despite supply chain disruptions posing challenges, both Mercedes-Benz and Audi expressed confidence in the industry’s outlook for the rest of the year. Mercedes-Benz anticipates record sales despite ongoing supply chain issues affecting SUV production, notably the GLC.
- The luxury car market in India is predicted to grow significantly, reaching over USD 1.54 billion by 2027 from a value of USD 1.06 billion in 2021. Factors contributing to this growth include evolving customer preferences and increased demand for luxury cars with advanced technology and safety features