Page 2 - Luxury Car Sales

Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31 per cent yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model. Volvo Car India had retailed 1,851 cars in the domestic market in 2022 calendar year, the company said in a statement. The locally assembled all-electric XC40 Recharge performed exceptionally well, with 510 units being sold during this period, it said, adding, the XC60, the top-selling model, witnessed a significant surge, resulting in 921 deliveries in 2023. The C40 Recharge has also shown good response and accounts for 180 units within a short period in 2023, with Kerala and Tamil Nadu markets seeing 100 deliveries each. "The year 2023 has been an impressive year in terms of growth. A 31 per cent growth over the previous year exhibits consumer confidence," said Jyoti Malhotra, Managing Director, Volvo Car India. The surge in XC40 Recharge sales and the encouraging response to C40 Recharge highlights the stron

After an impressive festive season, car sales likely to cool down in Dec

December is usually marked with weaker sales as customers tend to wait for the new year to get the newest cars with the changed model year

BMW India to hike car prices up to 2% from Jan 1 due to rising input costs

German luxury carmaker BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs. BMW India's decision to implement a price increase across model range is a response to a confluence of factors, BMW Group India President Vikram Pawah said in a statement. "In the face of evolving dynamics, fluctuations in exchange rates, and rising input costs, this price adjustment will sustain the crucial balance that allows us to consistently deliver the high standards and power-packed experience our customers associate with BMW vehicles," he added. BMW India sells a range of luxury vehicles, starting from the BMW 220i M Sport to the BMW XM, priced between Rs 43.5 lakh and Rs 2.6 crore. The company joins the likes of other passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, .

Luxury carmaker Lamborghini's Revuelto sold out in India, globally for 2026

The strong demand for Revuelto is being driven by a growing number of new customers, including a 20 per cent increase in first-time buyers in India

Luxury carmakers Mercedes, Audi see record sales in festive season

Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country. Driven by brisk sales throughout the year, the luxury car industry in India is hopeful of achieving its best-ever performance this year. In an interaction with PTI, Mercedes-Benz India Managing Director Santosh Iyer said the festive season this year from Onam to Diwali has been better than last years', owing to multiple new launches, an attractive portfolio and also strong customer sentiment. "We have seen record deliveries during Dussehra, Dhanteras and Diwali reflecting customer enthusiasm," he noted. Iyer said that the automaker continues to have a positive industry outlook, expecting record sales this year. It however expects supply chain-related disruptions to continue to pose challenges, affecting the production and availability of SUVs, especially the GLC. "We continue to have a positive industry outlook, expecting record sale

Lotus Cars makes India debut with Eletre electric SUV at Rs 2.55 crore

India is currently considering a proposal to lower import taxes on British luxury EVs as part of the ongoing India-UK free trade agreement discussions

Driving the change: Luxury car buyer is getting younger in India

Around 59 per cent of BMW buyers (in the luxury class) are aged between 31 and 45 years, and 35 per cent of its buyers are existing customers

BMW posts record car sales at 9,580 units in India in Jan-Sep period

German luxury vehicle maker BMW Group on Friday reported a 10 per cent rise in total car sales at 9,580 units in India in the first nine months of 2023, driving towards another record sales in the year. The group's three brands -- BMW, MINI and BMW Motorrad (two-wheeler) recorded the best-ever January-September period sales in the country, BMW Group India said. The BMW brand clocked 8,998 units in the first nine months of the year, up 10 per cent from the year-ago period, while the MINI brand posted 582 units, also at a growth of 10 per cent. The group's premium motorcycle brand BMW Motorrad registered sales of 6,778 units in the January-September period, rising 26 per cent from the same period a year ago. "After the first half results, which was the best ever first half in our history, quarter three has been even more promising because we knew that we did all the launches in the first quarter of 2023 and all the suppliers ramp up started from the second half of this year...we have

Swedish luxury carmaker Volvo revs up with EVs, eyes record sales in 2023

Earlier, its peak sales was in 2018, when it sold 2,600 cars

Luxury car sales up 38% YoY in June, more growth than overall vehicle sales

Going by the current trend, luxury car sales will cross the 40,000 mark taking over the pre-pandemic peak achieved in 2018

Mercedes-Benz expects India to be its fastest growing market this year too

German luxury carmaker Mercedes-Benz expects India to be its fastest growing market globally, maintaining the feat that it had achieved last year as well, according to a senior company official. Mercedes-Benz India, which had planned to launch ten new products this year, is delaying some of the launches, pushing it to the second and third quarters of 2023 (calender year) due to supply chain constraints with an aim to avoid further increasing the waiting period of its products. "I still see India to be shining among all the other countries. When we see our global reports the growth is still there in India even in the first two months of the year. (It is) too early to call for the full year but if I have to go by the first two months results, it is quite strong and positive compared to many other markets across the world," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He was responding to a query on whether India can continue to be the company's fastest growing .

Just two months into 2023, Lamborghini crosses its India sales target

Lamborghini has already received orders for 100 cars in India in less than two months

BMW, Audi and Mercedes most preferred luxury car brands among young Indians

India's used-luxury-car market is growing 20% annually, with sales volume averaging more than 60,000 units a year, according to Spinny

Drivers of change: More women buy luxury cars in post-pandemic shift

Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022

Jaguar Land Rover reports 5.9% jump in retail sales in Q3, wholesale up 15%

The company owned by Tata Motors said that it reflects gradual improvement in chip supplies

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Mercedes-Benz in top gear, sees the highest ever June quarter sales

Deliveries in the first half of 2022 also advanced at a brisk pace, soaring 56 per cent to 7,573 units in the January-June period

No slowdown for India's super-rich as super-luxury cars sell like hot cakes

According to a report, the sales of super-luxury cars, priced over Rs 2 crore, are likely to cross pre-pandemic levels in 2022

Mercedes-Benz logs record sales in India, sees luxury car market reviving

Company says spike in order is driven by the new C-Class model that starts at Rs 55 lakh (ex-showroom).

Costly beer and luxury cars? Consumers and profits fine with that

With costs of many raw materials flaring amid bottlenecks, companies have been testing how much they can raise prices after years of subdued inflation