PROSPECTS AND OPPORTUNITIES
Growing affluence, coupled with technology and sustainability, to drive future demand for premium and luxury cars
Demand for premium and luxury cars in India is set to grow over the forecast period (with a 6% volume CAGR), driven by a combination of favourable economic and demographic trends. The continued expansion of India’s affluent population, including an increasing number of high-net-worth individuals (HNWIs), is expected to fuel demand, supported by steady GDP growth and rising disposable incomes.
Luxury car manufacturers to launch electric models with advanced features
In the coming years, premium and luxury cars in India is poised to witness the launch of several innovative electric and hybrid models, underscoring the industry’s commitment to sustainability and technological advancement. New or updated models by brands such as Audi and Mercedes-Benz are likely to introduce advanced electric powertrains with significant improvements in range and efficiency.
Manufacturers expected to prioritise connectivity and sustainable technology
Key producers of premium and luxury cars in India are expected to concentrate on enhancing connectivity and smart technology integration over the forecast period to capture the discerning high-income consumer base. The integration of advanced infotainment systems, seamless smartphone compatibility, and over-the-air updates will be crucial in differentiating offerings within a highly competitive landscape.
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Overview:
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Premium and Luxury Cars in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in India?
- Which are the leading brands in Premium and Luxury Cars in India?
- How are products distributed in Premium and Luxury Cars in India?
- How important is tourism in evaluating demand for Premium and Luxury Cars in India?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in India - Category analysis
KEY DATA FINDINGS
Premium and luxury cars driven by sustainability and technology advancements
Global brands dominate sales with expanding portfolios
Luxury car brands drive growth through electric mobility and customisation
Growing affluence, coupled with technology and sustainability, to drive future demand for premium and luxury cars
Luxury car manufacturers to launch electric models with advanced features
Manufacturers expected to prioritise connectivity and sustainable technology
Luxury Goods in India - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
DISCLAIMER
Premium and Luxury Cars
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Premium and Luxury Cars research and analysis database.
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