Luxury car manufacturers are continually lining up new cars for India. Even after such a high inflation, the luxury car segment is not affected. This segment is constantly growing in India.
Earlier, the Indian luxury car market was headed by Mercedes-Benz. It was the only brand name in luxury segment. But, now many models and makes have emerged. Some of the popular and leading luxury car makers today are BMW, Porsche, Rolls Royce and Audi. All these manufacturers have come up with unique, stylish and elegant cars like Audi A4, Porsche 911 Carrera, BMW 5 series and Mercedes E class.
Mercedes-Benz is also planning to roll out its spruced up M class and SLK models. All the models are priced between Rs 37 lakh and Rs 1.5 crore depending on the make and luxury features.
Most of the car manufacturers are moving towards small car segments and hybrids but luxury car manufacturers are still happy with the sale. Even the car dealers emphasise more on luxury cars.
Luxury cars have always been a leading concept in the Indian car market. Even though the inflation is high these days, these cars will definitely hold the market because of the number of celebrities and affluent people living in the country.
I don’t understand why luxury car makers are lining up new models even though the volumes are low and inflation is high. I know that India is a growing market but it is growing in all aspects, growing higher and higher in terms of fuel prices, production costs and skill costs as well.
I agree partly with the previous comment but the high inflation rates are creating hazzles in the Indian car market so why would one afford to buy luxury cars and even there has been a hike in fuel costs also. one will think n number of times to go for luxury cars according to the present market scenario.
Luxury cars are growing enormously in India from past few years. I just love luxury cars the market is booming pretty well. Many would like to buy good luxury cars than keeping cash in safe lockers or banks. However Mercedes has a good brand name and i just love Mercedes waiting eagerly for the new model to come into the Indian market.
I completely disagree with Anita’s comment. She says that India is a growing market and still rise up a question why luxury car makers are lining up new models. She herself is contradicting her own point. Don’t you think that the growing market in India is one of the key reasons why carmakers are driving in? The population of rich people in our country is increasing. These rich people are not affected by the rising inflation and are going ahead with luxury cars. If the customer base is constantly growing, car makers will definitely line up their models.
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