Luxury car sales in India hit record high in 2023
Image Credit: times now
The Indian luxury car market grew at more than double the pace of the mainstream car market in 2023. The sales are estimated to have hit a new record high of around 47,000 units, representing a year-on-year growth of over 20%. Cars priced above Rs. 1.5 crore saw massive sales growth. In 2023, Mercedes-Benz reported its best-ever annual sales, selling over 17,400 units and achieving a 10% growth. BMW also experienced an 18% increase in sales to 14,172 units.