India Luxury Car Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     India Luxury Car 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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las t ing resul ts .
Accord ing  t o  t he  la tes t  repor t  by  IMARC G roup ,  t i t l ed  " Ind ia  Luxury  Car  Market :  
Indust ry  T rends ,  Share ,  S ize ,  G rowth ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  Ind ia  l uxu ry  car  marke t  s i ze  reached  US$  1 .14  B i l l i on  i n  2023 .
A  l uxu ry  ca r  i s  a  veh ic le  tha t  o f fe rs  super io r  l eve ls  o f  comf or t ,  per fo rmance ,  
Report qua l i t y ,  and  advanced  t echno logy ,  o f t en  fea tu r ing  p remium mat er ia l s  and  
c ra f t smansh ip .  These  ca rs  a re  des igned  t o  p rov ide  an  except iona l  d r i v ing  
exper ience  w i th  enhanced  f ea tu res  such  as  h igh -end in te r i o r s ,  power fu l  eng ines ,  
Highlight and cu t t ing-edge  sa fe ty  sys tems,  and  the  la t es t  i n f o t a inment  t echno log ies .  Luxury  
ca rs  t yp ica l l y  be long  to  p res t ig ious  b rands  and a re  assoc ia t ed  w i th  a  h igher  p r i ce  
Description po in t ,  re f lec t i ng  t he i r  exc lus iv i t y  and  s ta tus .  
Cur ren t l y ,  l uxury  ca rs  a re  ga in ing  immense t rac t ion  ac ross  I nd ia  as  they  ca te r  t o  
consumers  who p r io r i t i ze  e legance ,  soph is t i ca t ion ,  and  a  h igh  s tandard  o f  
au tomot i ve  exce l lence .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/ ind ia - l uxury - ca r -marke t / reques tsamp le
Report Description
I n d ia  L u x u r y  C a r  M a r k e t  T r e n d s :
T h e  I n d i a  l u x u r y  c a r  m a r k e t  i s  s i g n i f i c a n t l y  d r i v e n  b y  t h e  r i s i n g  d i s p o s a b l e  i n c o m e  a m o n g  I n d i a ' s  a f f l u e n t  p o p u l a t i o n ,  w h i c h  h a s  
c r e a t e d  a  g r o w i n g  m a r k e t  f o r  h i g h - e n d  v e h i c l e s .  A s  t h e  e c o n o m y  c o n t i n u e s  t o  e x p a n d ,  m o r e  i n d i v i d u a l s  c a n  a f f o r d  l u x u r y  c a r s ,  
v i e w i n g  t h e m  a s  s y m b o l s  o f  s t a t u s  a n d  s u c c e s s .  A d d i t i o n a l l y ,  t h e  i n c r e a s i n g  u r b a n i z a t i o n  a n d  d e v e l o p m e n t  o f  i n f r a s t r u c tu r e ,  s u c h  
a s  i m p r o v e d  r o a d  n e tw o r k s  a n d  t h e  p r o l i f e r a t i o n  o f  l u x u r y  c a r  d e a l e r s h i p s ,  a r e  f a c i l i t a t i n g  t h e  a c c e s s i b i l i t y  a n d  a p p e a l  o f  l u x u r y  
c a r s .  A n o th e r  s i g n i f i c a n t  d r i v e r  i s  t h e  e v o l v i n g  c o n s u m e r  p r e fe r e n c e  t o w a r d  p r e m i u m  a n d  t e c h n o l o g i c a l l y  a d v a n c e d  v e h i c l e s .  
I n d i a n  c o n s u m e r s  a r e  i n c r e a s i n g l y  s e e k i n g  c a r s  t h a t  o f f e r  t r a n s p o r t a t i o n ,  a n d  a  s u p e r i o r  d r i v i n g  e x p e r i e n c e  w i t h  a d v a n c e d  s a fe t y  
f e a t u r e s ,  c u t t i n g - e d g e  t e c h n o l o g y ,  a n d  l u x u r i o u s  c o m fo r t .  
T h i s  t r e n d  i s  p r o m p t i n g  l u x u r y  c a r  m a n u f a c tu r e r s  t o  i n t r o d u c e  m o d e l s  t h a t  c a t e r  t o  t h e s e  s o p h i s t i c a t e d  d e m a n d s ,  i n c o r p o r a t i n g  t h e  
l a t e s t  i n  a u to m o t i v e  i n n o v a t i o n .  A l o n g  w i t h  t h i s ,  t h e r e  i s  a  r a p i d  s h i f t  t o w a r d  e l e c t r i c  a n d  h y b r i d  l u x u r y  v e h i c l e s  d u e  t o  g r o w i n g  
e n v i r o n m e n t a l  a w a r e n e s s  a n d  g o v e r n m e n t  i n c e n t i v e s  f o r  e l e c t r i c  v e h i c l e s  ( E V s ) .  B r a n d s  a r e  r e s p o n d i n g  b y  l a u n c h i n g  e c o - f r i e n d l y  
m o d e l s  t h a t  c o m b i n e  l u x u r y  w i t h  e n v i r o n m e n t a l  r e s p o n s i b i l i t y .  M o r e o v e r ,  s t r a t e g i c  p a r t n e r s h i p s  a n d  l o c a l i z e d  m a n u f a c tu r i n g  b y  
i n t e r n a t i o n a l  l u x u r y  c a r  b r a n d s  a r e  m a k i n g  t h e s e  v e h i c l e s  m o r e  a f f o r d a b l e  a n d  a p p e a l i n g  t o  I n d i a n  c o n s u m e r s .  I n i t i a t i v e s  s u c h  a s  
l o c a l  a s s e m b l y  a n d  p r o d u c t i o n  h a v e  h e l p e d  r e d u c e  c o s t s  a n d  m a k e  l u x u r y  c a r s  m o r e  c o m p e t i t i v e  i n  t h e  I n d i a n  m a r k e t .  
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / i n d i a - lu x u r y - c a r - m a r k e t
Breakup by Vehicle Type:
• Hatchback
• Sedan
• Sports Ut i l i ty Vehicle
 
Breakup by Fuel Type:
• Gasol ine
Report 
• Diesel
Segmentation • Electr ic
Breakup by Price Range:
• Entry-Level
• Mid-Level
• High-End
• Ultra
Breakup by Engine Capacity:
• Upto 3,000 CC
• Above 3,000 CC
Breakup by Region:
• North India
Report 
• West and Central  India
Segmentation • South India
• East India
How has the India luxury car market performed so 
far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India 
luxury car market?
Key What are the key regional markets?
Questions 
Answered in What is the breakup of the market based on the vehicle type?
the Report
What is the breakup of the market based on the 
fuel type?
What is the breakup of the market based on the 
price range?
What is the breakup of the market based on the 
engine capacity?
What are the various stages in the value chain of 
the industry?
What are the key driving factors and challenges in 
the industry?
Key What is the structure of the India luxury car market 
and who are the key players?
Questions 
Answered in What is the degree of competition in the industry?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     I n d i a  L u x u r y  C a r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    6 . 1     H a t c h b a c k
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S e d a n
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     S p o r t s  U t i l i t y  V e h i c l e
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  F u e l  T y p e
       
    7 . 1     G a s o l i n e
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     D i e s e l
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     E l e c t r i c
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  P r i c e  R a n g e
    8 . 1     E n t r y - L e v e l
Table of         8 . 1 . 1  M a r k e t  T r e n d s        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     M i d - L e v e l
        8 . 2 . 1  M a r k e t  T r e n d s
Contents         8 . 2 . 2  M a r k e t  F o r e c a s t    8 . 3     H i g h - E n d
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     U l t r a
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
9     M a r k e t  B r e a k u p  b y  E n g i n e  C a p a c i t y
    9 . 1     U p t o  3 , 0 0 0  C C
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t    
    9 . 2     A b o v e  3 , 0 0 0  C C
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t  
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m / i n d i a - l ux u ry - c a r-m a rke t / t o c
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