After a robust year of sales in 2022, luxury car sales in India are expected to reach a record high of 42,000-45,000 units in 2023, riding on a strong order book, pent-up demand, and new model launches, industry estimates show.
The segment, which accounts for less than 1% of the broader passenger vehicle market in the country, ended last year with sales of an estimated 37,000-38,000 units. The best year for the segment was in 2018 when sales touched 40,863 units.
Strong corporate…
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