ALL INDIA STATE-WISE LUXURY CARS ANALYSIS FROM YEAR 2020 TO YEAR 2022

 

ALL INDIA LUXURY CARS VEHICLE REGISTRATION OR RTO ANALYSIS

The luxury car market in India is expected to grow at a CAGR of 9.5% during the period 2020-2022, according to a report by Ken Research. The report states that the market will be driven by factors such as the growing number of high-net-worth individuals (HNIs) in the country, an increase in the number of women buyers, and a growing preference for luxury cars among the young generation.

Based on the above data shows after 2 pandemics Indian's are more enthusiasts towards luxury cars.

BMW & Mercedes lead the Luxury Car market followed by Jaguar and Land rover.

Further more analysis shows the trend is in very positive mode and shows India is adding the second highest number of billionaires in the world.

ALL INDIA VEHICLE REGISTRATION COMPARISON

The earlier trend was selling luxury cars to next generation businessmen but now the customer segment expanded to entrepreneurs,women and first generation businessmen.

ALL INDIA STATE-WISE VEHICLE REGISTRATION COMPARISON

2020-2021-2022 (Till June)

YEAR 2022

YEAR 2021

YEAR 2020

Maharashtra & Karnataka are in leading positions in highest Luxury cars Vehicle registration comparing from 20202 to till June 2022

ALL INDIA STATE-WISE MAKER-WISE VEHICLE REGISTRATION COMPARISON

YEAR 2020

YEAR 2021

YEAR 2022 TILL JUNE

In conclusion, the ALL INDIA STATE-WISE LUXURY CARS ANALYSIS from 2020 to 2022 shows that luxury cars are becoming increasingly popular in India. states such as Maharashtra, Karnataka, and Tamil Nadu are leading the way in terms of luxury car sales. With the continued growth of the Indian economy, it is expected that luxury car sales will continue to rise in the coming years.

The above comprehensive study of the luxury car market in India from 2020 to 2022 provides a detailed analysis of the market size and growth, market segmentation, and competitive landscape. The study also provides a detailed analysis of the key players in the luxury car market in India, their market share, and their competitive strategies.

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