Blitz Bureau
THE shifting ‘generational mindset’ in India is fuelling the growth in luxury goods consumption and super-expensive cars are no exception. According to industry data, the sale of luxury cars from brands like Lamborghini, Ferrari, McLaren and Aston Martin are experiencing robust demand in the domestic market.
Sales doubles
Industry experts say that 1,200-1,300 luxury cars are likely to be sold in the Indian market this year. In 2023, sales more than doubled to 1,000 units in the top-end car segment. According to reports, Lamborghini has sold all cars allocated for the Indian market from its Italian headquarters. Its cars like Huracan, Urus and Revuelto are in the price Rane of Rs 5 crore-Rs 10 crore.
Ferrari, McLaren and Aston Martin are also seeing robust growth. The luxury models from Mercedes-Benz and Audi now have waiting periods of up to a year, with prices ranging from Rs 2.5 crore to Rs 4.5 crore. According to the latest wealth report by Knight Frank, India is likely to see more ultra-wealthy individuals, with those possessing a net worth exceeding $30 million to reach 19,908 by 2028 — up from 13,263 in 2023.
