In an interplay with PTI, Mercedes-Benz India Managing Director Santosh Iyer mentioned the festive season this 12 months from Onam to Diwali has been higher than final years’, owing to a number of new launches, a beautiful portfolio and in addition robust buyer sentiment.
“We have now seen file deliveries throughout Dussehra, Dhanteras and Diwali reflecting buyer enthusiasm,” he famous.
Iyer mentioned that the automaker continues to have a optimistic business outlook, anticipating file gross sales this 12 months. It nevertheless expects provide chain-related disruptions to proceed to pose challenges, affecting the manufacturing and availability of SUVs, particularly the GLC.
“We proceed to have a optimistic business outlook, anticipating file gross sales this 12 months. Nonetheless, we forecast provide chain-related disruptions to proceed within the coming months as properly.”
Audi India Head Balbir Singh Dhillon mentioned the corporate has witnessed an 88 per cent development with 5,530 items retailed in January-September 2023. “We have now been working with certainly one of our highest-order banks in latest instances. This festive interval marked larger celebrations for Audi India as we witnessed our highest-ever festive season gross sales within the final seven years,” he added. Development was on the again of sustained demand for our best-sellers together with the A4, Q3, Q3 Sportback, Q5 and S5 Sportback, Dhillon mentioned.
“Delhi and Mumbai continued to guide the demand for our merchandise within the festive season. We additionally proceed to witness good demand from Hyderabad, Kolkata, Chennai, Bengaluru, and Ahmedabad,” he added.
This 12 months, the luxurious automobile business in India will surpass 2018 volumes – and attain the 46,000-47,000 unit mark, Dhillon famous.
“As an organization, we need to finish the 12 months with a excessive double-digit development,” he added.
BMW Group India President Vikram Pawah mentioned the corporate has launched some highly effective merchandise – each vehicles and bikes within the festive interval.
“We’ll maintain this momentum going,” he added.
Lamborghini India Head Sharad Agarwal mentioned India is among the quickest rising markets globally and has the third largest millionaire inhabitants.
The Indian luxurious automobile market was valued at USD 1.06 billion in 2021 and is predicted to achieve over USD 1.54 billion by 2027, registering a CAGR of greater than 6.4 per cent throughout the forecast interval 2022-2027, he famous.
“This development is pushed by the evolution of buyer style and preferences and therefore the auto phase is seeing substantial growth with rising demand for luxurious vehicles with superior tech and security options,” Agarwal acknowledged.
The expansion is additional supported by higher street infrastructure pan India, cities are being linked by expressways which coupled with excessive aspirations is driving demand from tier 2’s and past, he added.
“For Lamborghini itself at the moment greater than 25 per cent of gross sales is from non-metro cities,” he mentioned.
The 89-day festive interval this 12 months between August 17 and November 14 noticed total passenger automobile retail gross sales cross the ten lakh mark.
The 71-day festive season final 12 months had witnessed gross sales of round 8.10 lakh items.