Rising inflation in countries around the world is making it difficult for people to live, but rich people are speaking loudly. If we talk about the first 9 months of this year in India, then the nobles of India have set a new record. Yes, in the first 9 months of this year, India’s rich families have bought 4 luxury cars every hour.
A brief about In the first nine months of 2022, Indian consumers bought four premium vehicles every hour:
Industry executives have given this information. The growth rate of India’s economy is going to be close to 7 percent. If we talk about the number of billionaires, then India is the third largest country in the world. The executive of the luxury car industry has said that for the last two years due to the coronavirus crisis, the demand for luxury cars was weakening, now the pent-up demand has increased and the spending income of India’s rich has also increased significantly. Is.
Because of this, the rich of India are insisting on buying luxury cars. If we talk about startup honor and young professionals, then the craze of a luxury car is speaking loudly between them. The industry estimates that 25,000 luxury cars have been sold in the first 9 months of this year.
If after the rich people of India, then they have bought more than 32 percent of luxury cars this year as compared to last year. The interesting fact is that the sales of super luxury cars have grown much faster during this period. A car costing more than Rs 2.5 crore is called a super luxury car.
Compared to last year, this year the sales of a super luxury car can double to 600 to 650 units. If we talk about the rich of India, then they are fiercely buying everything from sports cars to electric cars, and luxury salons.
Mercedes-Benz has successfully sold its EV1 in the US while Lamborghini is in the process of taking orders for the 2023 Urush SUV. Santosh Iyer, VP of Sales & Marketing, Mercedes Benz India said, “This year we are going to register the best business in history. In the first 9 months of this year, our sales have exceeded the previous full-year figures. We already have 7000 vehicles pending orders. If we keep supplying the cars as per the demand of the customers, then we are expecting a further pick-up in sales.”
Till September this year, Mercedes has sold 11470 cars which is 28% more than the corresponding period last year. In the year 2021, Mercedes-Benz India sold 11242 cars. Four years ago, the company’s car sales had increased significantly and it had reached 15538 units. Audi India’s top executive said that there has been a difference in customer behavior. After Corona, people want to live freely, and due to this, the demand for luxury cars increased very fast.
