Companies such as BMW, Mercedes-Benz, Audi, Lexus, Lamborghini and others see potential in emerging markets of Tier II and Tier III cities. Ludhiana, Udaipur, Kanpur, Mysore, among others, where there are high numbers of NRIs and HNIs have seen high penetration of luxury cars
The average amount that Americans spent on a new car last month was $171 below the average sticker price.
From clocking a significant amount of revenue from smaller towns to navigating the macroeconomic headwinds, Lexus has cracked the code for the Indian market. However, it is vigilant. "We need to carefully watch as we go towards the second or maybe the third quarter of 2023," says Naveen Soni, president, Lexus India
"New-vehicle average transaction prices (ATPs) increased further into record territory in December 2021 to reach $47,077," said the Kelley Blue Book report published Tuesday.
Rapidly developing technology is taking companies' offerings one step further in the market by enabling them to focus on mobile-first solutions
We commuted to work in the brand-new Urus to see what it's like behind the wheel of the world's fastest SUV.
After Having a 'Hell of a Year,' This Entrepreneur Rewarded Himself With the Car He Wanted, Not the Car He Needed
'Anyone who says money can't buy happiness has clearly never driven my car,' says Steven Sashen, CEO and co-founder of Xero Shoes.
There's no need to own a luxury car any longer .
It has a built-in refrigerator and crystal glassware.
Car Dealerships are drying out - here's what's essential to save them
With Ola, riders can now book a luxury car at a minimum fare of Rs. 200 and just Rs. 19 per/km
Not many people buy Mercedes cars because of their price tags and status.
From gasless to driverless, vehicles will change dramatically in the coming years.