All you need to know about luxury car prices in India
For many years, the Indian luxury car market showed bias towards the entry-level segment. However, today, four-wheelers below INR 40 lakh have the smallest percentage of sales. On the other hand, luxury cars with a price tag of more than INR 1 crore have the largest fraction of sales.
The reason for this is partially because cars are witnessing inflation with respect to features and size apart from price. What is more surprising is that despite the high rate of inflation leading to higher luxury car prices in India, the demand for luxury SUV cars in the country is on the rise.
Why do Indians love to own luxury cars?
Indian customers are fascinated with luxury cars. After all, it is a fascinating experience to drive such a car. This exciting experience is not only when a person is behind the wheel but also when he/she is being driven.
The manufacturers of luxury SUV cars in India have given a lot of consideration into the craftsmanship, material, and comfort of their passengers. These cars exude a feel of their second home. Additionally, contrary to common perception, it is not that costly to own a luxury car in India.
Luxury cars today come with some of the most efficient and advanced fuel-saving measures and engines. For example, A 180 CDI from Mercedes-Benz features a great run of 1,000 kms when its diesel tank is full.
The luxury car segment has its own loyal followers
The luxury car market in India is highly enthusiastic about cars ranging from Lamborghini to Mercedes and all other vehicles in between. The high luxury car price in India is irrelevant for this customer segment.
You would be surprised to know that Mercedes is expecting record sales in India this year. On the other hand, Lamborghini, the super-luxury Italy-based car brand and owned by Volkswagen is also doing extremely well.
What is even more startling is that there is a strong booking momentum in the country even though the waiting period is very high. There have been several rounds of increase in price tags of luxury cars and that has rarely deterred the target customers. Prices of this vehicles have gone up by a minimum of INR 1 lakh and as much as up to INR 20 lakh.
The picture is similar overseas although the prices of hotel rooms, airfares, petrol, and food are surging at the highest speed in decades. In the first quarter of 2022, the Indian BMW group had a 25 percent growth.
Additionally, their order pipeline for the next 90 days is quite high. The rising trend of opting for these luxury cars makes something clear. Ever since the pandemic hit the entire world, people have started realizing that they should enjoy their lives to the fullest. They also intend to enjoy and cherish the best things and personal mobility is increasing.
The mainstream premium cousin of Lamborghini is also expecting rapid growth in its sales. The company has an impressive order list for its high-end four-wheelers. These include the performance models, such as RS, Audi Q 8, and Audi e-Tron. The carmaker is all set to launch its Audi A8L to continue with the momentum and excitement.
Luxury car prices in India
There are about 134 luxury four-wheelers available in India in 2022. Some immensely popular luxury cars in the country are as follows:
• Land Rover Discovery Sport
• Audi A8 L
• Volvo XC40 Recharge
• Kia EV6
• Land Rover Range Rover
Incidentally, the cheapest Indian luxury car is Toyota Hilux. In Delhi, the on-road price of the Toyota Hilux begins at INR 30 Lakh. On the other hand, the costliest luxury vehicle in the country is Rolls-Royce Phantom VIII. It’s on road cost is INR 9.50 crore in Delhi.
So, what are the top luxury four-wheelers in India? These include the following:
• Volvo XC40 Recharge priced at INR 55.90 Lakh
• BMW 3 Series with a price tag of INR 46.86 Lakh
• Toyota Fortuner, costing about INR 40.82 Lakh
Here are some more details about the luxury car price in India. Check them out below to decide the one to opt for.
• Land Rover Discovery Sport, a 7 seater vehicle is available at a price tag of INR 71.39 Lakh.
• Audi A8 L with a capacity of 0-5 seats comes at a price range between INR 1.29 and 1.57 crore.
• Kia EV6, which is another luxury 0-5 seater car can be purchased in the range of INR 65 to 70 Lakh.
Summing up
If you want to purchase one of the luxury SUV cars in India and want to know more about the luxury car price in India, you are at the right place. You have to just download an exciting app called Park+ App and get all these details at one place for your convenience.