After COVID-19 performed spoilsport for 2 years, Mercedes-Benz, BMW, Audi and Land Rover registered vital development in FY2022.
One phenomenon that has stood publish the COVID-19 pandemic is the sturdy demand for luxurious merchandise, be they vehicles, diamonds or watches. Emotional items like luxurious vehicles have been among the many first to recuperate from a troublesome two years, pushed probably by the FOMO-YOLO (Concern of Lacking Out, You Solely Reside As soon as) impact.
After two years of tepid gross sales, demand within the luxurious automotive market has bounced again, and the way. As per JATO Dynamics India’s gross sales information of seven carmakers, complete gross sales rose to 27,647 items in FY2022, constituting near-40 p.c 12 months on 12 months development.
- Mercedes-Benz E-Class was the bestselling luxurious automotive in India
- BMW and Audi recorded higher development in gross sales than Mercedes-Benz
- Bucking the development, Jaguar recorded very excessive decline in gross sales
FY2022 luxurious automotive gross sales: Mercedes-Benz on the highest, BMW follows
Main the cost and driving the momentum for the section is