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India Luxury Car Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India luxury car market is expected to exhibit a CAGR of 6.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Luxury cars are classified as passenger and conventional vehicles designed with advanced applications and equipment to provide passengers with enhanced comfort. As compared to standard medium-sized automobiles, they offer superior competence, possess high-quality interiors, and are equipped with leather seats and progressive devices, including maps, sensors, cameras, anti-kidnapping heartbeat monitor, and upgraded suspension. Additionally, luxury cars have trunk hinges, starlight headliners, and entertainment and safety systems, which offer optimal safety and better service while enhancing overall vehicle performance. Commercially available in the internal combustion engine and electric propulsion types, luxury cars are gaining immense popularity in the Indian market.

India Luxury Car Market Trends:

With the substantial expansion in the automotive sector, there has been an increasing demand for autonomous premium luxurious cars with advanced features and security arrangements, which represents one of the primary factors driving the market growth in India. This can be further attributed to rapid urbanization in the country, inflating disposable incomes, changing preferences, and the growing safety concerns amongst consumers. In line with this, rising environmental consciousness has prompted the Government of India (GoI) to promote the uptake of luxury electric vehicles (EVs) as a sustainable mode of transportation for cutting down carbon emissions, which, in turn, is acting as another growth-inducing factor. Moreover, the emerging trend of purchasing used luxury cars due to their easy access to financing, lower entry price, and minimal annual maintenance contracts is contributing to the market growth. Additionally, the large-scale integration of artificial intelligence (AI)-enabled vehicle systems, personal voice assistance, retina recognition, hands-free connectivity, and global positioning systems (GPS) is propelling the market growth. Other factors, such as the fuelling trend of vehicle customization and strategic collaborations amongst key players to engineer luxury cars with embedded electric vehicle components, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India luxury car market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, fuel type, price range and engine capacity.

Breakup by Vehicle Type:

  • Hatchback
  • Sedan
  • Sports Utility Vehicle
     

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Electric
     

Breakup by Price Range:

  • Entry-Level
  • Mid-Level
  • High-End
  • Ultra
     

Breakup by Engine Capacity:

  • Upto 3,000 CC
  • Above 3,000 CC
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Vehicle Type, Fuel Type, Price Range, Engine Capacity, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India luxury car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India luxury car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the price range?
  • What is the breakup of the market based on the engine capacity?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India luxury car market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Luxury Car Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Hatchback
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sedan
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sports Utility Vehicle
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Gasoline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diesel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Electric
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Price Range
    8.1    Entry-Level
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Mid-Level
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    High-End
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Ultra
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Engine Capacity
    9.1    Upto 3,000 CC
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Above 3,000 CC
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India 
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: India: Luxury Car Market: Major Drivers and Challenges
Figure 2: India: Luxury Car Market: Sales Value (in Billion US$), 2016-2021
Figure 3: India: Luxury Car Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: Luxury Car Market: Breakup by Vehicle Type (in %), 2021
Figure 5: India: Luxury Car Market: Breakup by Fuel Type (in %), 2021
Figure 6: India: Luxury Car Market: Breakup by Price Range (in %), 2021
Figure 7: India: Luxury Car Market: Breakup by Engine Capacity (in %), 2021
Figure 8: India: Luxury Car Market: Breakup by Region (in %), 2021
Figure 9: India: Luxury Car (Hatchback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Luxury Car (Hatchback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Luxury Car (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Luxury Car (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Luxury Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Luxury Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Luxury Car (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Luxury Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Luxury Car (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Luxury Car (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Luxury Car (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Luxury Car (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Luxury Car (Entry-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Luxury Car (Entry-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Luxury Car (Mid-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Luxury Car (Mid-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Luxury Car (High-End) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Luxury Car (High-End) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Luxury Car (Ultra) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Luxury Car (Ultra) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Luxury Car (Upto 3,000 CC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Luxury Car (Upto 3,000 CC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Luxury Car (Above 3,000 CC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Luxury Car (Above 3,000 CC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North India: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North India: Luxury Car Market: Breakup by State (in %), 2021
Figure 35: North India: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: West and Central India: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: West and Central India: Luxury Car Market: Breakup by State (in %), 2021
Figure 38: West and Central India: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South India: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South India: Luxury Car Market: Breakup by State (in %), 2021
Figure 41: South India: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: East India: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: East India: Luxury Car Market: Breakup by State (in %), 2021
Figure 44: East India: Autonomous Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Luxury Car Industry: SWOT Analysis
Figure 46: India: Luxury Car Industry: Value Chain Analysis
Figure 47: India: Luxury Car Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Luxury Car Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Luxury Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: India: Luxury Car Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 4: India: Luxury Car Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 5: India: Luxury Car Market Forecast: Breakup by Engine Capacity (in Million US$), 2022-2027
Table 6: India: Luxury Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Luxury Car Market: Competitive Structure
Table 8: India: Luxury Car Market: Key Players


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