A worldwide development that has additionally discovered resonance in India over the previous three years is the hovering demand for luxurious in addition to super-luxury cars and SUVs. This area of interest phase has hit a brand new excessive in FY2024. As per JATO Dynamics India, cumulative gross sales of seven luxurious carmakers in FY2024 had been 45,311 models, up 20.5 p.c on FY2023’s 37,615 models.

Demand for luxurious SUVs at 27,489 models was up 34 p.c year-on-year (YoY), whereas luxurious sedans improved at a extra muted 6.5 p.c to 17,569 models. The high three producers – all German carmakers – have registered sturdy double-digit development. And apparently, although Mercedes-Benz India maintains its lead, BMW India is closing in quick. Let’s take a more in-depth have a look at the company-wise performances.

Also see: SUVs outnumber hatchbacks in 10 bestsellers of FY2024

Mercedes-Benz

Market chief Mercedes-Benz India has maintained its sturdy development trajectory, promoting 17,013 PVs, up 3 p.c on FY2023’s 16,497 models. The gross sales are cut up 56 p.c in favour of SUVs and 44 p.c for sedans. Interestingly one out of each 4 Mercedes-Benz cars bought belongs to the highest finish luxurious phase; which the corporate categorises as cars with a price ticket greater than Rs 1.5 crore. The firm additionally noticed strong gross sales of its sedan portfolio, comprising the A-Class, C-Class, LWB E-Class and S-Class. The outgoing LWB E-Class stays the highest-selling Mercedes-Benz (3,561 models, up 9 p.c). Demand for Merc SUVs remained sturdy comprising the GLA (2,213 models, up 24 p.c), GLE (2,349 models, up 1.4 p.c), GLC (1,925 models), GLS (1,529 models, down 35 p.c) and G-Class (219 models, down 15 p.c). Notably, the GLE was the best-selling luxurious SUV in India final fiscal. EV-wise, the EQB (311 models, up 576 p.c) and EQE (116 models) show that there’s demand for luxurious eco-friendly motoring from the three-pointed star.

BMW

BMW India retains its #2 rank with gross sales of 14,479 models, up 28 p.c YoY (FY2023: 11,255 models), with the SUV: sedan gross sales ratio at 49:51. Yes, BMW is the one one of many high three to promote extra sedans than SUVs in FY2024. The 3 Series stays its best-selling sedan – 2,652 models, adopted by the 6 Series (1,428 models), 2 Series (1,073 models) and the 5 Series (1,059 models). Of the BMW SUVs on provide, the X1 (2,996 models) was the highest vendor in addition to the best-selling midsize luxurious SUV in India, adopted by the X7 (1,644 models), X3 (1,089 models) and iX (738 models). 

Audi

Audi India recorded sturdy 33 p.c development in FY2024 with 7,027 models (FY2023: 5,277 models), comprising 4,425 SUVs (up 72 p.c) and a couple of,602 sedans (down 3.9 p.c). While gross sales of the Q3 soared 303 p.c to 1,965 models, the Q7 (742 models, up 33percent) and the Q5 (735 models) sparred to be the next-best Audi SUV on the town. The Q3 Sportback additionally noticed sturdy demand – a seven-fold enhance to 658 models. On the sedan entrance, the A4 posted 35 p.c development to 1,521 models albeit the A6’s numbers had been down by 38 p.c to 920 models.

Land Rover

Land Rover India, with 3,061 models and 82 p.c development, jumps one rank in FY2024 into fourth place, forward of FY2023’s #4 – Volvo Auto India. The enormous reputation of the Land Rover Defender has given the Tata Motors-owned SUV maker a recent cost. Sales of 1,314 Defenders had been a 151 p.c enhance. Indicative of the rising demand for premium fashions, the Range Rover Velar (556 models, up 45 p.c) and RR Sport (404 models, up 86 p.c) had been the subsequent hottest fashions. The flagship Range Rover, the costliest mannequin within the vary, went residence to 394 prospects. The RR Evoque bought 190 models, up 13 p.c. The LR Discovery Sport bought 197 models, down 26 p.c, whereas the Discovery chipped in with 6 models.

Volvo

Volvo Auto India, again to the #5 place it had in FY2022, bought 2,522 models, up 27 p.c. The XC60 (867 models) SUV was the mannequin which noticed most demand, adopted by the XC40 (769 models), XC90 (449 models) and the C40 (212 models). The sole S90 sedan went residence to 225 patrons.

Mini

The BMW Group’s Mini model bought a complete of 937 models, up 34 p.c. The bulk of the gross sales got here from the Mini Countryman (695 models).

Jaguar

In seventh place is Jaguar India with 272 models, up 22 p.c YoY. The F-Pace SUV with 221 models was the best-seller, adopted by the I-Pace (31 models) and the F-Type (20 models).

Lexus

Japanese model Lexus lately accomplished seven years of operation in India. The carmaker introduced a development of 63 p.c in FY2024, as in comparison with FY2023. Lexus says its hottest fashions in India are the NX350h SUV and the ES300h sedan.

Luxury EVs: BMW leads the way in which

On the e-mobility entrance, the prevailing luxurious automobile OEMs in India, have been pushing the EV envelope by way of expertise and new fashions. As per retail gross sales information, a complete of two,870 luxurious EVs had been bought in FY2024 with BMW India accounting for the majority of them (1,421), adopted by Volvo India (598), Mercedes-Benz India (564), Audi India (165) and Porsche (114).

Data Source: JATO Dynamics India

To learn the whole FY2024 gross sales evaluation, decide up a duplicate of Autocar India’s May 2024 situation. 

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