Luxury cars occupy a small portion of the Indian car industry. As per the recent surveys and analysis made by several organizations, the estimated number of new luxury cars sold annually in India is about 2500. Although it may look quite minuscule in terms of the total 1.7 million cars sold in India, but the luxury car industry has been growing at a rate of about 15% annually. The luxury cars started rolling on the Indian roads during 1996 when Mercedes Benz introduced their new car models in the country.
Luxury cars Manufacturing Companies
Over the decade, a number of car manufacturing companies have come into the foray that are producing various model of luxury cars. Luxury cars can easily accommodate 6 passengers. Most of the cars under this segment are built with state-of-the-art technology.
The body of these cars are aerodynamically designed so that they can easily pass through the viscous resistance of the air. In India the luxury cars come with price starting from INR 2,000,000. Mercedes Benz C 200 is the entry level car in this segment, which is available in India with a price tag of about INR 2,420,000.
Car finance companies have made it rather easy to own a car through easy financing schemes. Car insurance also could be obtained in easy terms that can facilitate the puchase of car withou any hassle. Besides, one can buy used luxury cars too from the market. They are also available in easy instalments with smart car financing.
As per the survey conducted by the National Council of Applied Economic Research (NCAER) in the year 2004, about 53,000 households were supposed to earn more than INR 10 million by the year 2005. The number of households having this income has increased considerably in recent times. The various luxury car companies are eying to tap these households who are their potential customers in the country.
You will get to see various model of luxury cars on the Indian roads that are manufactured by a number of companies, like: Mercedes, General Motors, BMW, Toyota, Volvo, Bentley, Aston Martin, Rolls Royce, Porsche and Lamborghini . The interior of these luxury cars are quite spacious and the seating arrangements are made in such a way so as to give you a highly comfortable ride.
To know more about the various luxury cars , browse through the pages of automobileindia.com. For more information on Luxury Cars please click on the following links: