Categories: Automobile

Economy On Recovery Path: Luxury Car Sales Zoom In Q2 FY22 In India

New Delhi: While businesses are slowly recovering from the pandemic, luxury car sales have soared in the last quarter of this fiscal in India. The top three German luxury brands – Mercedes, Audi and BMW – have sold over 8.500 units between July and September of 2021-22 financial year.

Mercedes-Benz was the highest-selling luxury carmaker with 4010 units followed by BMW with 2,636 units. Compared to the last year, the sales have grown by around 90% for BMW.

Industry experts believe that the overall sales number would have crossed 10K mark had there been no semi-conductor crisis which has affected the automobile market throughout the world.

Vikram Pawah, president of BMW Group, told the Economic Times that top end of the market tends to recover first as it caters to people who generally have more disposable income and are more immune to economic factors.

The boom in sales in expected to continue into the fourth quarter of the year as well depending on supply issues.

OB Bureau

Recent Posts

Rain May Continue In Bhubaneswar & 15 Odisha Dists For Another 3 Hours

Bhubaneswar: Rain may continue to lash Bhubaneswar and several other districts in Odisha till 1…

18 minutes ago

Ideology Killed A Part Of Our Innate Goodness. How Long For The Rest to Die?

In 2024, we shrank as human beings a bit more. Blame ideology for it. It…

30 minutes ago

‘Par Acting Kaun Karega’: Netizens Take A Dig At Janhvi & Sidharth’s ‘Param Sundari’

Mumbai: Janhvi Kapoor and Sidharth Malhotra will be sharing screen for the first time in…

12 hours ago

Odisha Govt Appoints R Santhanagopalan As Secretary Of SSEPD Dept

Bhubaneswar: The Odisha Government has appointed IAS officer R Santhanagopalan as secretary, Social Security and…

13 hours ago

[Watch] Allu Arjun’s Residence Covered With White Sheets & Curtains Post Vandalisation

Hyderabad: Actor Allu Arjun appeared before the Chikkadpally police on Tuesday morning for questioning in connection with the stampede…

13 hours ago

President Appoints Mizoram Governor Hari Babu Kambhampati As Odisha Governor

Bhubaneswar: Mizoram Governor Dr Hari Babu Kambhampati has been appointed as Governor of Odisha in…

13 hours ago

This website uses cookies.