Courtesy - mercedes-amg.com
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.
Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…
Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…
Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…
Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…
With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…
Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…
Mumbai: The Telangana government’s notice barring him from singing songs promoting alcohol and drugs at…
Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on Sunday…