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Luxury carmakers rev up in India, plan over 50 new models after Covid pain

With over 50 new launches this year, super-premium marques are taking a calculated bet on the Indian market that touched a decadal low in 2020

Topics
Luxury carmakers | luxury car market | Lockdown

Shally Seth Mohile  |  Mumbai 

car, auto, automobile, sales, luxury, dealer
Automobiles attract 28 per cent GST. The additional cess on top of the duty makes the effective tax on luxury cars as high as 50 per cent

After touching a decadal low in 2020, in India are back with a vengeance. The top three firms — Mercedes-Benz India, BMW India and Audi India that account for the lion’s share of the segment — have lined up over 50 new model launches as they seek to recoup previous years’ loss in volumes.

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First Published: Sat, January 23 2021. 06:10 IST