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Luxury car market ends 2016 with steady volumes

Note ban, diesel ban have little impact; Mercedes posts marginal decline, BMW sales rise 14%

Mercedes AMG C 43

The luxury car market appears to have been steady last year in spite of the challenges posed by the diesel ban and the setback caused by demonetisation. German luxury car maker Mercedes Benz has managed to remain market leader despite a marginal drop in volumes. BMW, another leading player in the segment, has clocked 14 per cent growth in sales on a low base of 2015. The mass market of passenger vehicles grew seven per cent in 2016. Mercedes sold 13,231 units in the Indian market last calendar year against its best ever annual volume of 13,502 units in 2015. An increasing number of ...