 "Luxury cars, cars")
After selling around 51,000 luxury cars in 2024-25 (FY25), the highest-ever sales figures recorded in India in a single financial year, luxury carmakers expect growth to moderate in 2025-26 (FY26) due to the turmoil in the financial markets and global geopolitics. The overall luxury car market had grown by around 3 per cent in FY25.
Speaking to Business Standard, Santosh Iyer, managing director (MD) and chief executive officer (CEO) of Mercedes-Benz India, said that he feels “moderate growth” will be the best-case scenario for FY26.
“It (the moderation of growth) is driven by macroeconomic conditions, and (is) also sentiment driven.
