 "Arya estimated that around 500,000 luxury cars would be running on Indian roads now, an approximate cumulative total of cars sold in the past 15 years.")
Indians are opting for more premium cars, and in 2024, the sales of pre-owned luxury cars beat those of new ones. According to industry estimates, around 80,000 pre-owned luxury cars were sold in the country last calendar year, surpassing the 50,000 new cars sold — the highest ever.
The overall Indian automotive market is moving towards premiumisation, a trend evident from the rising share of utility vehicles (UVs). In 2024–25, the share of UVs (including sport utility vehicles or SUVs as well as multi-utility vehicles) in total passenger vehicle (PV) sales rose to 65 per cent, up from 60 per
