 "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.")
India’s high net-worth individuals (HNIs) or millionaire households have nearly doubled in just four years, a surge that is set to power the country’s luxury car market, according to the Mercedes-Benz Hurun India Wealth Report 2025 and Luxury Consumer Survey 2025.
The report estimates 871,700 Indian households with net worth above ₹8.5 crore ($1 million), up 90 per cent from 2021. These families now make up 0.31 per cent of Indian households, compared to 0.17 per cent four years ago, and the number is projected to double again within a decade.
This wealth creation
