DUBLIN--(BUSINESS WIRE)--The "Assessment of India's Luxury Car Market 2018" report has been added to ResearchAndMarkets.com's offering.

The Indian luxury car market is set for consistent growth. Wealthy Indians consumers will continue to chase their dream cars in years ahead. The average age of luxury car owners is 35 years in the country compared to 43-45 years globally. This makes the country one of the youngest luxury car market, thus a lucrative market for luxury car manufacturers to grow. Mercedes-Benz is the best selling luxury car maker in India followed by BMW and Audi.

Launch of multiple strategically priced models at various price points coupled with smart financing schemes and a robust dealer network is boosting the sales of luxury cars in India. Historically luxury car sales have been robust in cities such as Mumbai and Delhi but players are now targeting other cities with untapped potential. The compact luxury segment is upcoming in India and in a bid to tap into the potential, Audi and Mercedes are looking to launch new models in the country at competitive pricing possible due to local assembly.

By 2020 the luxury car makers are focusing to launch hybrid and electric vehicles. Indian Government plans to ease the import norm by eliminating restriction on price and compulsory local testing on luxury cars, bikes and electric vehicles. As per the proposed new rule, manufacturers can import 2500 units annually without any clearance test. This new law is expected to motivate the luxury car makers to launch new models in the segment.

Key Topics Covered

1. Analyst Opinion

2. Global Luxury Car Market

2.1 Overview

2.2 Market Performance & Statistics

2.3 Outlook

2.4 Industry Speak

3. India Luxury Car Market

3.1 Overview

3.2 Statistics and Performance

3.3 Market Drivers

3.4 Emerging Trends

3.5 Make in India: Localization

3.6 Outlook

3.7 Industry Speak

4. Competitive Landscape

4.1 Volkswagen AG

4.2 Daimler AG

4.3 Bayerische Motoren Werke AG (BMW)

4.4 Tata Motors Limited

4.5 General Motors Company

4.6 Volvo Group

4.7 Porsche AG

For more information about this report visit https://www.researchandmarkets.com/research/rpzz5r/assessment_of?w=4

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Related Topics: Cars