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Will India lead the luxury car market??

Created by : Mridula Maity, Product Development Manager, Rugel  | 10 25 2010 06:47:07 +0000
Industry : AutomobileFunctional Area : India(Markets)
Keywords : bmw audi mercedes benz jaguar land rover porsche bentley indian luxury car market luxury car market luxury cars in india
Activity:  533 views;  last activity : 05 23 2011 14:37:54 +0000

Andreas Schaaf, the new president of BMW India , is busy understanding the dynamics of doing highend business in India to fine-tune the German auto company’s strategy to sell its luxury cars in the country’s booming market.


http://www.bmwblog.com/wp-content/uploads/0607_x2007_audi_s6front_driving1.jpg

BMW’s Indian subsidiary, which started operations in 2007, proved to be its jewel in the crown. Sales in India grew by a robust 43% to touch 3,301 units during the first eight months of this year. Last year, the company sold more cars here than its rival Mercedes-Benz India. German carmakers — BMW, Mercedes-Benz and Audi — have, in fact, dominated the luxury car market in India.

So, what do you think people, will India lead the luxury car market??

  
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I think yes, India will lead the luxury car market in coming days on both the fronts infact, new cars and second hand cars which are also available in these luxury car segment.  In India BMW & others has been able to cash in on the India growth story, despite being a late entrants. They have narrowed down India as a niche market globally for growth, based on its performance over the last two years. “India may not be a large market in terms of units sold, but it remains the strongest potential market globally and will outgrow all other markets in future....
By Mridula Maity, Product Development Manager, Rugel  10 25 2010 06:47:07 +0000
 
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No way...we cant even imagine i feel...sorry Mridula to oppose this...It is not only BMW, Benz...etc...there is so many others...Rolls Roys...Mayback....Lambroghini....etc....Let us hope that the Indian roads will oneday comes to the standard of other countries.... 
By Manoj Kumar, Sr: Manager - QA, ARCHETYPE GROUP, INDIA  10 25 2010 07:32:11 +0000
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Audi india grows by 97% , BMW and Benz both are building car specially for India. In the month of april 22 Honda crv's (23 lakhs) were sold vs 57 Porsche cyanne (60-1.2 crore) you decide where we are heading.
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 05 23 2011 14:37:54 +0000
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dont forget bagettti r in india 16 crore car
By Iranna Baligar, HR/ADMIN EXECUTIVE, DPC MOTORS PVT LTD  | 11 19 2010 11:02:56 +0000
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I agree too. Top guns.

India is already leading. If we think of the population and the millionaires we have , definitely we are the champs.

James Madeira
By James Madeira, XYZ, XYZ Company  | 11 05 2010 19:11:36 +0000
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We will have a double-digit growth this year.” He expects the luxury car market in India to touch 10000 cars in 2010, from the current 8700. ...
By Santosh Bhim, Junior Assistant, U.P.P.W.D.  | 10 26 2010 06:21:24 +0000
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leading in luxry car? that is such a joke. we are living where 40 percent of indians are living under poverty line and you are saying for leading. just think something.....
By Nitin Mehra, Software Developer, ROBOMAN MICROSYSTEMS  | 10 26 2010 03:24:19 +0000
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Lead??? It will be great if we manage to just tag along! Just compare the production figures of the Luxury cars sold in India v/s those sold in the U.S.
By Harish Vadgama, Proprietor, Self , Freelance  | 10 25 2010 16:24:08 +0000
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sonner or later yes...
By sudipta saha, Consultant, SC analytics pvt ltd.  | 10 25 2010 13:37:12 +0000
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yes why not ?????????????
By monika computers, providing IT services, Vohra Industries  | 10 25 2010 08:39:54 +0000
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See the fiasco of Nano who comes @ Road in 1.5 lac to 1.7 lac so what is happened to slogan of car in Rs.1 lac for small family.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 12 06 2010 14:48:33 +0000
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No, it won’t lead the market.

But surely will give some jewels. Because people won’t prefer to buy an Indian Luxury Car, until the brand is fully worth to own. BMW, Merc & Audi are high end products & I am sure the owners feel pride to drive their dolls. Instead India can create wonders in small, hatchbacks, sedan & SUVs car market. Tata & Mahindra will cut the ribbon of gates to wonders.

But Indian Brands will surely give some heat to the Foreign Brands (in case of Customers pocket share); because after all some of these foreign brands are made in India by Indian people with Indian Raw Material.
By JOGINDER SINGH CHANDNANI, CSS (Customer Service Specialist), Infiniti Retail  | 11 04 2010 06:40:06 +0000
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I support your views, Manoj.

Also road condition in India is thing to worry.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 10 26 2010 06:20:06 +0000
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we r far away frm that... for this tym we need to think out of the box , to b a part of luxury car market, rather then being leading it
By MITANSHU , MBA/PGDM student, ISIM  | 10 25 2010 17:56:27 +0000
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How? Compare the quality of cars produced by Maruthi and TATA with Honda's and Toyota's. they cant even match the Japanese in quality wise performance wise or build quality or safety. forget about beating the germans! even japanese dont have an answer how to beat the germans in luxury segment.
By phanindra , B.Tech/B.E. student, College Of Engineering , Andhra University, Vishakhapatnam  | 10 25 2010 16:34:26 +0000
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