Why, India is a new target market for luxury car makers?

yes it is true,there are several causes for this...Growing no. of young enterpreneures...India is a financially developing country also,so assuming the future demands we can guess in a very positive way..

Absolutely true.Moreover,India is a country with Hetrogenous population.Young aspirants with huge NDIs(net disposable incomes).In a B grade city like Nasik,we used to count number of Mercs n Beemers n audis in our city almost 7 years back.Now,I am on a vacation back home in India and i lost count within 6 days!!!!

Still car population density in India is even lesser than that of Sri lanka.i.e. leass than 8 cars per 1000 people and Sri lanka has 13!!!

But due to in flow of tremendous foreign investments amounted for biger business enterprises being built and hence huge profits yeids.

Our earlier generation has struggeld when our economy was was not a free market economy.They had to achieve their necessities with a hell lot of a struggle.Building a house,buying a vehicle etc. were very hard tasks.But duw to liberalisation,globalisation etc. are making an impact on our lives also.More opportunities for career growths hence improved incomes etc. are leading to our lifestles getting more and more upgraded.

No wonder all big premium car brands are registering very healthy growth and it is boud to continue as India is fast becoming export hub for the world.

Brands like VW,Audi merc n beemer and even Porsche are taking Indian Market very seriously.This is just the beginning of this mammoth growth.

Premium brands fall in niche segments hence they are having largest  growth as there is huge divesrsity in income groups of population.But this segment gives the manufacturer more profitability as vlume players realize large turnover and bigger market share and customer base(viz.How many years general motors waited to break even into profit zone??)

Yes agreed, for most of the new growing customers of luxury cars, its a way to uplift their social status.