Luxury vehicles selling like hot cakes in 2023
Steady domestic economic growth amid signs of moderating inflation, coupled with strong corporate earnings, are fuelling demand at the higher end of the market and supporting sales of luxury vehicles. Within luxury, too, demand was stronger for top-end vehicles priced upward of ₹1 crore, said a senior industry executive. At Mercedes Benz, sales of top-end models, in fact, more than doubled in the first quarter.
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