Green Wheels, Electric Dreams

The luxury car market is reinventing itself in a green avatar by going electric. Here are the top five luxury electric cars India is looking forward to.

- PRERNA LIDHOO

THE INDIAN LUXURY CAR MARKET—which accounts for less than 2% of the total sales—is on a growth curve even during the pandemic. It is also re-orienting itself by going electric. The country’s largest luxury car maker Mercedes-Benz India sold 4,857 units in the January-June period registering a growth of 65% as compared to last year. While the Indian market is still nascent over other economies like Europe, and the U.S., that hasn’t deterred luxury carmakers from betting on the country’s lakhs of high net-worth individuals. In fact, it is expected to reach $2 billion by 2026, at a compound annual growth rate of more than 6% from $1 billion last year, according to market research firm Mordor Intelligence.

Experts also believe that Tesla’s entry into India will provide a much-needed boost to the luxury segment overall, especially when it comes to the all-electric and hybrid luxury car makers like Audi, Jaguar, Porsche, and Mercedes-Benz—all of which have made it to our list of top luxury-electric picks of the season.

1 . JAGUAR I - PACE