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Luxury car sales lose speed in H1
Financial Express Kochi
|July 12, 2025
Price Pressure
LUXURY CARMAKERS SAW retail sales drop to the worst since the Covid-19 pandemic in the first half of this year, as uncertain market conditions and price hikes dampened buyer enthusiasm.
The country's top three luxury automotive brands—Mercedes-Benz, BMW and Audi—reported a nearly unchanged total sales volume in the six months ended June, compared to the same period last year. Together, they clocked 18,915 units, a change of 0.4% year-on-year.
Speaking to FE, Santosh Iyer, managing director, Mercedes-Benz India, said: "Though this has been a good (June) quarter for us, our outlook for the year will still be a single-digit growth or flattish growth. The base effect (of last year) is huge for the second half."
Denne historien er fra July 12, 2025-utgaven av Financial Express Kochi.
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