According to industry estimates, 11,853 units were sold by luxury carmakers in the country in the first three months of 2024, registering a growth rate of 14 per cent Y-o-Y.
The German luxury carmaker also clocked its best ever financial year (2023-24) in India, selling 18,123 units, up 10 per cent from the 16,497 units in 2022-23. The three German rivals Mercedes, BMW (excluding MINI), and Audi together sold 9,968 units between January and March. Among the three, Mercedes had a 55 per cent market share.
BMW sold 3,510 cars in the quarter, up 51 per cent Y-o-Y. It sold 170 units of MINI, which grew 52 per cent.
This story is from the April 12, 2024 edition of Business Standard.
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This story is from the April 12, 2024 edition of Business Standard.
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