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8 Reference List: Luxury Car Sales Worldwide 2021 | Best-Selling Luxury Vehicles 2021
- BMW X6 is credited to start this segment globally in 2008. SUV coupe, available only in luxury car segment, is catching up in India as well. All SUV coupe numbers put together commands 3% market share of luxury SUV category with considerable 408 units. This is significant, considering all SUV coupe price range starts over ₹ 70 lakhs. - Source: Internet
- Performers stage a dance at the 19th Guangzhou Auto Show on November 20, 2021 in Guangzhou, South China’s Guangdong Province. A total of 1,020 cars were on display and 54 made their global debuts at the show. Photo: VCG - Source: Internet
- On top of that, input cost inflation in recent times and the rise in the price of precious metals used in emission control equipment added to the misery. Chip shortage added to supply-side constraints as well. However, despite all adversities, demand came back in the luxury car segment as well and most players are doing well. - Source: Internet
- Audi was struggling throughout the year with its exorbitant priced CBU Q2 and petrol-only A4 and A6 being sold at huge discounts. The absence of Q5 and Q7 for the larger part of 2021 also compounded the problem. So nothing much to conclude from Audi’s weak position in the Indian market, which is apparent. - Source: Internet
- JLR is kind of lost in Indian market. Jaguar sedans are in dire straits with discontinued XE (unofficially) and CBU only XF. However, Range Rover products have shown good potential among Indian audience craving for luxury. Range Rover brand became new darling of celebrities from movie and cricket world. Despite high price, Range Rover Evoque and Velar are regarded as luxury accessories in urban India. - Source: Internet
- All imported Toyota Vellfire is priced over ₹ 90 lakhs ex-showroom and still sell in quite a large numbers. This speak a lot about premium imagery ‘T’ brand has and how phenomenal product is. This strange comparison shows how well Vellfire is selling, with BMW X5 is priced in similar price territory and the volume it is doing and volume most luxurious large luxury sedans together doing. Toyota now you tasted water, it is time to consider CKD assembly in India and sell even more Vellfire. - Source: Internet
- The Indian luxury car market is going through a recovery phase after COVID-19 induced massive de-growth in 2020. Luxury car prices have also gone through the roof in the recent past. Adverse foreign exchange rate development in the recent past is one of the major reasons, as all luxury cars in India comes through CKD (completely-knocked-down) or CBU (completely-built-unit) route. Impact for different players is different, based on the currency their parent company chose to bill cars in India and the effective currency hedging policy their treasury department adopt. Euro has cooled down in 2022 but USD is still on the boil. - Source: Internet
- Unlike Mercedes, the BMW portfolio’s higher slots are occupied by lower-priced entry-level products. Does it also indicate that chauffeured Indian audiences prefer luxury quotient over sportiness credentials? If so then BMW needs to focus on a softer suspension setup in the Indian market. Despite age, X1 contributes 25% of BMW’s portfolio - Source: Internet
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