India Used Luxury Car Market Report and Forecast 2025-2034

India Used Luxury Car Market Outlook

The India used luxury car market size is projected to grow at a CAGR of 16.30% between 2024 and 2032. The market is being aided by the rising young population and the surging demand for luxury cars for subscription services and rentals.

Key Trends in the Market

Luxury cars refer to high-end cars that are usually more expensive than an average car. These cars are made of high-quality materials and have innovative features to make the riding experience comfortable. One of the defining features of luxury cars is their opulent interior made with materials such as fine leather, wood trim, and high-quality metals.

• The India used luxury car market growth is guided by the growing popularity of luxury car rentals and subscription services in urban centres. Consumers prefer used luxury vehicles to experience enhanced comfort without the burden of ownership. This concept is appealing to a broader demographic, including tourists and short-term users.

• India is home to a young population, with a median age of around 29 years. The India used luxury car market demand is being fuelled by the growing preference for luxury goods, including cars, among young consumers, especially millennials and Gen Z. These consumers are exploring premium automobile offerings, which has spurred the market growth.

• One of the major India used luxury car market trends is the exponential rise in the popularity of electric vehicles. With increasing environmental concerns, the Indian government has been implementing stringent policies to control emissions and promote the use of electric vehicles. Noticing the shifting scenario, major manufacturers are increasingly introducing luxury electric cars.

Market Analysis

Based on vehicle type, the market is segmented into hatchback, sedan, and sports utility vehicles, among others. The India used luxury car market segmentation, based on fuel type, includes petrol, diesel, and electric. The market, based on vendor type, is divided into organised and unorganised. The major states for used luxury cars in India are Maharashtra, Karnataka, Gujarat, Tamil Nadu, Haryana, Delhi, Uttar Pradesh, Kerala, West Bengal, and Chandigarh, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India used luxury car market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Cars24 Services Private Limited

• CarDekho.com

• BMW India Pvt. Ltd.

• Big Boy Toyz Pvt Ltd.

• AUDI India

• Mercedes-Benz India Pvt. Ltd.

• CarTrade Tech Ltd (CarTrade.com)

• The Car Mall

• Valuedrive Technologies Private Limited (Spinny)

• Others

Market Share by Vehicle Type

Sedan cars are anticipated to account for a large portion of the India used luxury cars market share. Luxury sedans are preferred among Indian consumers owing to their high level of comfort. Furthermore, the surging presence of manufacturers offering state-of-the-art luxury electric vehicles has significantly enhanced the sales of used luxury cars in India.

Market Share by Fuel Type

According to the India used luxury cars market analysis, electric luxury cars are anticipated to witness a healthy growth in the market. Electric vehicles have gained a remarkable level of attention as a cleaner and environmentally friendly option. In addition, the implementation of favourable policies and subsidies for the adoption of electric vehicles further propels the development of the segment.

Competitive Landscape

BMW India Pvt. Ltd. is one of the most popular brands in the country, operating under its parent organisation Bayerische Motoren Werke AG, a leading global luxury vehicle manufacturing company. BMW India was incorporated in the year 1997 and has since introduced a wide array of premium vehicles in the Indian market.

Big Boy Toyz Pvt Ltd. is a renowned Indian company that specialises in dealing with pre-owned luxury and exotic cars. Since its inception in 2009, the company has experienced rapid growth, emerging as a prominent player in India automotive sector. Located in Haryana, Big Boy Toyz has built a strong reputation for providing a wide selection of carefully curated, top-tier pre-owned cars from prestigious global automotive brands.

AUDI India is the Indian branch of Audi AG, the world-famous luxury automobile manufacturer based in Germany. Since the company’s establishment in 2007, it has developed a strong presence in the market for luxury cars. The company's headquarters is located in Mumbai, and it operates a network of dealerships across various cities in the country.

Other market players include Cars24 Services Private Limited, CarDekho.com, Mercedes-Benz India Pvt. Ltd., CarTrade Tech Ltd (CarTrade.com), The Car Mall, and Valuedrive Technologies Private Limited (Spinny), among others.

Key Highlights of the Report

India Used Luxury Car Market Report Snapshots

India Used Luxury Car Market Size

India Used Luxury Car Market Analysis

India Used Luxury Car Companies