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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Used Luxury Car Market Size
The India used luxury car market 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.
India Used Luxury Car Market Report Snapshots
India Used Luxury Car Market Size
India Used Luxury Car Market Analysis
India Used Luxury Car Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 16.30% between 2025 and 2034.
The growing popularity of luxury car rental services and the presence of a young population who have a strong interest in luxury cars are the major market drivers.
The market growth is guided by the increasing demand for electric vehicles and the increasing affluent population in the country.
The major states include Maharashtra, Karnataka, Gujarat, Tamil Nadu, Haryana, Delhi, Uttar Pradesh, Kerala, West Bengal, and Chandigarh, among others.
The different vehicle types include hatchback, sedan, and sports utility vehicles, among others.
The various fuel types used in the product are petrol, diesel, and electric.
Organised and unorganised are the several vendor types of used luxury car.
The key players in the market include 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, and Valuedrive Technologies Private Limited (Spinny), among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124