While the Indian auto sector is experiencing a down
run, the luxury car market is witnessing growth. The sector is expected to grow
at a rate of 15% per annum in the period 2015-2018. In 2013 the Indian luxury
car market sold more than 32,000 units and the current market size is estimated
to be 40,000 units. The compact luxury segment is up coming in India and to tap
the potential Audi and Mercedes are looking to launch new models in the country
at competitive pricing possible due to local assembly.
Growth in the global luxury car market in 2015 is
expected to be led by demand from China and India which have been posting
double digit market growth and recovery of the European luxury car market.
China became the largest auto market in the world in 2009, leaving the US
behind. It is projected that the luxury car market in China will grow at an
annual compounded rate of 12% in 2014-2020 while the overall passenger car
market will grow at 8%.
Why should the report be purchased?
The report ‘Analyzing the Indian Luxury Car Market
2015-2020” highlights key dynamics of the Indian luxury car market. The growing
opportunity in the sector has been investigated along with capturing
initiatives and performance of key players such as Volkswagen AG, Daimler AG,
Bayerische Motoren Werke AG, Tata Motors Limited and General Motors. The report
contains latest industry-related opinions.
Research
methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key public industry sources and
publications has been scanned and analyzed impartially to present a clear
picture of the industry. All recent developments which impact the sector
dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user
license. The delivery time for the electronic version of the report is 3
business days as each copy undergoes thorough quality check and is updated with
the most recent information available. The dispatch time for hard copies 5
business days, as each hard copy is custom printed for the client
Spanning over 30 pages, “Analyzing
the Indian Luxury Car Market 2015” report covers the Analyst Opinion, Global
Luxury Car Market Overview, India Luxury Car Market, Market Drivers, Emerging
Trends, Challenges, Competitive Landscape, Outlook, Other Growing Luxury Car
Markets, List of Charts and Graphs, Research Methodology. The report covered companies
are - Volkswagen AG, Daimler AG, Bayerische Motoren Werke AG (BMW), Tata Motors
Limited, General Motors Company
For
further information on this report, please visit-
http://mrr.cm/4Ag
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at: http://www.marketresearchreports.com/automotive
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