More than 70 new luxury vehicles, including brand new vehicles, facelifts and new variants, are set to be launched this year. Industry experts expect the luxury car market to record sales of 28,000 to 33,000 units in 2021, up from 20,000-21,000 last year.
A lot more than 70 new luxury cars, such as brand new cars, facelifts and new variants, are set to be launched this 12 months. Industry experts hope the luxury auto industry to record product sales of 28,000 to 33,000 units in 2021, up from 20,000-21,000 previous 12 months.

By Anirban Ghosh

New Delhi: Given that the Covid-19 pandemic strike the planet, luxury automobiles took precedence amid the new launches in India. Out of the complete 18 new introductions on the industry in 2020-21, 13 have been luxury automobiles such as ten SUVs. Even luxury carmakers desired SUVs to sedans.

Luxurious automobiles are probable to repeat the general performance in 2021 also. A lot more than 70 new luxury cars, such as brand new cars, facelifts and new variants, are set to be launched this 12 months. Industry experts hope the luxury auto industry to record product sales of 28,000 to 33,000 units in 2021, up from 20,000-21,000 previous 12 months.

In 2020, Mercedes Benz Ag had 4 new launches. Ferrari had three new launches and all of them have been priced earlier mentioned INR 3 crore. 7 of the premium cars have been in the cost vary of INR 1crore and INR 3 crore, two in the vary of INR 50 lakh and INR 1crore and 3 in the cost vary of INR 25lakh and INR 50 lakh.

Motor vehicle Name Launch Date Motor vehicle Variety Base Price Models Sold (2020-2021)
Nissan Magnite 2nd December Compact SUV 5.fifty nine Lakh nine,569
Kia Sonet 18th September Compact SUV 6.seventy nine Lakh 63,717
Toyota Urban Cruiser twenty third September Compact SUV eight.62 lakh sixteen,316
Tata Nexon EV 20th December Electrical Compact SUV 14 lakh
MG Gloster eighth Oct Luxurious SUV 29.ninety eight Lakh 2513
Audi Q2 sixteenth Oct Luxurious SUV 34.ninety nine Lakh NA
BMW two Series 15th Oct Luxurious Sedan 37.ninety Lakh NA
BMW X3 M 2nd November Luxurious SUV ninety nine.ninety lakh NA
Mercedes-Benz EQC eighth Oct Electrical SUV one.04 Crore NA
Mercedes-Benz AMG GLE 53 eighth September Coupe one.27 Crore NA
BMW eight Series eighth Might Sedan one.32 Crore NA
Audi RS7 sixteenth July Sedan one.94 Crore NA
BMW X5 M twenty sixth November SUV one.94 Crore NA
Audi RSQ8 twenty seventh August SUV two.07 Crore NA
Mercedes-Benz AMG GT Might 2020 Sports Car or truck two.27 Crore NA
Ferrari Roma September Sports auto 3.61 crore NA
Ferrari F8 tributo August Sports auto 4.02 crore NA
Ferrari Stratdale December Sports auto 7.50 crore NA

*(Facelifts of older cars are not regarded right here as new launches)

Tata Nexon EV was the only motor vehicle in the vary of INR ten lakh and INR 25 lakh.

Non-luxury carmakers like Toyota, Nissan and Kia launched one motor vehicle every in the INR 5 lakh to INR ten lakh cost vary.

Shockingly, India’s major carmaker Maruti Suzuki did not have any new launches in 2020-21.

ETAuto has earlier described that the share of SUVs or UVs is increasing in the Indian PV industry. In the earlier five years, the domestic product sales development has altered in favour of utility cars which rose from about 761,485 units in FY17 to one,019,394 units in FY21.

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India’s tremendous-luxury auto (priced earlier mentioned INR two crore) product sales have evidently been on a growth trajectory for the earlier handful of years. The area of interest segment grew a lot more than three fold from about one hundred fifty automobiles in 2018 to about five hundred automobiles in 2020. But the overall quantity of the segment continues to be too low to be sizeable. Though India is 1 of the international locations getting the optimum amount of millionaires in the planet, it doesn’t figure amid the best 25 markets for such automobiles in the planet.

The auto is powered by a V10 the natural way-aspirated 640 hp engine, able of accelerating from -a hundred km/hr in 3 seconds, -200 km/hr in nine seconds and a best pace of 310 km/h.