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- Lamborghini is the only luxury carmaker to have performed better during this period, doubling its sales from 13 units (in FY 2019-20) to 26 (in FY 2020-21). This doesn’t come as a surprise, considering the Rs 3.1 crore Lambo SUV has already sold over 100 units since its launch in 2018. - Source: Internet
- The contribution of the luxury car segment to the overall passenger vehicle sales has also dropped sizeably. For reference, in FY 2019-20, 40,637 units were sold, resulting in a 1.46% market share. Whereas in FY 2020-21, the number came down to 19,781, translating to a market share of only 0.83%. - Source: Internet
- “We will aim to outpace the market because of 25 new launches planned for 2021,” Pawah told Economic Times. “This has to be the highest level of product action from the company. The demand for personal mobility is moving up, it is evident from consumer behaviour. With the time to spend with our family, there is a lack of international and local travel, there are a lot of driving holiday concepts coming up as well, which is increasing the demand for premium and luxury cars as well.” - Source: Internet
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