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- In October 2021, Mercedes Benz unveiled a new business model that helped boost car sales in India. As part of the new strategy, the luxury car manufacturer intends to offer benefits of 1-2 lakh INR on the selling price to its customers. Major Players AB Volvo JAGUAR LAND ROVER LIMITED AUDI AG Mercedes-Benz AG BMW AG - Source: Internet
- Key Market Trends Luxury SUVs are Witnessing Rapid Growth in the Country Shifting consumer preference from luxury sedans and luxury hatchbacks to luxury SUVs across the country is likely to witness major growth in the market. To meet the growing demand, international companies like BMW, Mercedes Benz, Volvo, and Audi, are launching new models every year. For Instance, In June 2021, Mercedes-Benz launched Mercedes-Maybach GLS 600 became the first SUV ever to hold the Maybach brand name. - Source: Internet
- In November 2021, Audi launched its new luxury SUV for India- the new Q5 at a starting price of Rs 58.9 lakh. The Q5 is an important SUV since the earlier model formed a large chunk of its SUV sales in India. - Source: Internet
- Buying a new luxury sports car might not be on your cards, but you can fulfil your wish by purchasing a second hand exotic sports car. At Big Boy Toyz, a wide range of pre-owned luxury sports car is put on sale. Not only are the cars well maintained but are also, available at the best prices. - Source: Internet
- Recent Developments In March 2022, Mercedes-Benz India launched a new S-Class sedan under its luxury brand, Maybach. The 2022 Mercedes Maybach S-Class is available in India at a starting price of INR 2.5 crore (ex-showroom). The new Maybach S-Class will be available both as locally manufactured units and completely built units (CBU). - Source: Internet
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