Search
Log-in

Expensive Cars Booming in India

Outdoor Car Show in India

The Hindu Business Line

Praise [insert whatever deity or figure you hold dear here] for rising standards of living, incomes and disposable income levels, India is seeing significant growth in its luxury car market. While it might not seem like this will affect those in Europe or the Americas, look at it this way - A bigger worldwide market means more competition, more competition means lowering costs and more innovation.

 

  With household incomes on the rise, Indians are now opting for more expensive cars with better styling and more features, a JD Power Asia-Pacific study says.

According to the Sales Satisfaction Index (SSI) study, the average number of months of income required to buy a small car, 10 months, has not changed in the past five years.

So, while buying capacities are up, the financial stretch required to own a car remains unchanged because they are buying more expensive cars. Read More

Octavio

...(Read More)

Related Articles

Around the web