India's luxury car market is growing rapidly, driven by increasing wealth and changing attitudes among the younger generation. High-end brands like Lamborghini, Ferrari, and Aston Martin are in high demand, with luxury car sales expected to hit 1,200 to 1,300 units this year. This trend shows that more people in India are eager to own super-expensive, top-quality cars.

Knight Frank's latest wealth report shows that the number of ultra-wealthy individuals in India is expected to grow from 13,263 in 2023 to 19,908 by 2028. This increase is likely to boost the demand for luxury cars even more.

According to Knight Frank's latest wealth report, the number of ultra-wealthy individuals in India is expected to rise from 13,263 in 2023 to 19,908 by 2028, further fueling the demand for luxury cars.

India's interest in luxury cars is rapidly growing, fueled by changing attitudes among younger consumers and increasing wealth. High-end brands like Lamborghini, Ferrari, McLaren, and Aston Martin are seeing strong demand in the country, with rising sales numbers highlighting this trend.

Industry experts predict that 1,200 to 1,300 luxury cars will be sold in India this year. This comes after a significant increase in 2023 when sales in the top-end car segment more than doubled to 1,000 units. The rising demand for super-expensive cars reflects a broader trend of growing luxury consumption in India.

Lamborghini has already sold all the cars allocated for India by its Italian headquarters. Popular models like the Huracan, Urus, and Revuelto, which are priced between Rs 5 crore and Rs 10 crore, have been snapped up by eager buyers. Other luxury brands like Ferrari, McLaren, and Aston Martin are also seeing strong growth. Even Mercedes-Benz and Audi are experiencing higher demand, with waiting periods for their luxury models now reaching up to a year. These models are priced between Rs 2.5 crore and Rs 4.5 crore.

Aston Martin recently introduced the Vantage sports car in India, priced at Rs 3.99 crore (ex-showroom). The car, inspired by the iconic One-77 supercar, features Aston Martin's signature muscular design and striking presence.

BMW Group India reported a strong performance in the first half of the year, with a 21% increase in car sales. This growth was driven by their sports activity vehicles, luxury class cars, and electric models. The BMW X7 was the top-selling luxury class model.

Knight Frank's latest wealth report predicts that the number of ultra-wealthy individuals in India will grow from 13,263 in 2023 to 19,908 by 2028. This increase is expected to further drive the demand for luxury cars.