The number of luxury cars in India recorded a sharp increase in the last five years, an analysis of vehicle registration data shows. Nearly 5 lakh luxury cars have been registered till date in India across various Regional Transport Offices, according to the Vahan portal. Of them, close to 30% were registered in the 2020-2024 period. This number is significantly high considering that the first two years in this period coincided with the pandemic and various sections of the economy were still in the recovery phase in the following two years.
For this analysis, certain manufacturers were termed luxury brands based on reports published in various credible news portals. The selection includes the following manufacturers: Lamborghini, BMW India, Porsche, Jaguar Land Rover, Mercedes-Benz, Volvo, Bentley Motors, Lexus Motors, Rolls Royce, Ferrari India, Audi AG, Aston Martin, Maserati, Acura Legend and Alfa Romeo. In some cases, the price of cars was also considered.
Table 1 | The table lists the luxury brand-wise number of cars registered in India till date (A), the number of cars registered between 2020 and 2024 (B), and the share (B as a % of A).
