In Chandigarh and Puducherry, the proportion of luxurious automobiles to non-luxury automobiles was increased
| Photo Credit: RAVINDRAN R
The variety of luxurious automobiles in India recorded a pointy enhance within the final 5 years, an evaluation of auto registration knowledge reveals. Nearly 5 lakh luxurious automobiles have been registered until date in India throughout numerous Regional Transport Offices, in accordance with the Vahan portal. Of them, near 30% have been registered within the 2020-2024 interval. This quantity is considerably excessive contemplating that the primary two years on this interval coincided with the pandemic and numerous sections of the financial system have been nonetheless within the restoration section within the following two years.
For this evaluation, sure producers have been termed luxurious manufacturers based mostly on experiences printed in numerous credible news portals. The choice contains the next producers: 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 circumstances, the value of automobiles was additionally thought of.
Table 1 | The desk lists the posh brand-wise variety of automobiles registered in India until date (A), the variety of automobiles registered between 2020 and 2024 (B), and the share (B as a % of A).
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As acknowledged earlier, the registrations of 30% of all luxurious automobiles have been accomplished between 2020 and 2024. However, whereas some manufacturers have gained reputation, others haven’t. For occasion, over 40% of all of the BMWs registered until date have been bought in 2020-2024; in distinction, the corresponding share for Audis was 7%. Similarly, 52% of Lamborghinis, 33% of Porsches, 30% of Jaguar Land Rovers, and 29% of Mercedes-Benz automobiles registered until right now have been bought in 2020-2024. In distinction, the corresponding numbers have been 10% for Rolls Royce automobiles, 13% for Bentleys, 8% for Ferraris, and 4% for Aston Martins. This reveals that preferences have gone by means of a big change up to now 4 years.
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Chart 2 | The chart reveals the variety of luxurious automobiles registered until date throughout numerous States alongside the horizontal axis. The farther to the suitable, the upper the variety of luxurious automobiles registered within the State.
There have been additionally vital variations amongst States. Maharashtra leads the listing by a large margin with greater than 94,000 such automobiles registered within the State until date. This is adopted by Karnataka (56,396 automobiles), Delhi (49,971), Gujarat (42,101), and Tamil Nadu (40,423).
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While absolute numbers are necessary, a comparability with non-luxury automobiles registered within the States gives a greater image. For this function, one luxurious automobile registered in a State for each 1 lakh non-luxury automobiles is plotted on the vertical axis of Chart 2. The increased the State within the chart, the upper the posh automobile focus. Cars manufactured by Maruti Suzuki, Tata, Honda, Hyundai, and Toyota have been thought of non-luxury. For occasion, in Maharashtra, for each 1 lakh non-luxury automobiles registered, there are 1,200 luxurious automobiles. Notably, Maharashtra, Karnataka, Delhi, Tamil Nadu, Haryana, and Goa had an identical focus of luxurious automobiles. In the Union Territories of Chandigarh and Puducherry, the focus was a lot increased. This was on account of decrease street tax and different charges, which considerably lowered the costs of such automobiles.
Table 3 | The desk reveals the identical data as in Table 1 for States with a excessive variety of luxurious automobiles. Luxury brand-wise variety of automobiles registered in India until date (A), the variety of automobiles registered between 2020 and 2024 (B), and the share (B as a % of A).
Of the 154 Maseratis registered in India, 78 are in Tamil Nadu. Of the 723 Aston Martins registered within the nation, 618 are in Karnataka. Maharashtra leads in registrations of Rolls Royce automobiles and Delhi leads in registrations of Alfa Romeo and Acura Legend.
Source: Vaahan Dashboard
rebecca.varghese@thehindu.co.in and vignesh.r@thehindu.co.in
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