Key Points
Around 21,000 luxury cars were sold in India in the first six months of this calendar year..
This represents a 16% growth over all of 2022 and is 7% more than the peak sales for the same period in 2018..
After registering strong double-digit growth between 2008 and 2014, the industry has been largely stagnant below the 40,000 units-per-year mark..
The strong showing in the first half this year has raised expectations of the industry exceeding its highest-ever tally and perhaps hitting 45,000-47,000 units this year...
Lamborghini, which sold a record 92 cars in India in 2022, said demand was stronger than supply and industry volumes would have topped 1,000 if there were no mismatch..
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