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Premium and Luxury Cars in India

  • ID: 5004101
  • Report
  • February 2021
  • Region: India
  • 19 pages
  • Euromonitor International
The COVID-19 pandemic has severely negatively affected sales of premium and luxury cars, with double-digit retail volume and current value declines in 2020. India took aggressive but vital actions and implemented restrictions in order to contain the spread of the virus. Towards the end of March the government announced a nationwide lockdown for 21 days, which was extended until near the end of May. After that, restrictions eased in phases, and businesses slowly reopened.

The Premium and Luxury Cars in India report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Premium and Luxury Cars market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
KEY DATA FINDINGS

2020 IMPACT
  • COVID-19 leads to a steep decline
  • The strongest players are hardest hit, but popularity of SUVs brings some relief
  • Stricter emissions norm implemented, and electric vehicles develop only slowly
RECOVERY AND OPPORTUNITIES
  • Increases in prices of luxury cars to recover losses from the pandemic
  • Key brands support dealer partners to survive and ramp up sales in 2021
  • Brands implement online shopping and consultations to connect with customers
CATEGORY DATA
  • Table 1 Sales of Premium and Luxury Cars: Value 2015-2020
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2015-2020
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2015-2019
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2016-2019
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2020-2025
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2020-2024
EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?
MARKET INDICATORS
  • Table 7 Number of High Net Worth Individuals (HNWI): 2015-2020
MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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