While budget buyers hold back, India’s wealthy push luxury car sales to new highs in FY25
Rising food inflation and falling wages have prompted urban consumers to hold back their car purchase plans in FY25, as evidenced by muted sales in the mass-market segment. However, the wealthy class continued their luxury shopping spree, with demand for premium cars remaining strong throughout the fiscal year. Luxury carmakers sold 51,406 units in FY25,…