As per the reports shared by FADA, Luxury Cars Retails in India for FY2021 dipped almost by -42.5% when compared to FY2020. The volumes were hit hard due to the COVID 19 pandemic and almost all OEMs reported a double-digit decline. The only exception being Lamborghini – Its sales doubled in FY2021 owing to the success of the SUV Urus!
The segment volumes almost halved in FY2021 and was one of the worst hits in the previous fiscal. While the sales were already reeling due to the BS6 transition; the segment succumbed further to Covid 19.
Mercedes Benz maintained its leadership in the luxury cars segment and commanded over 38% Market Share. It also gained a significant Market Share in FY2021.
BMW has been aggressive too with series of new model launches/upgrades. However; it suffered a decline of -41.8% in FY2021 v/s FY2020 and ranked second in the table.
JLR retails stood at 1,696 units in FY2021, down from 3,756 units in FY2020. The sales decline is reported at over 54 percent. MS stood at 9.2 percent. Recently a global restricting move has seen JLR India shed a part of its non-manufacturing workforce.
Lamborghini globally had recently posted a record-breaking first quarter with sales reaching the highest point in its 58-year history (source). The volumes in the Indian market was also impressive and the Italian marque recorded 100% YoY growth in FY2021 v/s FY2020. Urus SUV obviously was the most popular Lamborghini model and led to the sales spurt.
Note: The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. Vehicle Registration Data has been collated as of 08.05.21 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,289 out of 1,493 RTOs.