The forthcoming festive season in India is anticipated to fuel a significant increase in luxury car sales, with expectations for a robust performance. Luxury car manufacturers are optimistic about a sales surge during the festive period. Industry analysts forecast that 10,000 to 12,000 luxury vehicles could be sold. Santosh Iyer from Mercedes-Benz India mentioned that initial market conditions faced headwinds due to worldwide instability, but the festive season is expected to provide a boost. He pointed out that purchases in the luxury segment are largely influenced by consumer sentiment. Despite existing geopolitical challenges, the 100-basis-point reduction in the repo rate by the RBI is seen as a positive factor, contributing to the anticipation of better sales figures.
