# India's total automobile market has grown by around 17 per cent in the January-March Quarter.

*business · news · 2026-04-08 · The Tribune*

## Key points

- India's luxury car segment grew only 3% in Q1 2024, versus 17% overall market growth.
- The West Asia conflict has specifically impacted luxury car exports and buyer sentiment in India.
- BMW Group India's retail sales grew 14% in Q1, outperforming the broader luxury segment.
- Forex volatility is currently a bigger concern for BMW India than raw material prices.

**Companies:** BMW Group
**Countries:** India

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/west-asia-conflict-dents-luxury-car-sales-in-india-ceasefire-a-step-in-right-direction-says-bmw-india-ceo/)

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