business / news / / The Tribune
India's total automobile market has grown by around 17 per cent in the January-March Quarter.
India's luxury car segment grew only 3% in Q1 2024, versus 17% overall market growth.
KEY POINTS
- 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
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