# Luxury car sales in India rose by a modest about 3% from a year earlier in the March quarter.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- Luxury car sales in India grew only 3% in Q1 2024, lagging mainstream market growth.
- BMW India outperformed the segment with a 17% sales increase, selling 4,567 vehicles in Q1.
- Electric vehicles accounted for 26% of BMW's Q1 sales, with EV sales rising 83% to 1,183 units.
- BMW plans to launch 25 new vehicles in 2024, including 10 MINI and 15 BMW models.
- BMW expects vehicles over Rs 40 lakh to reach 5% of total car sales by 2030.

**Companies:** BMW, Audi, Mercedes-Benz
**Countries:** India, Germany, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/industry/auto/cars-uvs/luxury-car-sales-growth-slows-to-3-amid-global-jitters/articleshow/130118953.cms)

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