Wednesday, January 29, 2025

Car buyers eye upgrade amid a flurry of premium models

Rising demand for premium passenger vehicles is leading automakers to focus on this segment with new offerings, particularly in the electric vehicle space. Sales of utility vehicles priced at ₹30 lakh to ₹60 lakh have grown by 12% in the first nine months of FY25, and companies like Mercedes-Benz and BMW are leveraging tax benefits to make EVs more affordable.

from Auto-Industry-Economic Times https://ift.tt/KynzfEl

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Mercedes plans bigger India play with greater localisation of parts

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