India’s wealthy, unlike its poor, were not affected financially by Covid-19, and that has led to hope among luxury carmakers that this segment will be able to continue its upward momentum in 2023 as well. In an interview, Naveen Soni, president, Lexus India, tells Mihir Mishra that smaller towns and first-time buyers in metros are contributing to the uptick in demand for these cars. Edited excerpts:
The passenger car industry reported its best-ever year. How was 2022 for luxury…
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