Luxury cars continue to cruise in the fast lane

Luxury carmakers have carried forward last year’s momentum and are on course to deliver another year of solid growth. Late last month, Mercedes-Benz India head Santosh Iyer told news agency PTI that sales rose 13% year-on-year (yoy) to 8,528 units in the first half of 2023 and that the company was looking at achieving its highest annual sales. Audi India, which is on the recovery trail, reported a 97% yoy increase to 3,474 units for the same period….

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