Tag Archives: Luxury

Editorials, Market, Sponsored

Luxury Car Rentals in Delhi

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A luxury car rental agency is an automobiles company that rents cars to customers for a short period of time ranging from a few hours to a few weeks. It is located in various cities and provides online reservations for cars.

These serve people for self-drive, travel and tour, wedding occasions, corporate purposes, and employee transportation. These provide a self-moving industry for the customers by renting cars from one city and dropping them at another city.

The cars of these agencies consist of insurance, global positioning system (GPS) navigation systems, entertainment systems, mobile phones, portable Wi-Fi, and child safety seats.

India’s capital, Delhi, is a metropolitan city in the country’s north and has a great historical significance as an important commercial, transport, and cultural hub.

Delhi consists of various companies that provide luxury car rental services such as LUXORIDES, Luxury Car Rentals, Wedding Car Delhi, and Victoria Car Rentals.

LUXORIDES is a luxury car rental organization in Delhi NCR. It is expanding in North India, which includes places such as Lucknow, Agra, and Jaipur. It offers a wide range of brands for rental and lease. The brands which it includes are Audi, BMW, Mercedes, Jaguar, Land Rover, Bentley, Porsche, Rolls Royce in all sorts of categories such as Convertibles, Sedans, SUVs, and Limousines.

It provides quality services in Muscle Cars, Vintage Cars, Ultra Luxury Cars, and Standard Cars. Luxorides can cater to Wedding, Corporate, VIP, and Personal transport, travel, and transfer needs. With respect to the current pandemic, Luxorides is helping out the people as they feel safer in traveling via road transportation than any other transportation.

Editorials, Market

Luxury Cars in the Indian Automobile Market

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India consists of one of the largest automobile markets which accounts for approximately 7.1% of the country’s GDP. The major components include; growth in purchasing power (especially in tier 2 and tier 3 cities), economic growth, rapid urbanization, and the drive to increase the car per capita ratio (less than 200 cars per 1000 population).

The luxury car witnessed stable growth over the years and gained significant traction. In today’s era, Mercedes-Benz, BMW, and Audi are dominating the Indian market. In the year 2017, the sales stood at around 40,000 and India became the 27th most attractive luxury car market in the world.

Mercedes-Benz was the first luxury car brand to enter the Indian market. It was the leading luxury car brand and enjoyed a monopoly in the local market up to 2006. This followed up by entering BMW in 2006 and Audi in 2007.

Mercedes-Benz registered the utmost sales as compared to their rival brands for the third consecutive year and sold 15,300 units in 2017. This was the highest sale ever in a year and led to a growth of 15.9% more than the preceding year.

BMW registered an entire sale of 9,800 units with a growth of 25% in 2017 as compared to 2016. Audi registered a growth of 2% with a total sale of 7,876 units in the same year.

The increase in sales was due to the introduction of more competitive pricing products, new styles, and expansion of the product portfolio.

The company’s progress was achieved with the launch of newer models including the high-performing AMG and introducing a variety of series to the model.