Diabytes
Luxury car market News
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Overall, the company believes that there is huge headroom for growth in the luxury car segment in India, he said.
He added that the company aims to grow faster than the luxury car market in the domestic market in the current fiscal.
In February this year, JLR announced plans to become a net-zero carbon business by 2039 for which its Jaguar brand will become an all-electric luxury vehicle marque from 2025.
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The brand is also hopeful that the luxury car space will outgrow the overall industry growth by a huge margin with over 20 percent growth this fiscal.
In 2014, Audi retained the top slot in the Indian luxury car market.
Mercedes launched on Wednesday a refreshed version of its entry-level, compact car -- the B-Class -- and it plans to increase sales of such models by 50 percent this year.
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