Due to the shortage of semiconductors, the past few years have been tough for the luxury car market in India. Through the used car business, they are attempting to bring potential buyers into the luxury space before they buy a new luxury car. The overall market share of the luxury car market in India still stands at one percent. We have launched five electric cars in India, and we were one of the first manufacturers to launch five cars in India. If you look at any of the Southeast Asian markets in the luxury space, the luxury cars are between 6 and 20 percent.

Source: Forbes June 26, 2023 11:45 UTC