The Wholesale Price Index of motor vehicles across India during financial year 2024 was *****. An overall increase in the index value was seen over the years from financial year 2013 in the country.

India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data was reported at 121.500 2012=100 in Oct 2018. This records an increase from the previous number of 119.600 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data is updated monthly, averaging 114.650 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 121.500 2012=100 in Oct 2018 and a record low of 107.000 2012=100 in Mar 2014. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

The Wholesale Price Index of parts for motor vehicles across India during financial year 2024 was more than ***. This price index value increased by about ** percent from the base financial year of 2012. An overall increase in the price of the auto parts was seen over the years from financial year 2013.

The Indian premium car market, encompassing luxury vehicles priced above INR 20 lakh, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 6.40% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes among India's burgeoning affluent class, coupled with a desire for aspirational luxury goods, significantly boosts demand. Furthermore, the increasing availability of financing options and improved dealership networks make premium car ownership more accessible. The preference for SUVs within the premium segment continues to dominate, driven by their spaciousness, versatility, and perceived higher status. The shift towards electric vehicles (EVs) is gradually impacting the market, although internal combustion engine (ICE) vehicles still maintain a substantial majority. However, stringent emission norms and government incentives are likely to accelerate EV adoption in the coming years. The market is segmented by vehicle type (hatchback, sedan, SUV), drive type (ICE, electric), and price range (INR 20-50 Lakh, INR 50-80 Lakh, above INR 80 Lakh), allowing for targeted marketing and product development. Competition among established players like Mercedes-Benz, BMW, Audi, Volvo, Jaguar Land Rover, and others is intense, leading to innovation in technology, design, and customer service. While the growth trajectory is positive, the market faces certain restraints. Economic fluctuations, particularly inflation and fluctuating fuel prices, could dampen consumer sentiment and affect purchase decisions. Additionally, import duties and taxes on premium vehicles impact pricing, potentially limiting accessibility for some buyers. The ongoing development of domestic luxury car manufacturing capabilities within India is expected to help mitigate these challenges, while increasing competition is likely to drive further innovation and price optimization within the sector. The continuing trend of preference for SUVs and the increasing presence of electric vehicles will need to be accounted for in long-term strategic planning by all market players. Recent developments include: In March 2022, Mercedes-Benz India launched a new S-Class sedan under its luxury brand, Maybach. The 2022 Mercedes Maybach S-Class is available in India at a starting price of INR 2.5 crore (ex-showroom). The new Maybach S-Class will be available both as locally manufactured units and completely built units (CBU)., In December 2021, Aston Martin's first-ever SUV was launched in India in January this year at INR 3.82 crore. The SUV comes with a Mercedes-AMG-sourced 4.0-liter twin-turbo V8 engine that puts out 542 bhp with 700 Nm in combination with a nine-speed automatic gearbox., In November 2021, Audi launched its new luxury SUV for India- the new Q5 at a starting price of Rs 58.9 lakh. The Q5 is an important SUV since the earlier model formed a large chunk of its SUV sales in India., In October 2021, The fifth-generation Jaguar F-Pace with MHV version made its debut on the market. Jaguar offers the F-Pace in four trim levels: F-Pace 250, 250 S, S 340, and R-Dynamic S 400. The S 340 uses a 3.0-liter six-cylinder turbocharged mild hybrid with 335 hp. Finally, the R-Dynamic S uses the same engine and boosts power slightly to 395bhp.. Notable trends are: Luxury SUVs are Witnessing Rapid Growth in the Country.