Luxury car market in India has grown at an accelerated pace in the past couple of years.Researches and studies have revealed that the luxury car market is growing at a steady speed of 25% per annum with more and more numbers of luxury cars entering Indian car market. Moreover, it is not only the luxury brands that are creating a benchmark in the Indian industry but also the affluent class people who are keen to splash cash for the cachet of exclusive cars.

Statistics show that in 2001-2002 there were nearly about 20,000 families in India with an annual income of more than Rs 1 crore and they used to spend some of their income on luxury cars. By 2005, the number of families earning more than Rs 1 crore rose to about 53,000. Even the World Wealth Report 2005-06 has recorded a growth of 19.3 percent in the number of high net-worth individuals in India in the year 2005. It is expected that by the end of 2010, nearly about 1,40,000 millionaires are expected to be found on Indian streets.

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