Report
Mass-market automakers reportedly gain ground in India's premium car segment
The Economic Times reports that luxury cars remain around 1% of India's passenger vehicle sales, while Mercedes and BMW work out different strategies to drive growth.
TLDR
Toyota, Kia, MG and BYD have entered India's premium car segment with high-priced models, widening competition, The Economic Times reports. The luxury car market remains around 1% of passenger vehicle sales. The report says mass-market automakers are gaining ground as Mercedes and BMW work out different growth strategies.
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