Why India’s used luxury car market is growing

“Luxury cars are mostly driven in top cities and metros because the roads are rarely good in smaller cities and villages,” says Honey Katiyal, founder of Investors Clinic, a real estate advisory firm.


India’s used-luxury-car market is growing 15-20% annually, with sales volume averaging over 60,000 units a year. The average price of used luxury cars such as those from Audi, BMW, Mercedes and Jaguar Land Rover are priced between Rs 25 lakh and Rs 40 lakh.

I don’t gamble at the casinos, nor do I keep horses.The only vice I have is my love for cars. It’s my guilty pleasure,” says Priyank Sukhija, the promoter of First Fiddle Restaurants.Sukhija, 41, bought his first car — a second-hand Maruti Esteem — 24 years ago. Two years later, when he opened his first restaurant, Lazeez Affaire, at Malcha Marg in 1999, he upgraded to a second-hand Daewoo Cielo.As his restaurants sprouted across Indian metros,

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