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BMW predicts luxury car boom in India doubling by 2030 as new buyers fuel demand
Automobile
Published on 24 April 2026
A generational shift is turning luxury into a mass aspiration
BMW expects India’s luxury car market to double its share by 2030, driven by younger, affluent aspirational buyers. The automaker points to rising affluence and a generational change in spending habits as key catalysts. As luxury vehicles become more accessible and desirable, the segment is set for major expansion, with momentum expected to continue beyond 2030.
- BMW forecasts India’s luxury car market will double by 2030
- Younger and aspirational buyers are powering the demand shift
- Rising affluence and new spending preferences are major drivers
- Greater accessibility could expand luxury’s customer base
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times