The growing rich class in the country has brought smiles on the faces of luxury auto makers. Here is a glance at the Top 10 Luxury Cars present in India today that are still within the reach of a professional.
Top 10 Luxury Cars in India
More than 5,000 luxury cars were sold in 2006, up from 3,000 cars in 2005 and just 1,000 in 2004. Over 80,000 millionaires in metros and mini-metros have fuelled increasing demand for these vehicles priced at Rs 20 Lakh and above. Car loans have also come up with competitive equated monthly installments (EMIs) to attract the common individual with big dreams. Top of the line marques like Mercedes-Benz, BMW, and Audi are now available at an EMI very close to those of premium cars like Honda Accord, Toyota Corolla, and Hyundai Sonata. In the volume car market, 75% of all sales are financed, while 60% of luxury cars are financed. Here is a look at the Top 10 Luxury Cars any successful professional can afford.
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BMW 3 Series
BMW was the first among the foreign car makers to realize the growing potential of the Indian market. It rolled out the 3 Series and also started locally assembling the car to get across the 112% import duty on luxury cars making its products cheaper and more affordable to the buyer. The 3 Series is an executive sedan that is sure to give the Mercedes C-Class and Audi A4 a run for their money. It is the ultimate driving machine here, but with a sparse dealership network, limited only to Delhi and Chennai. Its high quality interiors buzzing with techno gadgetry along with a strong build and brilliant handling make it a winner in the luxury car makes. Its only complaint is that the 320i motor is not up to enthusiast standards and ride quality is harsh. The 2.0L engine generates 156 bhp in the diesel version and 136 bhp in the petrol version. A 6-speed automatic transmission promises new thrills and comfort. The estimated fuel economy is 11/19 km/l (city/highway). The price for this model starts close to Rs. 27 Lakh (ex-showroom Delhi).