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India’s used luxury car market is set to grow by 16.3 per cent annually between 2024 and 2032.
Today, spotting a Porsche or a BMW is increasingly common. (Photo Credit: X)
A senior Finance Ministry official was killed on Monday after a BMW X5 collided with his motorcycle near Delhi Cantonment Metro Station. Navjot Singh, 52, died at the scene, while his wife sustained serious injuries and was rushed to a hospital. The BMW was allegedly driven by 38-year-old Gaganpreet Kaur, who has been arrested, and the vehicle has been seized.
A decade ago, spotting a luxury car on Indian roads was a rare sight. Today, spotting a Porsche or a BMW is increasingly common, even in Tier 2 cities. Supercars are rising these days on Indian roads. Once the domain of the ultra-rich, they are now an aspiration for the new generation. India’s luxury car market is booming.
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Rise Of Supercars In India
According to a January report by GlobeNewswire, India’s used luxury car market is set to grow by 16.3 per cent annually between 2024 and 2032, almost twice as fast as new luxury car sales. Pre-owned BMW X3s and Audi Q5s are now seen not just in Mumbai and Bengaluru, but also in smaller cities like Indore and Lucknow.
“The new luxury car market has reached a significant milestone, selling over 50,000 units in 2024. This success is driven by a growing affluent consumer base in urban centres,” Siddharth Agrawal, CBO (Autos) at OLX India, told India Today. “It’s still very much a status symbol.”
Why The Boom
The pre-owned luxury car market is growing due to better access, transparency, and financing. Programmes by Mercedes-Benz and startups like Spinny Max and Big Boy Toyz have made buying used cars easier and more reliable.
The typical buyer is aged 30-50, often a young salaried professional, entrepreneur or second-gen business owner. Financially literate and image-conscious, many prefer financing their vehicle rather than paying up front.
Younger buyers see pre-owned luxury cars as a smart choice rather than a compromise, often preferring a used Audi over a new mid-range car.
Tier 1 cities still lead the market, with better infrastructure, spare parts and service networks. The used luxury car segment has reportedly grown 20-25 per cent over the last 3-5 years in these cities due to better access to spare parts, luxury repair centres, and organised dealerships. Tier 2 cities are catching up, fuelled by cheaper high-end diesel vehicles from Delhi’s diesel ban.
Speed + Recklessness: A Deadly Mix
The rise of supercars comes with consequences. On May 19, 2024, two IT professionals were killed in Pune when a Porsche, allegedly driven by a 17-year-old under the influence, hit their motorcycle. Police filed a 900-page chargesheet against seven people, including the teen’s parents and doctors.
This June, two tech employees from Hyderabad died in a car crash in Edulabad, reportedly due to drunk and negligent driving. Blood tests and CCTV footage were collected, and a case was registered under Section 106(1) of the Bharatiya Nyaya Sanhita.
Drunk Driving And Underage Risks
On March 31, a two-year-old was killed in Paharganj, Delhi, by a Hyundai Venue driven by a 15-year-old. CCTV footage showed the car crushing the child despite slowing down. Both the teen and his father faced legal action for rash and negligent driving.
In 2019, a five-year-old boy was killed by an Eeco van fleeing after hitting another man in Neb Sarai. The driver was caught by locals and charged with rash and negligent driving.
About the Author
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d…Read More
The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d… Read More
Delhi, India, India
September 16, 2025, 08:00 IST
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