No slowdown in luxury: Maybach sold ten cars every week in India in 2024 NEW DELHI: The current market sentiments may look challenging, but there has been no let-up in luxury purchasing by ultra-wealthy buyers. Maybach – which retails cars priced upwards of Rs 3 crore in India – sold almost ten cars every week in India last year, led by purchasing from the growing list of billionaires and millionaires who continue to remain buoyant despite challenges to the economy and meltdown of stock markets. The company also has its youngest set of customers globally in India and now expects the market to soon break into its Top 5 countries worldwide in sales, global head Daniel Lescow told TOI as it unveiled the Rs 4.
2 crore (ex-showroom) two-seater open-top ‘SL680 Monogram Series’. Part of German luxury giant Mercedes-Benz, Maybach – which originally sold cars in India to the erstwhile royalty -- sees demand to stay strong as it expands presence while driving in new models. “Maybach has a history of over 100 years in India, and it is simply amazing to see how the brand has developed and evolved.
Just last year, we saw a growth of 145% in our India sales as numbers crossed 500 cars, making it one of the fastest-growing countries for us globally.” “The numbers here are absolutely stunning. I am very optimistic and there’s a good growth potential here.
At the same time, we are working hard to increase the brand’s awareness and deepen the understanding on our products. W.
