Rolls-Royce: Now rich Indians buy Rolls-Royce at the age of 45, said British luxury car manufacturer
Rolls-Royce: Kang refused to provide any booking statistics for the Specter-class vehicle, which is scheduled to go on sale worldwide in 2023. He said there has been a lot of demand for the Spectre. Its supply may not be available for more than a year.
At 45 years old, extremely wealthy Indians are now purchasing Rolls-Royce vehicles. According to Ivan Kang, the British luxury car manufacturer's product and regional sales manager, the average age of affluent individuals purchasing Rolls-Royce vehicles in India has dropped from previous years. The majority of buyers of luxury vehicles these days are 45-year-old Indians who are extremely wealthy. According to Kang, the cost of a custom-made Rolls-Royce automobile is determined by the buyer's preferences. The Spectre model starts at Rs 7.50 crore (ex-showroom).
Waiting period of more than one year
Kang declined to give any booking figures for the Specter-class car due to be launched in the global market in 2023. Demand for the Specter has been strong, he said. The waiting period for its supply can be more than a year.
- Spectre, an e-vehicle valued at Rs 10 crore, is launched: The all-electric Rolls-Royce Motor Cars "Spectre" made its debut in the Indian market on Tuesday. In Chennai, its showroom price is Rs 10 crore. A limited version of the Spectre model in the green-yellow hue known as "Chartreuse" was also unveiled during this event.
Potential growth in the passenger vehicle sector of up to 20%: It is anticipated that the passenger vehicle (PV) sector will expand by 18 to 20 per cent in the current fiscal year. Growth is probably going to continue in 2024–2025 thanks to things like an improved supply chain and a robust order book.
According to research released on Tuesday by credit rating agency CareAge, demand for the premium category is anticipated to remain strong. On the other hand, rising borrowing rates and inflation might lessen the desire for inexpensive cars. Over the past several years, there has been a notable surge in sales of electric four-wheelers.
It accounts for 6% of all e-vehicle sales. According to Tanvi Shah, head of CareAge Research, the passenger car market saw record sales in 2022–2024 with a 27% yearly rise.
