Pune, 10th July 2023: The first half of this year has seen a remarkable surge in luxury car registrations in Pune, with a total of 1,289 high-end vehicles priced between Rs 35 lakh and Rs 50 lakh or more. This figure exceeds more than half of the total registrations recorded last year.
As the festive season approaches, beginning with Ganeshotsav in September, car sales, particularly for high-end four-wheelers, tend to soar. Pune Regional Transport Office (RTO) officials anticipate that registration numbers within this price range will surpass last year’s figures by the end of December, setting a new record.
An RTO official noted that the momentum towards purchasing expensive car models and the increase in purchasing power are evident in the high number of registrations during the first six months. With a little over two months until Ganeshotsav, followed by several significant festivals, the official expressed optimism that this year’s car registrations will easily reach unprecedented levels. During festive seasons, people often make new purchases, and the official believes that the demand for luxury cars will contribute to setting new records.
The ongoing trend reflects the growing demand for luxury cars in Pune, highlighting the city’s flourishing economy and the rising affluence of its residents. As the festive season approaches, dealers and manufacturers can expect a significant boost in sales as consumers are motivated to make new and high-value purchases. With the remainder of the year ahead, Pune is poised to set new records in luxury car registrations, solidifying its position as a thriving market for premium automobiles. The increasing number of luxury car registrations in Pune is a positive sign for the automotive industry and demonstrates the city’s status as a hub for luxury car enthusiasts.
