Shocking Reality of Buying Luxury Cars Revealed | The 1% Club Show | Ep 11
Published: 2023-11-25
Status:
Available
|
Analyzed
Published: 2023-11-25
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Indian luxury car market is projected to sell between 47,000 to 50,000 units in 2023.
"2023 we would be selling around 47,000 to 50,000 luxury cars in India"
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The Indian luxury car market is estimated to be around 50,000 crore rupees, which is approximately $10 billion.
"so around 50,000 CR is the market around $10 billion"
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Mercedes-Benz sells approximately 750,000 cars annually in China, representing 37% of their global sales.
"they sell about 7 and2 lakh cars in a year which is 37% of the total sales of Mercedes bz globally"
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Lamborghini is expected to sell over 100 cars in India, while other supercars like Audi and Ferrari will sell fewer units.
"not many Lamborgini would have sold 100 plus cars the auses of the world would sell uh those numbers Ferraris would be not very big in numbers"
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The starting price for a Lamborghini Urus in India is approximately 4.5 crore rupees.
"in India it would cost you 4 and half cres starting price"
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Ferrari has very limited allocations (around 4-5 units) for its Purosangue SUV in India.
"Ferrari has just launched a p Swang which is the SUV in India they only have allocations for hardly five of them or four of them"
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An entry-level Ferrari in India costs between 3 to 3.5 crore rupees.
"buy an entry level Ferrari cost three cres three and a half CR"
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A Lamborghini Urus's ex-showroom price increased by 1 crore rupees in one year, reaching 4.25-4.30 crore rupees.
"in one year this x showroom price has increased by a CR the same car would cost you 4.25 4.2 cror x showroom"
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Super luxury cars, unlike typical cars, can actually appreciate in value over time.
"so most people think of car as a depreciating asset only until but when you go to super luxury segment actually appreciate"
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Business owners can claim depreciation (20-25% annually) on luxury cars as an expense, reducing their tax liability.
"you buy a car for 5 crores you w can you tell what is that depreciation roughly 20% 25% so basically when the car drops in value every year 20% 20% so you can take that money off from your that show that can be shown as an expense which you don't have to pay tax for"
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A 5 crore rupee luxury car, if chosen wisely, could be worth close to 7 crore rupees in three years.
"that 5 CR car would become mostly 7 crores in 3 years time"
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The first service for a Lamborghini Urus costs approximately 1.75 lakh rupees.
"your first service and a Urus would cost you 1 lak 75,000"
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High-performance luxury cars typically offer very low mileage, around 2-3 kilometers per liter.
"they don't give you mileage more than 2 3 kilm to a liter"
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The Bugatti La Voiture Noire costs approximately $19 million, equivalent to 150 crore rupees.
"that car cost about $19 million which means it cost 150 crores"
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The Lucid Air is identified as the fastest electric vehicle (EV).
"in Eevee Lucid air is the fastest Eevee"
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The Lucid Air can accelerate from 0 to 100 km/h in approximately 1.8 seconds.
"Lucid air can do 0 to 100 in roughly around 1.8 seconds"
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The top speed of a Bugatti is stated to be around 400 km/h, but it's suggested this can only be achieved in controlled environments.
"oh that top speed 4 km per hour top yeah that would be around that much so but you can only probably drive it in the auto bar"
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Driving over 300 km/h is described as a terrifying experience with a significantly elevated heart rate due to the extreme speed.
"after 300 you get very scared you get very scared like what happens after 300 km per hour what happens in the car inside your heartbeats are I mean you know imagine your body is moving so fast"
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Cars priced around 25 lakh rupees now offer comparable technology and comfort to cars in the 40 lakh rupee segment.
"in today's time there are many cars which are at 25 lakh rupes Mark which have all that Tech and comfort Etc which are 40 lakh car"
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While EVs are currently more expensive due to battery costs, the price difference between EVs and ICE vehicles diminishes in the higher luxury segments.
"ee is today are price a little higher because the cost of batteries are but but I think that as you go up the ladder the price difference is not so much"
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The Audi RSQ8 and Lamborghini Urus share the same MLB platform, indicating similar underlying architecture.
"the Audi rsq8 okay and the Lamborghini eurus they all are made on the same platform which is the you know MLB platform"
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The Lamborghini Urus costs significantly more (4.5 crore) than the Audi RSQ8 (2.5 crore) primarily due to brand value, despite sharing the same platform.
"but the rsq8 would cost you 2 and half and the Urus would cost you 4 and half just because of the brand"
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Many luxury cars have a waiting period of approximately two years.
"in most of these luxury cars there's a waiting period of two years anyways"
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The speaker acquired the rights for BBC's Top Gear in India three years prior, during the COVID-19 pandemic.
"back in my I always had a poster of luxury cars and most of them they were with the top guest sticker you know and when I got this forun 3 years back it was Co time when we actually acquired the rights for BBC to upgr in India"
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