NEW DELHI:
Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger generations that differs from their elders who were more concerned with living thriftily and increasing their savings.
"Now the second and third generation have taken over the family business and these guys have studied abroad, come back and are able to consume without guilt. It is not only cars, but even watches and other luxury," Santosh Iyer, CEO of Mercedes-Benz India, told Reuters.
That trend has foreign luxury goods firms like Mercedes, which currently has 125 outlets in India, increasingly looking beyond the country's mega cities such as New Delhi and Mumbai.
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Denne historien er fra January 10, 2025-utgaven av Hindustan Times East UP.
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Refiners pull all levers to replace Russian shipments
RUSSIA RANKED AS INDIA'S NO. 1 OIL SUPPLIER BY VOLUME LAST YEAR, BEATING IRAQ AND SAUDI ARABIA
UGC Opens New Front in Federalism Battle
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Scientific Temper, Social Benefit the Only Holy Cows
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Shubhankar eyes a happy homecoming
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Why India badly needs a trauma care ministry
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Tata Motors Says Profits Hurt by China Economic Slowdown
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'Star culture' and BCCI's leaked, unofficial diktat
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NRAI Plans to Approach CCI Over 'Private Labelling' by Zomato, Swiggy
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Rubio Discusses Iran Issue, Gaza Hostages With Israeli Premier
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178 Troops Freed Over Deadly 2009 Mutiny
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