India's luxury car rental market is experiencing a surge in demand, particularly in Tier 1 cities such as Mumbai, Bangalore, and Delhi, with executive travellers, especially from the tech sector and younger demographics like the millennials and the Gen Z, increasingly renting high-end vehicles for special occasions and domestic travel.
Luxorides, a luxury car rental company, observed a 40 per cent year-onyear rise in bookings in 2024 (until April) on popular routes like DelhiRishikesh, Delhi-Vrindavan, and Delhi-Jim Corbett National Park, as well as Chandigarh-Manali and Chandigarh-Ladakh. This growth has also been fuelled by foreigners and NRI travellers seeking ultra luxury travel experiences.
Mumbai and Delhi are the cities that have witnessed the highest growth in demand 35 per cent and 40 per cent respectively. Other cities which have shown significant growth include Bengaluru, which has seen a 40 per cent rise in demand, Pune (10 per cent), and Udaipur (14 per cent). It was also noted that there were large surges in demand in Jamnagar recently due to the pre-wedding events hosted by the Ambani family as per Luxorides data.
Bu hikaye Business Standard dergisinin May 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Don't see any reason to scale back our domestic targets
India's current climate policies are projected to reduce CO2 emissions by almost 4 billion tonnes between 2020 and 2030. However, developed countries have adopted a much slower approach to emissions reduction, which may see a further downtrend with the US likely to cut down its target. ARUNABHA GHOSH, CEO of the Council for Energy Environment and Water, a leading global think tank based out of New Delhi, speaks to S Dinakar in a video interview on climate-related issues ahead of the annual UN climate summit COP29, which starts in Azerbaijan's capital, Baku, on November 11. Edited excerpts:
The perils of the 'push' loan phenomenon
Rural households are increasingly depending on borrowed money to meet everyday consumption needs, a practice that is not sustainable in the long run
THE DAP GAP
Is the DAP shortage real? Can it be mitigated?
Securing digital identity in a risky world
Digital identity and its protection have become increasingly crucial for people and organizations.
Tech world in a Trump presidency
His second term will be good for crypto investors and Elon Musk, but every big tech company may not benefit
India's significance for SAP's business is massive
SAP SE, the international software giant, reported a 25 per cent year-on-year revenue growth in Q3 FY24, driven by robust Cloud services expansion. SAP's executive and supervisory boards visited India recently for the first time. MUHAMMAD ALAM, head of product engineering and a member of the executive board of SAP SE, spoke with Shivani Shinde at the company's Bengaluru centre about engineering, artificial intelligence (AI) and Indian talent. Edited excerpts:
Forcible repossession by lender is illegal
Sher Singh had obtained a loan of ₹16.55 lakh from a bank for purchasing a heavy goods truck.
Go for secured card, improve score to tackle credit squeeze
Also try for collateral-based loans: Check interest rate, penalties and repayment terms
MFS STEP UP: SIPs CLIMB TICKET LADDER, ONE RUNG AT A TIME
Investor count reaches next landing, doubling in four years
Better demand trends upgrade Indian Hotels to profit suite
Management credits demand-supply gap, shifting demographics for hitting the 'suite spot'
