Consumers getting high on high-end cars, electronics

Market intelligence data, too, reflects brisk demand for high-end cars, smartphones, TVs, laptops and refrigerators in stark contrast to the slowdown in the mass-to-mid segment. While sales of luxury cars grew 55% in the first six months of the year, that of super luxury cars (priced above ₹2 crore) are expected to breach the pre-pandemic peak of 2018 in 2022 according to industry executives.

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