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Luxury Cart opens first pre-owned luxury car showroom in Gurugram.

Luxury Cart, a new entrant in the pre-owned luxury car market, launched its first showroom in Gurugram on Wednesday. The company, which specializes in pre-owned vehicles, aims to sell 25 cars per month starting from its inaugural month, with an expected revenue of around Rs 10 crore, according to founder and CEO Himanshu Arya.

The Gurugram showroom features about 40 luxury vehicles, including models from Mercedes-Benz, Audi, Jaguar, BMW, Volvo, Land Rover, Porsche, Mini Cooper, and Lexus, all aged between 2 to 5 years. To enhance its offerings, Luxury Cart provides flexible financing options, warranties, insurance renewals, a guaranteed buyback program, and a money-back assurance.

Arya revealed that the company plans to open a second showroom and workshop in Gurugram by February 2025. This expansion is expected to double monthly sales to 50 units, significantly increasing revenue.

Looking ahead, Luxury Cart aims to focus on Tier-1 cities for future growth. Over the next five years, the company plans to establish showrooms in key cities like Bengaluru, Mumbai, Hyderabad, Ahmedabad, and Chennai.

Aiming to strengthen its customer relationships throughout the life of the vehicle, Luxury Cart is dedicated to offering timely servicing. Arya explained, "We assist our customers with service packages, loans, and insurance, ensuring that once someone becomes our customer, they don't need to go anywhere else."

To guarantee transparency and high quality, each vehicle undergoes over 350 quality checks, including comprehensive legal background screenings.

Luxury Cart ensures its cars are accident-free with verified service histories, offering a 15-day or 200-kilometre money-back guarantee, along with a six-month warranty on the engine and gearbox and coverage for consumables up to the first 1,000 kilometres.

According to a report by car&bike and Das WeltAuto, India’s pre-owned car market is projected to reach 1.09 crore units by FY28, with its value expected to soar to USD 73 billion. Key drivers of this growth include rising disposable incomes, shorter ownership cycles, and a more organized industry. In FY23, sales in India’s pre-owned car market were approximately 51 lakh units.

News Reference