Sales of diesel vehicles in the luxury vehicle segment have more than halved in the last five years even as the rich and well-heeled have taken the lead in adoption of electric vehicles in the country.
The share of diesel in total sales of luxury vehicles in the local market declined to 35% last year from about 80% in 2018, and electric vehicles now account for 6% of overall volumes in the segment – thrice the share of EVs in the mass market, as per industry estimates.
