India’s luxury sales are expected to expand by a scorching 20 percent annually until 2015, as brand-smitten consumers snap up big names to flaunt their wealth. Luxury sales were slow to take off in India a decade ago, disappointing retailers who had rushed into what they hoped would be the next China — a vast […]

Ferrari launched its first dealership in India on Thursday, seven years after it entered China but with the same aim of satisfying demand for flashy cars from the growing class of Asia’s super-rich. The full range of sports cars from the Italian manufacturer will be on sale, with the cheapest model, the California, priced at […]

In booming India, being rich is not enough. For the moneyed classes, it’s increasingly about flaunting their wealth in ways typical of the nouveaux riches in Russia, China or the Middle East. India’s well-heeled used to be more shy about displaying their wealth in the decades after independence from Britain when a tightly-controlled economy and […]

The growing list of billionaires in India is an enticing prospect for executive jet makers seeking to recover from a slump in demand caused by the financial crisis. Prominent among exhibitors at the ongoing Aero India 2011 air show in Bangalore were manufacturers such as US-based Gulfstream and Brazil’s Embraer — both hoping to seduce […]

The world’s most expensive and fastest production car has gone on sale in India, with luxury manufacturer Bugatti making its debut in the land of rickshaws. The Bugatti Veyron 16.4 Grand Sport, which has a top speed of 407 kilometres (250 miles) an hour, went on display in a car dealership in the capital New […]

The heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming out of slumland in the city’s most congested district. The transformation reflects the breakneck pace of growth in Asia’s third largest economy, as India’s property and capital markets boom and […]