Summits, celeb weddings push up luxury car rentals

Luxury car rentals have seen a surge in demand during global leadership events and investor meets, such as the G20 summit or celebrity weddings. The market has nearly doubled in the last five years due to these high-profile events. Ahmedabad, Delhi, Hyderabad, and Bengaluru are the top demand generators due to their large auditoriums and convention centers. Rental prices vary depending on demand, with luxury vehicles being rented for as high as Rs 2 lakh a day. While the corporate segment is a major contributor, the individual consumer segment is yet to pick up due to concerns about Indian road conditions.

from Pune News, Latest Pune News Headlines & Live Updates - Times of India https://timesofindia.indiatimes.com/city/pune/summits-celeb-weddings-push-up-luxury-car-rentals/articleshow/103725602.cms