Gurugram, April 8 -- The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound.

While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the luxury car segment has told a starkly different story -- growing by a mere 3 per cent, a sharp contrast to the post-COVID boom that had seen the segment's share in overall car sales nearly double from 0.7 per cent to 1.5 per cent.

"Overall, yes, there is a growth of 17 per cent in the ...