The luxury coach luggage market is exploding and is expected to be worth nearly Rs. 100 crore in 2020, with an average value of around Rs. 3 lakh.
In the same period, the country’s luxury coach and minibus industry has witnessed a boom.
With the advent of more luxury coaches, prices have dropped substantially, as many are now sold in stores and online.
However, the trend towards the more luxury coach has not only benefited the industry, but also helped India’s economy.
The luxury train, the coach bus and coach coach luggage are all available in stores now, which has allowed the industry to prosper, says Vinay Shinde, chairman of the India coach industry group.
According to the Indian Railways, a train with a maximum capacity of 30,000 passengers is priced at Rs. 1.3 lakh.
While a coach with a capacity of 25,000 can be sold for Rs 1.25 lakh, a coach of 30 people is priced as high as Rs. 4.3 crore.
Shinde says that luxury coaches are in a good position to thrive in India, as they can sell at prices above what luxury cars and mini-buses are selling at.
“With the introduction of these coaches, the industry is looking at the luxury car market as the next big market, and has started to cater to this market,” he says.
Shifan Gokhale, head of sales and marketing at Mumbai-based travel company Coach, says the industry has also benefitted from the arrival of the mini-bus in the country.
“The mini-Bus is a great alternative to the luxury train as it can be taken for a day or two, while the coach can take a day and a half,” Gokdale says.
The mini bus is also affordable and can be booked through websites, where a maximum of two people can take it.
“It’s also very convenient, as it’s available in the cities of Mumbai and Delhi,” Goksal says.