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Video: Why India’s Luxury Car Sales Have Flatlined despite 90% Growth in Millionaires

Video: Why India’s Luxury Car Sales Have Flatlined despite 90% Growth in Millionaires

autherPrerna Lidhoo     calendar01 Dec 2025

Despite 870,000 millionaire households and soaring wealth, India's luxury car sales remain stuck at 1% due to heavy taxation, cultural savings preferences, and prioritization of property and gold over depreciating automotive assets.

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

64.05%

No

 

35.95%

Total Votes : 637