Luxury Cars Sales Trend – India
Luxury car sales in 2019 registers the biggest drop in over a decade! Sales of luxury cars in India declined by about 13% last year and was the steepest drop recorded in more than a decade. Economic slowdown, high import duty and BS6 transition all added up to owes of the luxury car sales in India. Auto Punditz had already predicted the slowdown in the luxury car sales last year (link). In 2018, luxury car market had already grown at the slowest rate in the past 10 years. Yea