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

In 2018, luxury car market has grown at the slowest rate compared to last 10 years. Only, if we overlook 2016 growth rate because of one-off exceptional event, when 2000cc + diesel engine cars were banned for limited period in New Delhi. Growth rate has moderated, from being exponential during the period of 2009-2013, to more linear in last five years (2014-2018). Has propensity of conspicuous consumption come down? This cannot be true, given the past growth trend. So answer