Luxury cars have missed out on India’s 2025 passenger car boom, with sales growth slowing to the weakest pace since the pandemic, amid geopolitical uncertainties, volatile stock markets and cost pressures due to a weakening rupee.According to industry estimates, sales of luxury vehicles – priced above ₹50 lakh – will rise only 1.6% year-on-year to […]
New Delhi: A clear picture with regard to new GST rates at the earliest will help the overall car industry, including the luxury car segment, to regain momentum in the current quarterly, which usually sees improved sale due to the festive season. The powerful GST Council, chaired by Minister of Finance Nirmala Sitharaman, will meet […]