Nayagarh,(Baghuabarta): A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to German automaker Audi. Luxury car volumes account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade. “We haven’t been able to utilise our capacities here to the fullest primarily because the luxury segment hasn’t grown in the country.”
High Taxes Hampering Growth Of Luxury Car Segment In India: Audi
