Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Frequent and sudden policy changes coupled with high taxation had stymied the growth of the luxury car market in India, said a top executive at Audi India. Cars priced above Rs 25 lakh account for a per cent in India’s 3 million car market. That has remained unchanged over the last five years.

The absence of a consistent long-term roadmap has been hurting the overall plans including introduction of new models, Audi India head Balbir Singh Dhillon told Business Standard. He was referring to the recent government regulation that makes it mandatory for imported models to get BIS (Bureau of Indian