Radhika Gupta on why she chooses not to own luxury cars despite affording them

Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, recently opened up about her decision to avoid purchasing luxury cars, despite being able to afford them. Speaking on a podcast, Gupta shared that while she appreciates high-end vehicles, she is deterred by their depreciation, choosing instead to drive a more practical Innova.

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"I can't bring myself to buy a luxury car. I can afford it, but I just can't," Gupta explained, adding that a car is a depreciating asset. "The moment I take it out, 30 per cent of its value is gone." As one of India’s youngest CEOs, Gupta reflected on her middle-class upbringing and how she once felt insecure about not owning designer items. Today, she feels no pressure to prove her worth through luxury purchases.

Gupta recalled feeling judged for her lack of expensive possessions early in her career but now confidently asserts, “My life, my choice.”

Earlier, she shared on social media platform X (formerly Twitter) her concerns about young people funding luxurious lifestyles through risky investments. Gupta warned against over-reliance on trading gains, particularly among women in their 20s, who use such profits to finance high-end handbags and other luxury items.

Her message emphasizes financial prudence over fleeting status symbols.