Economy Exclusive: How Montblanc is surviving in India’s slow, tough luxury market Updated : May 29, 2018 03:31 PM IST The luxury market is growing at a rapid rate, and according to ASSOCHAM, is expected to expand five-fold in the next three years. There is excellent opportunity for Montblanc beyond the Tier-1 cities, said CEO Baretzki. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.