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1. A new Skoda/Honda car will last you 8 years without any problem. The luxury car will probably be 5-7 years old already, its problem-free lifecycle is almost over. The remaining 8 years will be full of some or the other issue - AC, power windows, gearbox, clutch, etc.
2. Each time there is an issue, it is going to cost a bomb. Even a broken side mirror will cost you 30k for an Audi, windshield wipers for 20k.
3. You'll always feel it's second hand. If paying for something in lakhs, why not feel like it's fully yours!
4. People don't give two hoots about what car you drive. They only care about themselves. Spend that extra money on something nicer and meaningful for yourself!
This job will take everything from you. Give something back to yourself too. Not everything in life needs to go by a rulebook.
Secondly, buy it if you want to drive it and enjoy the experience.
Don't waste your time worrying out the approval of people around you.
You also haven't considered other things that happen at this age. Housing, Marriage, Long-term financial goals, or maybe personal expenditure (Medical, Family etc.). Things that are much more important than some pseudo-prestige that you crave.
So yes, go for it.