10 models of British automaker's made-to-order India models sold in pre-launch phase
High taxation is limiting the expansion of the super luxury car market in India, which otherwise is on a growth path, according to Italian automaker Automobili Lamborghini's Chairman and CEO Stephan Winkelmann. Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, had recorded its best-ever sales in the country in 2021 at 69 units, beating its previous record in 2019 when it sold a total of 52 units. "India is a market for us which is on a growth path like most of the markets we have around the world," Winkelmann said in a virtual interaction. When asked what is limiting the growth of super luxury car sales in the country, he said, "If we come to the specific of the Indian market, it's clear that the Indian market has, like other high taxation markets, a limit in growth. This is something we have to understand, if we look at what is happening in India." However, Winkelmann said, "We're very satisfied with (our) performance as we alw
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Lamborghini, which crossed cumulative sales milestone of 300 units in India last month, is looking to double the number in the next four years on the back of robust demand a company official said
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While most of the buyers of these super-cars are industrialists and businessmen, the company has rarely sold a car to a corporate professional, such as a CEO, in India, said Lamborghini India head.
With a 20% share, Lamborghini India claims to be a market leader of the industry
The firm put up a good show in 2019 despite dwindling sales in the overall super-luxury segment; it leads the market with a 20% share
'We want to maintain the growth momentum in 2020', said Lamborghini India head Sharad Agarwal
Even though India accounts for less than 1 per cent of its global sales, Lamborghini has established a five-member team in the country