Lam­borgh­ini hopes for 50% jump in In­dia sales

The Times of India (Mumbai edition) - - TIMES GLOBAL - Pankaj.Do­val @times­

New Delhi: Ital­ian sports car major Lam­borgh­ini ex­pects In­dia sales to be in the fast lane this year. It is look­ing at an over 50% growth on the back of ex­pand­ing de­mand for the re­cently launched SUV Urus.

The com­pany, which re­tails cars up­wards of Rs 3 crore, has been wit­ness­ing strong num­bers af­ter Urus hit the mar­ket last year. The fil­lip to num­bers is com­ing not only from larger met­ros, but even from smaller mar­kets such as Lud­hi­ana, Kan­pur, Bhubaneswar, In­dore, Su­rat and Hubli, com­pany head Sharad Agar­wal told TOI here.

The com­pany closed last year with sales at 45 units (26 units in 2017), and Agar­wal said de­mand re­mains ro­bust in 2019. The com­pany, part of Ger­many’s Volk­swa­gen group, re­tails cars through three deal­er­ships at Delhi, Mum­bai and Ben­galuru.

Speak­ing about the po­ten­tial of the In­dian mar­ket, Agar­wal said while cur­rent vol­umes are not that large, the com­pany be­lieves num­bers will con­tinue to see strong trac­tion in com­ing years.How­ever, by global stan­dards, the com­pany re­mains a niche player as it reg­is­tered world­wide sales of 5,750 units last year. Asia-Pa­cific ac­counted for 1,301 units.

Mat­teo Ortenzi, CEO for the com­pany’s APAC re­gion, said while In­dia re­mains one of the high-po­ten­tial mar­kets for the com­pany, there are cer­tain con­cerns on the pol­icy side. “The level of tax­a­tion (im­port duty) re­mains high. And, even though we may live with that, a major ir­ri­tant is the sud­den change in tax­a­tion. We need con­sis­tency.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.