Lamborghini hopes for 50% jump in India sales
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.”