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Lamborghini hopes for 50% soar in India gross sales, Auto Information, East Auto Information – EAST AUTO NEWS

Lamborghini hopes for 50% soar in India gross sales, Auto Information, East Auto Information


Agarwal stated whereas present volumes will not be that enormous, the corporate believes numbers will proceed to see robust traction in coming years.

NEW DELHI: Italian sports activities automobile main Lamborghini expects India gross sales to be within the quick lane this 12 months. It’s taking a look at an over 50% progress on the again of increasing demand for the lately launched SUV Urus.The corporate, which retails vehicles upwards of Rs three crore, has been witnessing robust numbers after Urus hit the market final 12 months. The fillip to numbers is coming not solely from bigger metros, however even from smaller markets similar to Ludhiana, Kanpur, Bhubaneswar, Indore, Surat and Hubli, firm head Sharad Agarwal advised TOI right here.

The corporate closed final 12 months with gross sales at 45 items (26 items in 2017), and Agarwal stated demand stays strong in 2019. The corporate, a part of Germany’s Volkswagen group, retails vehicles via three dealerships at Delhi, Mumbai and Bengaluru.

Lamborghini hopes for 50% jump in India sales

Talking concerning the potential of the Indian market, Agarwal stated whereas present volumes will not be that enormous, the corporate believes numbers will proceed to see robust traction in coming years. Nevertheless, by world requirements, the corporate stays a distinct segment participant because it registered worldwide gross sales of 5,750 items final 12 months. Asia-Pacific accounted for 1,301 items.Matteo Ortenzi, CEO for the corporate’s APAC area, stated whereas India stays one of many high-potential markets for the corporate, there are specific issues on the coverage aspect. “The extent of taxation (import obligation) stays excessive. And, although we might stay with that, a serious irritant is the sudden change in taxation. We’d like consistency.”

Lamborghini hopes for 50% soar in India gross sales, Auto Information, East Auto Information – EAST AUTO NEWS
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