NEW DELHI: Italian tremendous sports activities carmaker Lamborghini simply scored a century in India gross sales however seeks ease in taxation and higher infrastructure to promote extra.
The corporate, which retails automobiles upwards of Rs 4 crore, had its greatest yr within the nation because it offered 103 automobiles in 2023, clocking a progress of 12% over 92 automobiles it offered within the earlier yr. In opposition to retail of 52 automobiles in 2019, the corporate’s volumes have doubled over the previous 4 years, led by the launch of the Urus SUV in Sept 2018.
Nevertheless, Stephan Winkelmann – the worldwide CEO of the corporate that retailed over 10,000 automobiles worldwide final yr – says volumes in India are method beneath potential, slowed down by points round infrastructure and excessive taxation. “These are limiting the alternatives for progress in India,” he advised TOI.
Winkelmann, who plans to go to India quickly, stated the trouble might be to have a better have a look at the native automotive market and perceive the underlying potential and rules higher.
Whereas having considerations round sure facets, he remained optimistic concerning the long-term potential of India, terming it as an “rising and rising market” for tremendous luxurious automobiles.
Lamborghini, which instructions a powerful share within the class and sells sports activities automobiles such because the Huracan and Revuelto, is estimated to have a complete buyer automotive park of about 500 automobiles in India. It has been witnessing rising demand not solely from the metros and greater cities, but additionally from smaller cities such Ludhiana, Kanpur, Shillong, Guwahati, and Madurai which might be contributing round a fourth to its gross sales.
The general marketplace for automobiles priced upwards Rs 2 crore is presently pegged at round 1,000 items yearly, and has manufacturers similar to Lamborghini, Bentley, Rolls-Royce, Maybach, Ferrari, Porsche, Mercedes-Benz, Audi, and Aston Martin.
Winkelmann stated Indians will not be solely shopping for Lamborghinis inside the nation, but additionally in different nations. “It is without doubt one of the few nations whose residents are shopping for throughout completely different nations.”
The corporate, which retails automobiles upwards of Rs 4 crore, had its greatest yr within the nation because it offered 103 automobiles in 2023, clocking a progress of 12% over 92 automobiles it offered within the earlier yr. In opposition to retail of 52 automobiles in 2019, the corporate’s volumes have doubled over the previous 4 years, led by the launch of the Urus SUV in Sept 2018.
Nevertheless, Stephan Winkelmann – the worldwide CEO of the corporate that retailed over 10,000 automobiles worldwide final yr – says volumes in India are method beneath potential, slowed down by points round infrastructure and excessive taxation. “These are limiting the alternatives for progress in India,” he advised TOI.
Winkelmann, who plans to go to India quickly, stated the trouble might be to have a better have a look at the native automotive market and perceive the underlying potential and rules higher.
Whereas having considerations round sure facets, he remained optimistic concerning the long-term potential of India, terming it as an “rising and rising market” for tremendous luxurious automobiles.
Lamborghini, which instructions a powerful share within the class and sells sports activities automobiles such because the Huracan and Revuelto, is estimated to have a complete buyer automotive park of about 500 automobiles in India. It has been witnessing rising demand not solely from the metros and greater cities, but additionally from smaller cities such Ludhiana, Kanpur, Shillong, Guwahati, and Madurai which might be contributing round a fourth to its gross sales.
The general marketplace for automobiles priced upwards Rs 2 crore is presently pegged at round 1,000 items yearly, and has manufacturers similar to Lamborghini, Bentley, Rolls-Royce, Maybach, Ferrari, Porsche, Mercedes-Benz, Audi, and Aston Martin.
Winkelmann stated Indians will not be solely shopping for Lamborghinis inside the nation, but additionally in different nations. “It is without doubt one of the few nations whose residents are shopping for throughout completely different nations.”
