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Lamborghini hopes for 50% bounce in India gross sales, Auto Information, Automobilnews – Information by Automobilnews.eu

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Lamborghini hopes for 50% bounce in India gross sales, Auto Information, Automobilnews


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

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

The corporate closed final yr with gross sales at 45 items (26 items in 2017), and Agarwal stated demand stays sturdy in 2019. The corporate, a part of Germany’s Volkswagen group, retails automobiles by means of 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 giant, the corporate believes numbers will proceed to see sturdy traction in coming years. Nonetheless, by international requirements, the corporate stays a distinct segment participant because it registered worldwide gross sales of 5,750 items final yr. 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 facet. “The extent of taxation (import responsibility) stays excessive. And, though we could reside with that, a serious irritant is the sudden change in taxation. We’d like consistency.”

Lamborghini hopes for 50% bounce in India gross sales, Auto Information, Automobilnews – Information by Automobilnews.eu
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