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Bullish Lamborghini Expects Supercar Sales To Continue To Grow In India
Buoyed by a stable import policy and new breed of supercar owners in the country Lamborghini expects sales of supercars to continue to grow in India.
Italian supercar icon Lamborghini expects the sales of supercars in India to continue to grow this year. Lamborghini, which recently launched the Huracan Spyder in India, expects Indian supercar sales to clock double-digit growth in 2017.
The reasons for this bullish approach to India is brought about by two factors: stable governmental policy on imports and a new breed of supercar buyers - first generation entrepreneurs; those from tier II and III cities and women customers - in the country.
Lamborghini India Head Sharad Agarwal told PTI, "I expect that in 2017, the segment should continue with the double-digit growth that it had last year. A lot of it has to do with the stability in policies because between 2011 and 2015 there were a lot of changes in the import duties and structures, which were always creating disruptions in the market. Now things are stabilised. Once things get stabilised, the market starts growing. It is more about consistency and stability."
Commenting on his own company's sales last year, Agarwal reported that the company recorded double-digit growth in India and sold one of its supercars in India to a woman buyer for the first time. Agarwal said, "We also had the first woman buyer of a Lamborghini in India in 2016 and posted that we sold more to women in this country,"
