Sachin's Ferrari Modena 360 Sold To Surat Based Businessman

Published: Tuesday, July 5, 2011, 16:23 [IST]

Indian iconic cricketer Sachin Tendulkar has sold his Ferrari Modena 360 to a close friend from Surat. Raj Hans Group chairman Jayesh Desai is the lucky guy who has bought Sachin's Ferrari. Mr Desai drove the Ferrari Modena 360 from Sachin's flat in Bandra Mumbai to Surat by himself. HE has prepared a special garage where he can park his priced possession.

The Ferrari Modena 360 was presented Sachin Tendulkar by Formula 1 great Michael Schumacher in 2002. Sachin was very impressed by the car's performance and is said to have driven it only occasionally. Sachin had earlier said he liked fast cars and had little chance of driving them in India. He used to take short drives during the wee hours of the night in Mumbai once in a while. It is not yet clear why the Indian cricketer decided to sell his Ferrari.

Mr Desai has said Sachin did not want to part with his Ferrari initially. However after his continuous requests he accepted to give away his priced possession. The price would have cost Rs. 2 crore when new. It is said that Mr Desai has paid Sachin Tendulkar Rs.1.2 crores. Mr Desai has said Sachin's Ferrari is as good as new. It has been driven for about 8,000 kilometres.

Sachin's Ferrari has had its fair share of controversies. The cricketer had initially sought an exemption from import tax for the Modena 360. The Indian government had refused his request the media had made huge issue out of it. Finally Fiat, which owns Ferrari, accepted to pay the 110 per cent import tax.