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Italian automaker Automobili Lamborghini plans to deploy hybrid technology in its models in India by the end of 2024 as the Italian super sports car maker aims to halve the emissions from its cars in the coming years, according to a top company executive. The niche player also expressed confidence that the country's taxation policy remains consistent though any tax reductions will be welcome. The company currently sells three models -- premium SUV Urus and two super sports cars Huracan Tecnica and Aventador in the country, with prices starting upwards of Rs 3 crore. "The roadmap for us is that by the end of 2024 we are going to hybridise our entire model range. So this year we will have a first hybrid, the new V12, then in 2024 we will have the Urus hybrid and also a new V10 which is also going to be a hybrid," Lamborghini India Head Sharad Agarwal told PTI. In 2028, the company plans to bring in a fourth model globally which is going to be the fully electric model, he added. "The
Having established a presence across top cities in India, Italian automaker Automobili Lamborghini is now eyeing customers in smaller centres to generate additional volumes, according to a top company official. The super sports car maker is bullish on the country's economic growth, a rise of first-generation entrepreneurs and large-scale road infrastructure development to fuel future business growth. In an interaction with PTI, Lamborghini India Head Sharad Agarwal said a few years ago the demand was largely concentrated in bigger cities and metros but now it is well spread out. "We launched a programme and reached out to possible customers in 100 cities. Today we have 50 cities in India where you can find a Lamborghini owner and these Tier I and Tier II cities now contribute to more than 25 per cent of the business. So these cities are becoming very important for us," he noted. Lamborghini began its India operations in 2007. Last year it sold 92 units in India, a growth of 33 per
Lamborghini has already received orders for 100 cars in India in less than two months
Italian automaker Automobili Lamborghini is looking to cross the century mark in sales in the Indian market this year on the back of a record showing in 2022, according to the company's country head Sharad Agarwal. The company, which sells a range of super luxury cars with prices starting from Rs 3.8 crore in India, is also bringing to the country this year its first hybrid car after it makes its global debut in the first quarter of 2023. Lamborghini posted record sales in India in 2022 at 92 units, growing at 33 per cent from the previous year. Its previous best-ever sales in the country was in 2021 with 69 units. Before that, its best sales was in 2019 when it had sold a total of 52 units. "Yes, that's going to be our direction. This is the question which has been coming for some time. We look forward to how do we achieve the three digit mark and hit the century, maybe in 2023. We are hopeful that's the direction we are taking," Agarwal told PTI. He was responding to a query on .
Italian automaker Automobili Lamborghini on Friday reported record sales in India with 92 units in 2022, growing at 33 per cent from the previous year. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, had recorded its previous best-ever sales in the country in 2021 with 69 units. Before that its best sales was in 2019 when it had sold a total of 52 units. Globally, the company said 2022 saw the best sales figure ever and delivered 9,233 cars worldwide, an increase of 10 per cent over the previous year. "In all the macro-regions the sign was clearly positive, maintaining a homogeneous and consistent distribution, with Asia registering a 14 per cent, followed by America with (over) 10 per cent and EMEA with (over) 7 per cent compared to 2021. Sales in the key markets broke all records," Automobili Lamborghini said in a statement. Further, the company said, "Along with the Chinese Mainland, which is one of the markets that ...
Italian super sports car maker Lamborghini on Thursday launched Urus Performante in India with price starting at Rs 4.22 crore (ex-showroom). The launch of the model comes shortly after its global premiere happened this August. The Urus has been instrumental in opening new markets driving growth for the brand in India and we are therefore delighted to introduce it to our customers," Lamborghini India Head Sharad Agarwal said in a statement. The SUV accelerates from 0-100 km/h in just 3.3 seconds with a top speed of 306 km/h.
High taxation is limiting the expansion of the super luxury car market in India, which otherwise is on a growth path, according to Italian automaker Automobili Lamborghini's Chairman and CEO Stephan Winkelmann. Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, had recorded its best-ever sales in the country in 2021 at 69 units, beating its previous record in 2019 when it sold a total of 52 units. "India is a market for us which is on a growth path like most of the markets we have around the world," Winkelmann said in a virtual interaction. When asked what is limiting the growth of super luxury car sales in the country, he said, "If we come to the specific of the Indian market, it's clear that the Indian market has, like other high taxation markets, a limit in growth. This is something we have to understand, if we look at what is happening in India." However, Winkelmann said, "We're very satisfied with (our) performance as we alw
The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies
The Italian carmaker launched the two-seater track-focused performance car, the Huracán Tecnica, four months after its global unveiling
'What we can see in the Indian market is that we have more and more ultra-high net individuals from the second generation too entering the market,' says Stephan Winkelmann
Lamborghini is bullish on India to rank higher in its top 10 markets in the Asia Pacific region going forward, buoyed by strong consistent performance over the years
Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021
Lamborghini is looking at a record year in India in terms of sales, riding on a V-shaped recovery in demand post Covid-related disruptions and positive sentiments
The Italian super carmaker riding on hopes of a recovery
Optimism over Covid-19 vaccine and gradual opening of the economy has resulted in improved business outlook and is helping Italian super sports car maker Lamborghini generate new orders in India
While most of the buyers of these super-cars are industrialists and businessmen, the company has rarely sold a car to a corporate professional, such as a CEO, in India, said Lamborghini India head.
With a 20% share, Lamborghini India claims to be a market leader of the industry
'We want to maintain the growth momentum in 2020', said Lamborghini India head Sharad Agarwal
Agarwal said while the company is managing internal factors, external factors such as the general economic scenario in India is having an impact on sales growth
The family that used to make the legendary sports car wants to bring the same design panache to luxury flats