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Language , Updated: Aug 2, 2022, 10:26 PM
New Delhi, Aug 2 (PTI) High tax rates are restricting the growth of sales of super luxury cars in India, said Stephen Winkleman, chairman of high-end automobili Lamborghini. He said that the market for the super luxury vehicle industry will remain small but the growth rate will be high. Meanwhile, Lamborghini reported that its global sales grew 4.9 percent to 5,090 units in the first half of 2022. The company expects another record sales in India this year. Winkleman said in an online conversation, “We always
He said that the market for the super luxury vehicle industry will remain small but the growth rate will be high.
Meanwhile, Lamborghini reported that its global sales grew 4.9 percent to 5,090 units in the first half of 2022. The company expects another record sales in India this year.
Winkleman said in an online conversation, “We are always raising the issue of higher tax rates. This is limiting the sale of our cars. So the size of the Indian market will remain small in the near future but the growth rate in percentage terms will be high.
According to industry estimates, the super luxury car segment in India sold over 300 units of cars worth over Rs 2.5 crore last year.
Lamborghini, which sells a range of super luxury cars in the domestic market with prices starting at Rs 3.16 crore, has registered its best ever sales in the country in 2021 with 69 units.
Source: navbharattimes.indiatimes.com
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