High taxation limiting growth of super luxury car market in India: Lamborghini chairman

| | New Delhi
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High taxation limiting growth of super luxury car market in India: Lamborghini chairman

Tuesday, 08 November 2022 | PTI | New Delhi

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 always said we are not running for a certain number. We want to keep momentum also in the future.”

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