The company currently sells three models of premium SUVs urus and two supercars Huracan Tecnica and Aventador in the country, with prices starting at Rs 3 crore.
“The roadmap for us is that we will hybridize our entire model range by the end of 2024. So this year we will have a first hybrid, the new V12, then in 2024 the Urus hybrid and also a new V10 which will also be a hybrid.” Lamborghini India Head Sharad Agarwal said PTI.
In 2028, the company plans to launch a fourth model globally, which will be the all-electric model, he added.
“The idea is to reduce 50 percent of emissions from our cars by 2025,” Agarwal said.
The company will launch the upgraded models globally and then introduce them to the Indian market as well.
Lamborghini started its activities in India in 2007. Last year it sold 92 units in India, a 33 percent growth from 69 units in 2021.
Asked if the high tax rate on imported cars is hurting the growth of the luxury car segment in India, Agarwal said: “Today the market is aligned with the current tax structure that we have…who wouldn’t like to have fewer duties…but that’s not the priority from our side…”
He continued: “Over the past 5-6 years we have seen that there is a consistent government tax regime and we would always ask for that consistency to be maintained. Once the segment is aligned with the structure, let the segment grow.”
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He stated that the government should maintain policy coherence.
“We’re not asking them (taxes) to be cut, but if it comes to that, who’s going to say no,” Agarwal said.
Lamborghini imports its entire model range to India.
Currently, as CBUs (Completely Built Units) with a CIF greater than $40,000 or with displacement greater than 3,000cc for gasoline-powered vehicles and greater than 2,500cc for diesel-powered vehicles, 100 percent duty is charged.
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