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Lamborghini CEO bullish on India

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India's supercar hurdles

Lamborghini's CEO, Stephan Winkelmann, said high taxes and poor infrastructure limit super luxury car growth in India but remains optimistic about sales. India is one of the brand's fastest-growing markets.

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Infra challenge for Lambo

Winkelmann has identified infrastructure as the biggest challenge for the company in India, where sales are low, but Indian customers are buying Lamborghinis globally.

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Figures

Lamborghini sells three models in India priced from Rs. 3-9 crore. It sold 92 cars in 2022 and targets a three-digit sales figure this year. India's contribution to global sales in 2022 was only 1%.

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Taxes in India

India imposes a base 28% GST rate and an additional 1-22% cess on automobiles. Fully imported cars are subject to customs duty of 60-100%.

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Lamborghini unscathed

Winkelmann, suggests that the company has not been impacted by global inflation and recessionary trends, with solid markets in China and around the world. Lamborghini is however working on ways to strengthen its supply chain.