The firm, which achieved record sales of 69 automobiles in the nation in 2021, an increase of 86%, is also examining its ambitions to launch hybrid vehicles in the country as part of a worldwide electrification strategy.
Automobile Lamborghini, the Italian super sports luxury manufacturer, sees a “great possibility” for expansion in India, with a growing number of ultra-high net-worth people driving demand in the nation, according to its Chairman and CEO Stephan Winkelmann.
The firm, which achieved record sales of 69 automobiles in the nation in 2021, an increase of 86%, is also examining its ambitions to launch hybrid vehicles in the country as part of a worldwide electrification strategy.
“I believe there is a significant chance for development in India because there is a lot of money in the Indian market, and we’ll see how that develops.”
We had one of the greatest percentage growth rates last year, so there are potential for the future. What we can observe in the Indian market is an increasing number of ultra-high net-worth individuals entering the market…
“We already have a second generation of ultra-high net-worth individuals, and their average age is younger than in other nations,” Winkelmann explained in an interview.
Given last year’s performance and the Indian market’s demographics, both in terms of young rich people and wealth in general, Winkelmann stated.
“We believe that there will be an increase in demand in the Indian market in the coming years.” Lamborghini has revealed ambitions to electrify its vehicles globally, beginning with hybrid vehicles and progressing to pure electric vehicles in the second half of the decade.
When questioned about its hybrid car roll-out plans in India, he stated that there would be a roll-out strategy, but that “I cannot tell you the exact months we will be present in each and every market.
“This is not simply applicable to India, but it is a broader issue that we are still assessing.” Winkelmann commented on the Indian government’s strategy of favouring fully electric automobiles over hybrids.
“We have other markets where it’s simpler to have, say, in terms of regulation, but we have to strike the correct balance between what the government’s duty is and what our consumers want.”
In India, he continued, “We think there is a rising possibility for the future, even if we are not changing our line-up into complete electric cars right now because we don’t think this is the best moment to do it.” We don’t think our customers will welcome going all electric at this time.” According to Winkelmann.
LAMBO’S PLAN TO ELECTRIFY THEIR VEHICLES
“What we can see in the Indian market is an increase in the number of ultra-high net-worth individuals… We already have the second generation of ultra-rich people, and their average age is younger than in other nations “Winkelmann stated during a conversation.
Given last year’s performance and the demographic position of the Indian market, both in terms of young rich individuals and wealth in general, Winkelmann stated, “We believe that there will be an increasing demand in the Indian market in the next years.”
Lamborghini has revealed ambitions to electrify its vehicles globally, beginning with hybrid vehicles and progressing to pure electric vehicles in the second half of the decade.
When questioned about its hybrid car roll-out plans in India, he stated that there would be a roll-out strategy, but that “I cannot tell you the exact months we will be present in each and every market.” This is not simply applicable to India, but it is a broader issue that we are still assessing.”
“We have other markets where it’s simpler to have, let’s say, in terms of law, but we have to find a proper balance between what is the task of the government and the desire of our consumers,” Winkelmann said of the Indian government policy favouring full electric vehicles over hybrids.
He went on to say that in India, “We believe that by looking at the data, there is a rising possibility for the future, even if we are not converting our line-up to all electric vehicles right now because we do not believe it is the proper time to do so. We don’t believe our customers will welcome going all electric at this time.”
Published By :- Shubham Agarwal
Edited By :- Kritika Kashyap
