New Delhi: The company is hoping that there is no change in the tax structure in the upcoming Budget to let the segment come back to normal growth trajectory and it believes that any increase would ”hit the segment very negatively”. ”What we are seeing in our business is that in the last few months we are gradually coming back to pre-COVID-19 times in terms of new order intake and throughputs in the workshop…We anticipate the super luxury car segment will start bouncing back,” Lamborghini India head Sharad Agarwal told media.
He further said, ”My anticipation is that in 2021 the segment should at least be around the 2019 level, which was about 265-270 cars. That should be the size of the market again in 2021.” The super luxury car segment comprises niche cars which are priced above Rs 2 crore. Commenting specifically on Lamborghini’s ambitions in India for 2021, Agarwal said, ”We are setting an ambitious goal for us because we want to come back to growth momentum, given our range, that we do more than we did in 2019, when we did 52 cars. In 2021 we want to be ahead of this. We want to come back to the growth history that we had in the past in India.” The company’s super luxury SUV Urus, which contributes over 50 per cent of sales, will continue to play a key role in driving growth in India, he added. ”The demand for Urus is remaining very strong. Today, the waiting time for Urus has gone back to 8-9 months, which is a very positive sign. There are some new model variants, which we launched in Urus (in 2020) and all of them are getting very positive response from the market making the model waiting time to increase further,” Agarwal said, adding the model is also helping the company tap customers to buy its super sports cars.
