Lamborghini expects sale volumes to hit record highs in India this year

By Akshay Kedari  | Date: 2021-07-20

Lamborghini expects sale volumes to hit record highs in India this year

Italian luxury sports car manufacturer, Automobili Lamborghini S.p.A. is reportedly expecting substantial growth in sales volumes in India this year as the carmaker is experiencing a V-shaped upturn in demand after the easing out of COVID-19 pandemic-related restrictions in the country.

If reports are to be believed, Lamborghini is currently looking to beat its sales record of 52 cars witnessed in 2019. The carmaker has already recorded approximately 20% growth in terms of new order intake and customer delivery during the first six months of 2021, as compared to 2019 figures.

Sharad Agarwal, Head of Lamborghini India confirmed that the company is witnessing a strong V-shaped recovery, with demand volumes bouncing back to pre-second (COVID-19) wave levels. He further added that the carmaker has also been observing strong confidence, which is being triggered by the momentous vaccination drives being undertaken in India.

Agarwal revealed that the recent rebound in sales has provided the luxury carmaker with a sign that it is on the right path to record another high-performing year in terms of sales.

Notably, Lamborghini offers premium-priced super luxury sports cars ranging between USD 0.42 million and 0.84 million in India. The company expects to see positive returns soon and has always maintained a strong growth curve, except in 2020, when it was hit by demand side as well as supply-side issues.

Speaking about the possibility of a third pandemic wave, Agarwal opined that the impact on human lives might be minimal given the ongoing vaccination drives, owing to which the market outlook seems bullish. 

Meanwhile, Lamborghini has debuted its Huracan STO in India and is priced at approximately USD 0.67 million (ex-showroom). The sports car hosts a V10 naturally aspirated engine that can sprint from 0 to 100 kmph in nearly three seconds, reaching top speeds of 310 kmph.

Source Credits –

https://auto.hindustantimes.com/auto/news/lamborghini-expects-record-number-of-sales-in-india-this-year-41626598923092.html

 

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...