According to Automobile Lamborghini super sports luxury car market in India is expected to grow in double digits this year on the back of improved sentiments after remaining flat in 2017 and the Italian super sports luxury car maker, which sells Huracan and Aventador models in India, said last year was a challenging year for the industry due to lingering after effects of demonetization coupled with impact of GST (Goods and Services Tax) implementation.
Automobile Lamborghini India Head Sharad Agarwal told "There was postponement of purchases in 2017 due to continued impact of demonetization and GST implementation. However, since the last quarter we have seen demand coming back and it should continue”.
He further said, "With the outlook of overall economic
growth positive and stabilization in the market after those two transformations
(demonetization and GST), we expect growth to return to the segment".
Moreover apart from Lamborghini, the other players include Ferrari,
Aston Martin, Audi R8 and Mercedes AMG GT-R, among others.
Indian cities are more congested than other Asian countries New Delhi sources stated that according to the Boston Consulting Group (BCG) survey, up to 89% of people plan to buy a new car in the next five years. As per report over 79% would refrain from buying a car if ride sharing matches car ownership for affordability and convenience.
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