More than 60% of Lamborghini cars sold at EMI in India

AHMEDABAD: Contrary to the belief that the super rich would not think much when it comes to buying their favorite car, the Indian arm of the super sports car manufacturer. Lamborghini He has said that about 60 to 65 percent of his cars are sold to finance cars in the country.

While most of the buyers of these super-cars are industrialists and businessmen, the company has rarely sold a car to a corporate professional, such as a CEO, in India, said Lamborghini India head.

Our buyers are creators of wealth, not heirs of wealth. They understand the value of money. Although they have money, they would calculate everything before disbursing millions of rupees in a car.

He would consider investing so much money in his own business and buying the car on loan, Sharad Agarwal told reporters here.

Let me tell you that we do sell cars on EMI. More than 60 to 65 per cent our our cars are sold on finance. Majority of our buyers are industrialists or businessmen. Unlike in the US, very rarely we witness a corporate professional, like a CEO, buying a Lamborghini in India, he said.

I was talking to reporters outside the launch of '', a super sports car.

The price of the car starts at Rs 3.22 crore, ex-showroom, pan-India.

Agarwal said the super luxury segment (cars with prices above Rs 2.5 million) also experienced a slowdown last calendar year of 2019, when only 265 cars of different brands were sold in India.

In 2018, the number was 315.

While Lamborghini India sold 45 units in 2018, the number was 52 in 2019 calendar year.

While the market sentiments were negative last year, our growth was around 15 per cent last year. We are looking to maintain the growth momentum in this year too said Agarwal, adding that people from non-metro cities are also queuing up to buy Lamborghini cars these days.

About three years ago, 99 percent of our sales came from metropolitan cities, such as Mumbai, Delhi and Kolkata.

Now metropolitan cities contribute 75%, while sales of 25% come from cities of level 1 and level 2, such as Ahmedabad, Surat, Nashik, Jaipur, Indore and Kanpur. The situation has changed in three years, he said.