Lamborghini eyes double digit growth in 2020

Mumbai: Sustained demand for Urus SUV and several new cars lined up for 2020, has spurred Italian super sports car maker Automobili Lamborghini to target double digit growth in a falling super luxury car market for those priced above Rs 2.5 crore.Lamborghini retailed one vehicle every week in India and crossed 50 units annual sales mark for the first time in 2019. The firm registered a growth of over 15% in a market that declined over 18%.Matteo Ortenzi, CEO of Asia Pacific region at Automobili Lamborghini told ET, the growth in India matched the growth for the brand around the world. With the new Urus and other new additions during the year, Ortenzi expects the momentum to sustain. “We expect the market to take off in the years to come and our strategic vision is to see India breaking into top five markets in APAC region and top 10 markets globally in the years to come," added Ortenzi.

from Economic Times https://ift.tt/31aasua