The extreme super sports car segment which is defined as those cars with two-doors, two-seater and priced over 1,10,000 euros and have a torque of 400 ps or more, in the country is around 70 units a year, as per Lamborghini that claims to be the leader in this space with over 40 per cent of the market pie. “With the kind of response we have received for the new Aventador S LP 740-4 Coupe even before the launch, I am already sold out for the first year for this four-wheel steering car. I am very confident of more than doubling our market share to 20-25 per cent from the 10 per cent we have here today,” Lamborghini India head Sharad Agarwal said.
The four-wheel steering car technology allows all the four wheels to be controlled by the steering. He said the volume driver for Lamborghini is Huracan, with 90 pc of volume. Agarwal said after contracting for four years, the market grew first time in 2016 to 70 units. The peak was in 2011 when the volume touched 95 units. It had gone down to 40 units in 2014 which rose to 70 last year.
Over the next two-three years, this segment should be in three-digit volume, and based his optimism on the GST implementation which though will not have any tax benefits, ease the taxation process, and thus, will give a boost to growth. He said the effective tax rate is 179 per cent on any of the models that Lamborghini or sister brands Porsche or Audi R8 here.