Indian luxury supercar market to grow 10x in sales in the coming 5-6 years according to Lamborghini India Head
Sharad Agarwal, the Head of Lamborghini India has expressed optimism about the supercar market in India. He estimates a substantial increase in sales over the next 5-6 years. Agarwal revealed that the demand for Lamborghini cars in India is currently at an all-time high. Most models experience an 18 to 20-month waiting period.
Growing Demand and Economic Factors: Agarwal attributes the surge in demand to India’s rapidly growing economy, positive sentiment, and the increasing aspiration among buyers for supercars. He emphasized that the economic boom and India’s resilience to global uncertainties position the country as a significant driving force for supercar sales.
Positive Outlook: The Lamborghini India head expressed confidence in the continued growth of the supercar market, stating that supercar sales in India could potentially be 10 times the current figure in the next 5-6 years.
Backlog and Waiting Periods: Lamborghini currently faces a substantial backlog, with waiting periods ranging from 18 to 20 months for most models in the country. The demand has outstripped the available supply. despite consistently increasing allocations for the Indian market.
Upcoming Launch: Agarwal highlighted the positive market conditions in anticipation of the launch of the Revuelto V12 plug-in hybrid supercar, scheduled for December 6.
The upbeat assessment from Lamborghini’s India head reflects the brand’s confidence in the luxury car market’s potential for significant expansion in the coming years. The increasing willingness of Indian consumers to invest in high-end supercars contributes to this optimistic outlook.