Italian super - luxury sports car manufacturer Lamborghini has spread its wings in India. And it, has just opened a dealership in bengaluru, the IT (information technology). capital of the country,
It has already a dealership in Mumbai, the financial capital, and Delhi, the political capital. At a price tag of over Rs. 1 Crore. Who will buy a Lamborghini car? Rather, what gives the Italian car maker the confidence to not only drive into India but also expand its presence? The choice of its location for dealership gives a clue or two to its game plan, and also an insight into its prospective customer profile. While dealership in Mumbai and Delhi are understandable considering the wealth and power that reside in these two metros, the choice of Bengaluru to locate it new dealership indicates that the Italian company is betting big on the neo rich who have sprouted in big numbers in the wake of an unprecedented growth experienced by this city. If super - luxury brand like Lamborghini is sensing an unfolding big opportunity in a New India, other traditional global luxury car makers have turned very ambitious with new launches. Despite high import duty barriers, global luxury car markers continue to believe that roll out new models and ramp up dealership in a bid to sustain the appetite of India's super rich for expensive cars is only likely to grow. After the launch of BMW M5, priced at Rs. 1.35 crore its german rival Mercedes - Benz launched next - generation C- Class, priced at Rs. 40.9 lakh in New Delhi. The C- Class is one of the most successful products of Merc in India. It has so far sold over 20,000 units C- class in India. Till date, Lamborghini had sold around 94 sports cars in the country. It said the high import duty would impact the company's sales in India, and 2014 might see a lower volume. In 2013, it sold around 22 super - luxury sports cars in India. "The import duty in India is higher than many other counties. We want to sell more cars in the country but the import duty in India is high as much as 167 percent. This huge import tax will impact the sales of the super cars in the country," said Automobili Lamborghini President and CEO Stephan Winkelman. Apart from the high import duty, the late launch of its new model Huracan into India market was another reason for lower sales this year. The company expects to improve the sales next year. Lamborghini is also considering the possibility of launching its SUV in India by 2018. In April 2012 the company showcased its concept SUV at the Beijing Auto Show.
It has already a dealership in Mumbai, the financial capital, and Delhi, the political capital. At a price tag of over Rs. 1 Crore. Who will buy a Lamborghini car? Rather, what gives the Italian car maker the confidence to not only drive into India but also expand its presence? The choice of its location for dealership gives a clue or two to its game plan, and also an insight into its prospective customer profile. While dealership in Mumbai and Delhi are understandable considering the wealth and power that reside in these two metros, the choice of Bengaluru to locate it new dealership indicates that the Italian company is betting big on the neo rich who have sprouted in big numbers in the wake of an unprecedented growth experienced by this city. If super - luxury brand like Lamborghini is sensing an unfolding big opportunity in a New India, other traditional global luxury car makers have turned very ambitious with new launches. Despite high import duty barriers, global luxury car markers continue to believe that roll out new models and ramp up dealership in a bid to sustain the appetite of India's super rich for expensive cars is only likely to grow. After the launch of BMW M5, priced at Rs. 1.35 crore its german rival Mercedes - Benz launched next - generation C- Class, priced at Rs. 40.9 lakh in New Delhi. The C- Class is one of the most successful products of Merc in India. It has so far sold over 20,000 units C- class in India. Till date, Lamborghini had sold around 94 sports cars in the country. It said the high import duty would impact the company's sales in India, and 2014 might see a lower volume. In 2013, it sold around 22 super - luxury sports cars in India. "The import duty in India is higher than many other counties. We want to sell more cars in the country but the import duty in India is high as much as 167 percent. This huge import tax will impact the sales of the super cars in the country," said Automobili Lamborghini President and CEO Stephan Winkelman. Apart from the high import duty, the late launch of its new model Huracan into India market was another reason for lower sales this year. The company expects to improve the sales next year. Lamborghini is also considering the possibility of launching its SUV in India by 2018. In April 2012 the company showcased its concept SUV at the Beijing Auto Show.
1. Which of the following rationale explains the curtailing of Lamborghini car trade in India?
(A) The price figure ranges over one crore.
(B) Lofty import duty
(C) Delayed launch of its new model
1. Only A
2. Only B
3. Only C and A
4. Only B and C
5. Only A and B
2. What kind of strategy is mentioned in the passage about the car selling geographical factor?
1. Launching a new model every six months will give lots of choices to buyers.
2. Competitive environment leads to better designing of Lamborghini cars.
3. Seeking out well - heeled people who have enormously emerged in Bengaluru.
4. Mumbai and Delhi are having many rich people, so it was easy for the company to launch their car first here.
5. None of these
3. Which of the following statements is true according to the given passage?
1. Lamborghini in the only company to flourish better in India when it comes to car sales.
2. The new model Huracan's predecessor is Mercedes' C- class
3. Lamborghini proliferates augmentation in India.
4. Mercedes- Benz is an adherent of Lamborghini.
5. None of these
4. According to the passage what makes the company think that their sales will grow in the country?
(A) The ability of afford high import duties by Indians who are living in rich metropolitan areas.
(B) The inclination of moneyed people towards sports car will potentially grow.
(C) The luxury car is a stipulated requirement or thriving people as it has been seen in Delhi, Mumbai and Bengaluru.
1. Only A
2. Only B
3. Only C and A
4. Only B and C
5. Only A and B
5. What can be concluded from the passage about the buyers and sellers of Lamborghini cars?
(A) People in India have a good preference and knowledge about the Lamborghini car.
(B) Buyers are afar of sellers in India, therefore new metropolitan city was opted to launch a new dealership.
(C) Regarding car sales competitive environment is ubiquitous in India.
1. Only A
2. Only B
3. Only C
4. Only B and C
5. Only A and B
Answer :
1. Only B and C2. Seeking out well - heeled people who have enormously emerged in Bengaluru.
3. Lamborghini proliferates augmentation in India.
4. Only B
5. Only C
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