Famous Italian sports car maker Ferrari will made entry in next six month to the Indian market. “Ferrari will enter the Indian market in the first half of 2011. India will be the 58th market in the world where Ferrari will be present,” company statement said. Ferrari’s California, 458 Italia, 599 and 612 will be directly import with duties of around 110%.
Ferrari is believed to be looking at top metros like Delhi and Mumbai for its debut, though Costa did not confirm this. Industry sources said senior officials from Ferrari have visited India many times and have also had meetings with various importers of luxury brands.
Ferrari’s all model line-up will come with a hefty price tag that would run upwards of Rs 1.5 crore. Ashish Chordia, Director of Porsche India, said the entry of Ferrari will help expand the market for ultra luxury cars further.
“The market has matured and is growing rapidly. New cars will help stimulate demand further. The economy is on a roll and people are open to engage in luxury buys.” Porsche expects sales to go up more than two times this year. Against 94 units sold in 2009, it has already sold 269 units till October this year.
