According to a senior company executive, Automobili Lamborghini will deploy hybrid technology in India in its models by 2024. The super-sports car maker from Italy plans to reduce its emissions by half in the next five years. This niche player expressed confidence in the country’s tax policy, though tax cuts will be welcomed.
The company currently offers three models: the premium SUV Urus, and two super-sporty cars Huracan Tecnica & Aventador. Prices start at Rs 3 crore.
“The plan for us is to hybridise all of our models by 2024. According to Sharad Agarwal, Lamborghini India’s Head, this year will see the first hybrid, the V12, and then the Urus hybrid in 2024. Then, there will be the V10 hybrid which will also be hybrid.”
He said that the company will introduce a fourth model in 2028. It will be fully electric. The goal is to reduce emissions by 50% by 2025. The company will import the new models worldwide and then bring them to India.
Lamborghini started India operations in 2007 It sold 92 units last year in India, an increase of 33% over the 69 units it had in 2021.
Agarwal was asked if India’s high taxation on imported cars is hindering the growth of the luxury car market. He said that the market is currently aligned with the current tax structure, but that is not our priority.”.He added that “Over the last 5-6 years we have seen that the government has a consistent tax regime and we would always ask for this consistency.” Let the segment grow once it is aligned to the structure.
He said that the government should keep the policy consistent. Agarwal stated, “We aren’t asking for tax reductions. But, if it does come down, who will say no?”
India is the destination for Lamborghini’s entire model range.