News Post

Taxes in India are high, but people buying such cars are able to digest them: Lamborghini CMO

Thehindubusinessline

· 4m
placeholder-image

Luxury sports car manufacturer Lamborghini has acknowledged that taxes and customs duties on imported cars in India are high but believes that those who can afford such vehicles are able to handle the taxation. India imposes over 100% import duty on completely built units (CBUs). Lamborghini's Chief Marketing and Sales Officer, Federico Foschini, stated that while the high taxation may sometimes hinder purchases, those who can afford such cars can digest the additional cost. Foschini also mentioned that Lamborghini customers tend to travel frequently, comparing prices across the globe.

No Comments yet

Download the medial app to read full posts, comements and news.