Lamborghini says a consistent tax policy is required for the company to make long-term business plans for Indian market.
It believes that a frequent changes in tax policy can create disturbance which in turn distract the market.
According to Italian luxury sports cars and SUVs maker Lamborghini Asia Pacific CEO Matteo Ortenzi, a consistent tax policy is required for the company to make long-term business plans in Indian Market.
Frequent changes in tax policy can create disturbance which in turn distract the market, Ortenzi said.
Lamborghini produces sports cars and V12 engines for offshore powerboat racing. The company currently produces the V12-powered Aventador and the V10-powered Huracán along with the Urus SUV powered by a twin-turbo V8 engine.
In the late 2000s, during the Worldwide financial crisis and the subsequent economic crisis, Lamborghini’s sales witnessed a massive drop of nearly 50 percent.
By sales, the most central markets in 2004 for Lamborghini’s sports cars were the United States (41%), Germany (13%), Great Britain (9%) and Japan (8%).
Prior to the launch of the Gallardo in 2003, Lamborghini produced approximately 400 vehicles per year; in 2011 Lamborghini produced 1,711 vehicles.
