High taxation is limiting the growth of super luxury car sales in India and the market will remain small although the growth rate will be high, according to Automobili Lamborghini Chairman and CEO Stephan Winkelmann.
The Italian super sports carmaker, which on Tuesday reported a 4.9 per cent increase in its global deliveries at 5,090 units in the six months ended June 30, 2022, expects to have another record sales in India this year.
"What we are always underlining (is) high taxation which is limiting (sales of) our cars, and therefore in the foreseeable future the size of the Indian market will stay small but the growth rate in terms of percentage is high," Winkelmann said.