Copyright © 2011 All rights reserved Registered in England and Wales No. 6874586
E-
The world's first mid-
Maranello, 23rd August 2011 – The new 458 Spider joins the 458 Italia, widening the
range of Ferrari’s mid-
FERRARI LAUNCHES FIRST DEALERSHIP IN INDIA
Ferrari HAS launched its first dealership in India -
The full range of models from the Italian manufacturer will be available, with the cheapest model, the California, priced at 22 million rupees (485,000 US dollars) after punitive import tariffs of more than 100 percent are applied.
At the launch of the dealership in central New Delhi, group chief executive Amedeo Felisa told reporters, “We decided that after 2010 India was ready for Ferrari. New models are coming this year on the market, so why not use this moment to enter a new market?” he said. “India is the 58th country where Ferrari is present in the world.”
There are already around 50 privately imported Ferraris on India’s potholed and congested roads, including one belonging to Indian cricket superstar Sachin Tendulkar who reportedly drives at night to avoid the traffic.
Ferrari sold around 300 cars from 12 dealerships in China in 2010, about five percent
of the total 6,500 cars produced annually by the Maranello-
According to the 2010 World Wealth Report by Merrill Lynch Capgemini, the number of Indians with financial assets of over $1 million, excluding main residences, now stands at 127,000.
A recent survey of 160 financial advisors by the private banking arm of Citibank,
found that Indians are also the most likely members of the global super-
In April, Aston Martin joined the list of luxury marques driving into India, where
Ferrari’s long-
Source: AFPrelaxnews
