Report – Pagani, Lotus and Spyker firm up plans to enter India
Posted on: Oct 29, 2013 - 4:37pm IST
Millionaires in India may want to read this before signing a cheque for their next exotic.
We hear today that plans are in place for Spyker, Lotus and Pagani to enter the Indian market.
Following Bugatti and Koenigsegg’s entry into India through distributors, Financial Express reports that Spyker is ready to announce the name of the retailer that will represent the brand in India. Spyker will begin operations before the year end in Delhi with the C8 Aileron powered by a 400 hp Audi-sourced 4.2 litre V8 engine. This would be followed by the B6 Venator next year. The Venator made its global debut at the Geneva Motor Show this year.
The reason for Spyker’s delayed entry is due to the company’s choosy ways in identifying a local partner. The brand says it has high expectations from India.
Meanwhile Lotus says that they are presently evaluating the market potential in India. The company did not discuss the model plans. Currently Lotus have the Elise, Evora and Exora models. Lotus had announced this year that they would develop more everyday or mainstream cars like a crossover in the future, and by the time the regular models are ready, Lotus would have established some sort of a local presence.
Pagani thinks that its latest creation, the Huayra, is the right model to announce an Indian foray. Though the official who spoke to the newspaper did not confirm the launch, he said he will have details shortly.
Many of these companies come with ambitions to sell 5-10 cars a year as prices range anywhere from 5-20 crore rupees for one vehicle. The company would have had a good year if sales were in two digits!