Lamborghini Plans to Deploy Hybrid Technology Models in India by 2024-End

Lamborghini to deploy hybrid tech across model range in India by 2024-end

Italian carmaker Automobili Lamborghini plans to use hybrid technology in its models produced in India by the end of 2024 as the Italian supercar maker aims to halve its vehicles' emissions in the coming years, a company executive said.

While any tax cut is welcome, one key player is also confident that the country's tax policy will remain stable.

The company currently sells three models – the Urus premium SUV and two supercars – the Huracan Tecnica and the Aventador – priced at Rs 3 billion in the country.

"The roadmap for us is to hybridize our entire product range by the end of 2024. So from this year we will have a new V12 hybrid, then in 2024 we will have a Urus hybrid and the new V10 will also be a hybrid,” Lamborghini India President Sharad Agarwal told PTI.

In 2028, the company plans to bring in a fourth model globally which is going to be the fully electric model, he added.

"The idea is to reduce 50 percent of the emissions from our cars by 2025," Agarwal said.

The company will bring in the upgraded models globally and then introduce them in the Indian market as well.

Lamborghini began its India operations in 2007. Last year, it sold 92 units in India, a growth of 33 percent over 69 units in 2021.

Asked whether the high tax rate on imported cars is hampering the growth of the luxury car segment in India, Agarwal said, “Today, the market is adapting to the existing tax structure…who wouldn't want to reduce duties? ..but "it's not a priority from our side..." And he said, "For the last 5-6 years, we have seen stable provision from the government and we always ask that this order should be maintained. As the division gets aligned with the system, let the division grow.” He noted that the government should pursue a consistent policy.

“We are not asking for that (tax) cut, but if they cut it, who will say no,” Agarwal said.

Lamborghini imports its entire product range to India.

They are currently imported as CBUs (Completely Assembled Units) with a CIF value of over $40,000 or a displacement of over 3000cc. cm for cars with gasoline engines and 2500 cubic centimeters. cm diesel vehicles are subject to a 100 percent duty.