Ferrari to launch in booming India: report

[CaptainJackSparrow]

Ferrari to launch in booming India: report​

NEW DELHI — Italian sports car maker Ferrari is to launch in India within six months, the Times of India reported on Sunday, as global luxury brands increasingly focus on the country as an essential market.

Porsche, Lamborghini and Bugatti are already present in India, where the rapidly-developing economy has created enormous wealth among the urban elite.

India's number of millionaires grew by 51 percent to 126,700 in 2009, according to US investment bank Merrill Lynch and consultants Capgemini.

"Ferrari will enter the Indian market in the first half of 2011. India will be the 58th market in the world where Ferrari will be present," Valeria Costa, communications director for Ferrari, told the Times.

Ferrari is owned by the Fiat group, but Costa said the cars would not be sold by Fiat's Indian partner, Tata Motors, and would be imported directly instead.

Import duties on the cars are expected to be as high as 110 per cent.

Among those who already own a Ferrari in India is superstar cricketer Sachin Tendulkar, who drives a 360 Modena model given to him in 2003. He was reported to have been exempted from paying import duty.

India continues to suffer from heavily congested and badly potholed roads despite its recent economic development.

At least 105,000 people die in road accidents in the country each year, according to the latest World Health Organization figures.

AFP: Ferrari to launch in booming India: report

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Pehle TV pe dekhte the, ab sadak pe dekhenge.

 

[CaptainJackSparrow]

After Harley Davidson, which recently entered India, I'm most eagerly awaiting Starbucks and Hooters.

 

[Jade]

India continues to suffer from heavily congested and badly potholed roads despite its recent economic development.

We should strive to correct this

 

[SubMachine]

I'm not sure how this rich people drive a ferrari and lamborghini on the traffic jam

 

[MAFIAN GOD]

Great news.
We should really focus on road conditions and traffic problems.

 

[hillman32]

Thats a wonderful News.

It is predicted that India's progress will halt in 2012.

In 2012-13, I intend buying a racing car and Ferrari is the best brand.

It will be less expansive once I will import it from the surplus lying in India instead of EU.

 

[Coltsfan]

After Harley Davidson, which recently entered India, I'm most eagerly awaiting Starbucks and Hooters.

Are you serious? Hooters planning franchise's in India?

I seriously doubt its gonna be the real Hooters in India, BJP/RSS/VHP cadres won't let it operate if the waitresses would be wearing standard issue Hooters uniform.

 

[CaptainJackSparrow]

It is predicted that India's progress will halt in 2012.

It is predicted that the world will end in 2012 and hence India's progress will halt in 2012.

 

[Capt.Popeye]

After Harley Davidson, which recently entered India, I'm most eagerly awaiting Starbucks and Hooters.

Starbucks, OK. However if Hooters makes it to India, chances are that the hostesses will get hijacked to Kodambakkam (Kollywood).
Then end of Hooters!

 

[Capt.Popeye]

It is predicted that the world will end in 2012 and hence India's progress will halt in 2012.

Which "Dumba$$" predicted that?
So i will collect on my insurance policies in 2012.

 

[hillman32]

It is predicted that the world will end in 2012 and hence India's progress will halt in 2012.

No Sir, World may or may not End in 2012 but India is likely to have tough time.

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Why China may attack India by 2012
Bharat Verma, editor of Indian Defence review says that China may attack India before 2012.
There are multiple reasons for a desperate Beijing to teach India the final lesson, thereby ensuring Chinese supremacy in Asia in this century. ...............................................................................................................................................................

Why China may attack India by 2012 The Candid Eye

 

[hillman32]

Which "Dumba$$" predicted that?
So i will collect on my insurance policies in 2012.

If there is really an END.

you really do need to collect anything as paper money is not likely to be accepted on or after the Day of Judgement.

 

[Capt.Popeye]

No Sir, World may or may not End in 2012 but India is likely to have tough time.

----------------------------------------------------------------
Why China may attack India by 2012
Bharat Verma, editor of Indian Defence review says that China may attack India before 2012.
There are multiple reasons for a desperate Beijing to teach India the final lesson, thereby ensuring Chinese supremacy in Asia in this century. ...............................................................................................................................................................

Why China may attack India by 2012 The Candid Eye

Who is this Verma dude?
If "Lal-Topi wala" says it, i'll think of holding my breath....
for a second.

 

[Capt.Popeye]

If there is really an END.

you really do need to collect anything as paper money is not likely to be accepted on or after the Day of Judgement.

Yara, my policy has a date of maturity, there ain't no date of judgement.

 

[KS]

Starbucks, OK. However if Hooters makes it to India, chances are that the hostesses will get hijacked to Kodambakkam (Kollywood).
Then end of Hooters!

where are you from ?