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MUMBAI: Connoisseurs of luxury cars can now look forward to buying a Ferrari in India soon. The Italian luxury sports car is set to make its official debut in India with models like the Ferrari California, 458 Italia, 599GTB Fiorano and the latest model, FF, with prices starting from Rs 2.2 crore.
The Shreyans Group will be the official importers for Ferrari in India, and the first dealership will open in New Delhi this spring, followed by a second one in Mumbai in the latter half of the year.
The long-awaited move by Ferrari comes at a time when the Indian luxury car market is said to be growing at an annual average growth rate of 40%. The growth, which is the largest in any luxury segment, is despite the steep import duties on these vehicles. Most luxury car makers including Rolls Royce, Bentley, Bugatti, Porsche, BMW and Mercedes Benz are already available in the Indian market, which is estimated at around 15,000 units per annum.
The Shreyans Group plans to set up an independent Ferrari India office with experienced professionals to manage the upcoming dealer network. The first dealership, which will carry the Ferrari Corporate Identity, will be accompanied by the official Ferrari Service.
"We are proud to announce the partnership with Ferrari today. This brand represents for us the epitome of success and we are proud to partner with one of the world's most desired brands. We will establish a highly qualified network of Ferrari dealers across India to cater to the discerning needs of our customer,'' said Ashish Chordia, chairman, Shreyans Group.
The Shreyans Group is known for retailing and distributing some prestigious global brands like Porsche and Ducati in India. The luxury conglomerate distributes and retails luxury products including cars, yachts, super bikes, fashion articles and jewellery.
Now you can buy a Ferrari in India - The Times of India
The Shreyans Group will be the official importers for Ferrari in India, and the first dealership will open in New Delhi this spring, followed by a second one in Mumbai in the latter half of the year.
The long-awaited move by Ferrari comes at a time when the Indian luxury car market is said to be growing at an annual average growth rate of 40%. The growth, which is the largest in any luxury segment, is despite the steep import duties on these vehicles. Most luxury car makers including Rolls Royce, Bentley, Bugatti, Porsche, BMW and Mercedes Benz are already available in the Indian market, which is estimated at around 15,000 units per annum.
The Shreyans Group plans to set up an independent Ferrari India office with experienced professionals to manage the upcoming dealer network. The first dealership, which will carry the Ferrari Corporate Identity, will be accompanied by the official Ferrari Service.
"We are proud to announce the partnership with Ferrari today. This brand represents for us the epitome of success and we are proud to partner with one of the world's most desired brands. We will establish a highly qualified network of Ferrari dealers across India to cater to the discerning needs of our customer,'' said Ashish Chordia, chairman, Shreyans Group.
The Shreyans Group is known for retailing and distributing some prestigious global brands like Porsche and Ducati in India. The luxury conglomerate distributes and retails luxury products including cars, yachts, super bikes, fashion articles and jewellery.
Now you can buy a Ferrari in India - The Times of India
