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Read more about Lamborghini planning to investment in Maharashtra to boost e-vehicle plans on Business Standard. State Industries Minister Subhash Desai said the carmaker is keen to set up base in Maharashtra

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lamborghini planning to investment in maharashtra

Lamborghini planning to investment in

Maharashtra to boost e-vehicle plans

Iconic Italian carmaker Lamborghini is mulling an investment in Maharashtra to

aid its electric vehicles plans, a senior official said today.

Maharashtra Industrial Development Corporation chief executive officer Sanjay

Sethi said the world-famous manufacturer of luxury supercars, sports cars and

SUVs is planning an investment in the state.

"They (Lamborghini) have a basic interest in electric vehicles," the senior IAS

official told PTI here, when asked about the likely presence of Lamborghini

chairman Tonino Lamborghini at the 'Magnetic Maharashtra' investor summit

here next week.

the carmaker which has outlined a slew of global

The carmaker, which has outlined a slew of global plans on the electric vehicle

front, will announce its plans for Maharashtra tomorrow, Sethi said.

State Industries Minister Subhash Desai said the carmaker is keen to set up base

in Maharashtra.

Asked if the state government has indicated any potential location to

Lamborghini, Desai replied in the negative, saying it will happen only after talks

with them.

The government does not know if the company is tying up with a local

manufacturer, Desai said.

The company sells multiple models in the country, with a base price north of Rs

20 million (Rs 2 crore).

A January 20 media report said it sold 28 vehicles in the country in 2017, and is

targeting to triple the same by 2019, as new models get launched.

The company has sales and service presence in Mumbai and Bengaluru.

In the latest Budget, Finance Minister Arun Jaitley has proposed to increase duties

on imported cars from next fiscal to 25 per cent, from the present 20 per cent, as

a disincentive to imports.

No official from Lamborghini was available for comment.

Maharashtra aims to attract investment commitments of over Rs 10 trillion at the

three-day summit starting Sunday.

Article By - Business Standard