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Lamborghini, which has outlined a slew of global plans on the electric vehicle front, will announce its plans for Maharashtra on Friday, Sethi said. Photo: Abhijit Bhatlekar/Mint
Lamborghini, which has outlined a slew of global plans on the electric vehicle front, will announce its plans for Maharashtra on Friday, Sethi said. Photo: Abhijit Bhatlekar/Mint

Lamborghini mulling presence in Maharashtra

Lamborghini is mulling an investment in Maharashtra to aid its electric vehicles plans, said MIDC CEO Sanjay Sethi ahead of the Magnetic Maharashtra investor summit in Mumbai

Mumbai: Iconic Italian carmaker Lamborghini is mulling an investment in Maharashtra to aid its electric vehicles plans, a senior official said on Thursday.

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 in Mumbai, when asked about the likely presence of Lamborghini chairman Tonino Lamborghini at the Magnetic Maharashtra investor summit in Mumbai next week.

Lamborghini, which has outlined a slew of global plans on the electric vehicle front, will announce its plans for Maharashtra on Friday, 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.

Lamborghini sells multiple models in the country, with a base price north of Rs2 crore. A 20 January 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 proposed to increase duties on imported cars from next fiscal to 25%, from the present 20%, as a disincentive to imports.

No official from Lamborghini was available for comment.

Maharashtra aims to attract investment commitments of over 10 lakh crore at the three-day summit starting Sunday.

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