Bugatti must be really confident in the buying power of the rich folks of India considering that the company has introduced the Veyron 16.4 Grand Sport in the country despite the ridiculous 110% import tax tacked to items like foreign exotic cars.

Add the car’s cost to the tax it comes with and to be able to purchase a Veyron in the country would mean that you would have to pay a staggering $3.6 million. Apparently, Bugatti is undeterred by the mammoth tax cars like the Veyron will be given, opting to focus more on the huge potential of the spending power of wealthy locals, which, according to analysts, could reach $14.7 billion as fast as 2015.

Satya Bagla, head of Exclusive Motors Pvt., the company that carries high-end brands Bugatti, Bentley, and Lamborghini, said that the Indian market, specifically the wealthy, are beginning to open up their bank accounts. “People have more spending power and are getting more aware of owning beautiful things,” she said.

“They are more ready to show their wealth.” Must be nice.

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Source: Bloomberg

What do you think?
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7 comments:

  (600) posted on 05.29.2012

They must be courageous to gamble their sales with that.

  (613) posted on 03.30.2012

Maybe Ducatti is certain that India will like this a lot. Let’s hope so, because Veyron is a truly efficient car.

  (580) posted on 03.30.2012

Bugatti is very generous in considering their fans whims and wishes. I wonder how that will affect their sales though.

  (692) posted on 03.15.2012

This company didn’t make any hesitations in importing the said vehicle because they know the fact that local buyers will get one of this.

  (1211) posted on 03.15.2012

Well, it said that Veyron captured the hearts of people, so they have listed it in their wish list this coming Christmas.

  (526) posted on 03.9.2012

Bugatti has a name in the local market for their Veyron. It has the looks of a Lamborghini with the classy touch of a Bentley.

  (377) posted on 11.1.2010

yeah,not so shocking...Bugatti is such an iconic name when it comes to sports car..

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