Bugatti to begin selling Veyron in India despite 110% import tax
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.