Lamborghini denies plans of setting up a Plant in India: Here's what went wrong! - The Financial Express

Lamborghini denies plans of setting up a Plant in India: Here’s what went wrong!

The mix up which occurred involved the fact that the Tonino Lamborghini Group(which is an entirely different entity from Automobili Lamborghini SpA was scheduled to visit the Magnetic Maharashtra investor Summit.

By: | Published: February 16, 2018 6:45 PM


A recent news flash from the Maharashtra Government, saying that Lamborghini was planning to invest in a manufacturing plant in Maharashtra for their upcoming electric cars. This would have been a tremendous step for Lamborghini considering that the sub-continent and not Europe for their new base. In fact, even Maharashtra's state industry Minister Subhash Desai had initially insisted that Lamborghini was keen on Maharashtra for their plant. The Press Trust of India also reported the Maharashtra Industrial Development Corporation chief executive officer Sanjay Sethi has said that Lamborghini would announce their plans ahead of the Magnetic Investor summit in Mumbai which starts next week.

Maharashtra Industrial Development Corporation chief executive officer Sanjay Sethi told PTI that the company will announce its plans for Maharashtra ahead of the Magnetic Maharashtra investor summit in Mumbai which starts next week. Given the fact that 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, it would have made sense to Make-in-India. However, while the calculations in our head suggested that Lamborghini might expand one of Volkswagen's plant to make way for its cars, the news was too good to be true.

The mix up which occurred involved the fact that the Tonino Lamborghini Group(which is an entirely different entity from Automobili Lamborghini SpA was scheduled to visit the Magnetic Maharashtra investor Summit. The company however later clarified, that it was in no way associated with Automobili Lamborghini SpA, even though both companies share the same logo as per a trade agreement signed in 1993.

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