Report: India's exotic car market booms as economy births more millionaires

Filed under: Car Buying, Coupe, Performance, Marketing/Advertising, Lamborghini, Earnings/Financials, Ferrari, India, Luxury

Demand for supercars in India has exotic automakers scrambling, with Lamborghini on the verge of opening its second dealership in India this year, and Ferrari planning to open four more by the end of 2012.

Ferrari opened its first Indian dealership in May as the country's blossoming economy continues to spit out millionaires left and right. The number of India's millionaires is expected to double by 2015.

Despite climbing numbers of millionaires and increased demand for exotic rides, a chilling fact remains: World Bank estimates that 75 percent of Indians live on less than $2 a day.

India's exotic car market booms as economy births more millionaires originally appeared on Autoblog on Sun, 23 Oct 2011 14:01:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2011/10/23/indias-exotic-car-market-booms-as-economy-births-more-millionai/

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