With India forecast to be the world’s fastest growing economy by 2016-17, super luxury car maker Rolls-Royce is gearing up to tap the country’s billionaires with new models, including new convertible and a potential SUV.
The company, which sells a range of super luxury cars with starting prices ranging from Rs 4.5 crore to Rs 9 crore, is confident that India to be one of its key markets. By 2023, India has been projected to be the “home to the fourth-highest number of billionaires in the world.”
As per IMF’s prediction India may emerge as the world’s fastest growing economy by 2016-17. The World Bank’s forecast of about 6.4 per cent growth this year along with the new government’s fast-paced reforms will address key areas make the future growth prospects in India promising, Rolls-Royce Motor Cars, Asia Pacific regional director Paul Harris said. Adding further Harris said, “The luxury car market in India will certainly be boosted by these factors in addition to the projection that India will be home to the fourth highest number of billionaires in the world by 2023.” Speaking on higher potential markets like Mumbai and Delhi, he said, “There's huge market potential to be tapped on and we are well poised to meet demand for super luxury cars as our presence in these two great cities are well established.”
Source: PTI
