Ferrari to begin sales in India

Ferrari will be beginning sales in India within the next six months.

Ferrari will be selling the cars directly rather than through Fiat Group’s partner Tata Motors, despite the resulting 110% import tax. This goes to show just how wealthy they expect their customers to be.

“Ferrari will enter the Indian market in the first half of 2011. India will be the 58th market in the world where Ferrari will be present,” said Valeria Costa, communications director for Ferrari.

India is rapidly becoming an important market for prestigious automakers. Jaguar Land Rover just recently announced their intentions to sell cars there, and Bugatti will be selling the Veyron Grand Sport there as well. This is because of the increase in the number of wealthy people in the region. 126,700 millionaires were recorded in India in 2009, and that number is growing.



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