Ferrari, Maserati to re-enter India in 2015

Fiat Chrysler Automobiles is considering the reintroduction of the Ferrari and Maserati marques in India. The company used to have contracts with the Shreyans Group for the distribution of Ferrari and Maserati cars in India. While the contract for Maserati was terminated in 2012-13, the company called off the contract for Ferrari earlier this year.

Maserati is planning to set up a national sales company in India. The company will start selling cars from the second half of 2015. Ferrari will manage its operations from Dubai and plans to commence sales from the first quarter of 2015. In Delhi, the company is in talks with Yadup Kapur, a dealer of reputed luxury brands such as Aston Martin, Lamborghini and Rolls Royce to set up a dealership. In Mumbai, Navnit Motors, which deals in Land Rover, Rolls-Royce and BMW, is being considered. Ferraris cars for India are likely to cost between Rs. 3 crore and Rs. 7 crore.

With the number of billionaires on the rise in India, it is emerging as one of the hottest destinations for supercar manufacturers. Despite a taxes and duties totalling to 170% on cars imported as CBUs, India is one of the largest markets in the Asia Oceania region for cars costing more than Rs 2 crore.