We see a drop in India due to PHEV import duty uncertainty: Lamborghini CEO
On the sidelines of the world premiere of the Lamborghini Revuelto SV, the brand’s president and CEO, Stephan Winkelmann, spoke to journalists about the new flagship hybrid supercar, the move away from EVs and even the Indian market. India-EU FTA hybrid uncertainty could pose a problem A hot topic at the moment is the India-EU free trade agreement (FTA) soon to come into effect, which promises to make imported cars a whole lot more affordable. While that’s great news for most super-sportscar brands, it’s not so for Lamborghini, as the India-EU FTA offers no clarity about benefits for hybrid cars, which make up the Italian brand’s entire range. “The decision was made, I think, at the beginning of the year to lower the import taxes, but not for PHEVs,” said Winkelmann, responding to a question from Autocar India. “So, we see a drop in the market due to the uncertainty which is created by this. And there is still not enough clarity.” While other brands do have some pure-ICE models, ...