High duty, lack of infra hurdles to growth of super car market
Jan 07 2014 , Mumbai
"The government has levied a 170 per cent import duty on super car. It is ridiculous. Moreover, absence of good infrastructure like quality roads are also hampering the growth of the segment," textile major Raymond's chairman and managing director and founding chairman of Super Car Club Gautam Singhania told reporters here.
Singhania was talking to reporters after announcing the date for the 6th edition of the Parx Super Car Show 2014.
The one-day super high-end automobile extravaganza will be held in the city on January 12, which is likely to see the participation from 60-65 members pan India.
Singhania said the current typical super car market stood at around 300. "The growth in the segment will be lower this year," he added.
The cars like Bentley, Ferrari, Lamborghini and Rolls Royce among others fall in the category of super cars.
"The sixth edition of the Parx Super Car Show features the world's most talked about exotic super cars on display," he said.
Singhania informed that Hot Rod-Rebel, the 1932 built, by the US auto major Ford will be one of the major attractions in the 2014 show. Super Car Club has partnered with Omkar Realtors and Developers to organise the show.
"The Club comprise members from Mumbai, Delhi, Pune and it is planning to expand to Ahmedabad, Kolkata and Hyderabad shortly," organisers said.
The show will display iconic cars like Lamborghini, Aston Martin, Ferrari, Porsche, Rolls-Royce Bentley, Audi and Mercedes.