Lamborghini looks to invest in Maharashtra

Lamborghini looks to invest in Maharashtra

FPJ BureauUpdated: Thursday, May 30, 2019, 12:09 AM IST
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Mumbai : Iconic Italian carmaker Lamborghini is mulling an investment in Maharashtra to aid its electric vehicles plans, a senior official said on Thursday.

Maharashtra Industrial Development Corporation chief executive officer Sanjay Sethi said the world-famous manufacturer of luxury supercars, sports cars and SUVs is planning an investment in the state.

“They (Lamborghini) have a basic interest in electric vehicles,” the senior IAS official said, when asked about the likely presence of Lamborghini chairman Tonino Lamborghini at the ‘Magnetic Maharashtra’ investor summit here next week.

The carmaker, which has outlined a slew of global plans on the electric vehicle front, will announce its plans for Maharashtra on Friday, Sethi said.

State Industries Minister Subhash Desai said the carmaker is keen to set up base in Maharashtra.

Asked if the state government has indicated any potential location to Lamborghini, Desai replied in the negative, saying it will happen only after talks with them. The government does not know if the company is tying up with a local manufacturer, Desai said. The company sells multiple models in the country.

According to Sharad Agarwal, Head of Lamborghini India “Automobili Lamborghini SpA is not looking to set up a manufacturing base in Maharashtra.  In order to avoid any risk of association or confusion, we would like to clarify that Automobili Lamborghini Group and Tonino Lamborghini Group are two different entities and each of them is managing its activity in autonomy, within its own business interests, notwithstanding the fact that there is a partial co-existence of the name Lamborghini and the bull in the shield logo. The use of each trademarks are regulated in an agreement dated 1993″.

Automobili Lamborghini SpA, is headed by Mr Stefano Domencali, Chief Executive Officer.  Hence any statements made by Tonino Lamborghini cannot to attributed to Automobili Lamborghini SpA.” 

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