Ferrari drives into India with eye on growing rich

Newswire

NEW DELHI, May 26 (Reuters) - Italian luxury carmaker Ferrari opened its first showroom in the Indian market on Thursday, as the Fiat subsidiary looked to tap the growing number of rich consumers riding the rise of Asia's third-largest economy. Ferrari joins other iconic carmakers such as Aston Martin and Lamborghini in India, where despite huge import taxes that will push the price of its cheapest model to $485,000, demand for expensive cars and luxury products is soaring. "The Indian ...

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