Loading...
See More

World's costliest car goes on sale

Oct 29 2010 12:22 AFP

Related Articles

Luxury yachts fly the green flag

Geely eyes China luxury market

Russian officials' love of luxury

Luxury car sector: What crisis?

Luxury brands looking to China

Luxury cars defy down market

 

New Delhi - The world's most expensive and fastest production car has gone on sale in India, with luxury manufacturer Bugatti making its debut in the land of rickshaws.

The Bugatti Veyron 16.4 Grand Sport, which has a top speed of 407 kilometres an hour, went on display in a car dealership in the capital New Delhi on Thursday priced at 160 million rupees ($3.6m).

Just 150 of the cars will be sold worldwide, though there will be few opportunites for the car to show its performance on India's potholed and notoriously congested roads.

"India is the hub of luxury, the country of the erstwhile Maharajas, who were the true patrons of bespoke luxury," Bugatti executive Julius Kruta said in a statement, referring to India's former hereditary rulers.

"We have in the past received a heartening response from our valued customers and I think the launch of the Bugatti in India will truly delight our discerning audience."

A host of Western luxury car and motorbike manufacturers are targeting the Indian market where the fast-developing economy is minting new multi-millionaires every year.

Shortcomings in public infrastructure are a major constraint on growth, however, and the nation's road network often features poorly maintained single-lane routes outside highly congested urban areas.

One of the country's best-known fast-car enthusiasts, superstar cricket batsman Sachin Tendulkar, beats the traffic by taking his Ferrari out in the early hours of the morning in his home town of Mumbai.

Iconic motorbike maker Harley-Davidson is the most recent major brand to bet on India's elite and has invested in a glitzy showroom in New Delhi, which opened in July.

India has a record 69 billionaires, with 17 new members added to the exclusive club this year, according to business magazine Forbes.

But some 836 million Indians also live on less than 20 rupees (45 cents) a day, according to a government report, while Indian statistics on health, infant mortality, malnutrition and income are worse than those for sub-Saharan Africa.

luxury car
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Africa: Land of Billionaires!

Find out who are the richest of the richest in Africa!

 
 

Men24.com

Best bro movies 2014
Every man should be able to do these three things
Goalkeeper saves five penalties with his FACE!
Hottie of the day: Jesselyn

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...