Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2022 08 22T191123Z 3 LYNXMPEI7L0Q6 RTROPTP 4 MONACO LUXURY - Business Express

McLaren to enter India market later this year


(Reuters) – British sportscar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year.

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million.

McLaren said it had selected Infinity Cars as its retail partner in the country, with the Mumbai outlet set to open in October.

Tesla Inc put on hold plans to sell its electric cars in India and abandoned a search for showroom space after failing to secure lower import taxes, Reuters reported in May.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Maruti Suzuki, majority-owned by Suzuki Motor Corp, dominates the entry-level, small car segment in India and is the country’s biggest carmaker.

 

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Shounak Dasgupta)

 

Recent Post: