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Luxurion World
 
KIT: The luxury products market in India
 

The market opportunity for luxury products in India is estimated at $3 billion. This market is expected to grow at 25-30 per cent a year till 2015.

Changing consumer attitude, relaxation in import duties and emergence of high-end shopping destinations are some of the key reasons catalysing the growth of this market. Indian consumers have started gravitating towards luxury goods and services that connect with their aspirations.

A number of high-end international brands (such as Armani, Noraletto, Raymond Wiel and Burberry) have entered the Indian market through joint ventures with Indian retail players.

In spite of some luxury brands closing shop, there are many that have managed to expand their presence after a certain number of years. It is widely believed that the segment has potential for players with a long-term focus.

  Ultimate Motors to launch world's fastest car in India  
   
 

Ultimate Motors, a Dubai-based distributor of exotic and luxury sports cars in the world, is reported to bring its three brands of Super Hyper Cars (SHCs) in India by the end of the current year. The yet-to-launch SHCs are- Arash, Shelby and Zenvo including Ultimate Aero. Ultimate Aero's top speed is 413 kmph and its powerful engine belts out 1,183 horsepower. The awesome power and top speed give it the world's fastest car. The Aero can achieve 0-60 kmph sprint in just 2.78 seconds. On the other hand, UK based Arash and Denmark's Zenvo are planning the launch in India. The above mentioned SHCs are priced between Rs 2.4 to 5.4 crore. The news is confirmed by Ultimate Motors' President, Nasser Al-Hai who came here to attend an event. Meanwhile, Volkswagen Beetle and Mitsubishi Lancer Evolution X are going to be introduced in India by the end of the year and to be showcased in Auto Expo 2010.

 
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