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Lamborghini can make up for lost sales in Russia through other markets, says CEO

Lamborghini bought a document of round 200 automobiles in Russia final year, out of a document of 8,405 globally.

By : HT Auto Desk
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Updated on:
22 Mar 2022, 06:46 AM

File photo of Lamborghini Urus
File picture of Lamborghini Urus

Italian luxurious sports activities automobile model Lamborghini can simply make up for lost sales in Russia through other markets, the company’s CEO Stephan Winkelmann stated throughout an online convention. The carmaker has suspended business in Russia following the nation’s invasion of Ukraine.

Lamborghini, which is part of the Volkswagen Group, bought a document of round 200 automobiles in Russia final year, out of a document of 8,405 globally.

“The cars we have planned to produce for Russia this year can be easily absorbed by other markets,” Winkelmann stated.

He added that the company is ready to see how the scenario evolves in Ukraine.”But if it does not change, we’ll have no problem to absorb that demand, thanks to our strong order book and waiting lists,” the CEO stated.

(Also learn | Lamborghini ups speeds, studies 2021 as its finest year ever for sales and revenue)

The luxurious sports activities carmaker plans to begin providing hybrid autos from subsequent year and make its whole lineup – the Huracan and Aventador sports activities automobiles and the Urus sport utility automobile (SUV) – plug-in hybrid between the top of 2024 and 2025. The company lately introduced that it’s going to deliver in two new variations of each Urus and Huracan in the approaching months, and people 4 automobiles will mark the top of the period for combustion engines.

The company’s first fully-electric automobile will come in the second half of the last decade. Its manufacturing is predicted to happen on the model’s headquarters close to Bologna, northern Italy, Winkelmann stated. “There is room here to increase production,” he added, with out offering a goal on the long run automobile output for the model.

Lamborghini posted a margin on its working revenue of 20.2% final year as in comparison with a goal of between 22%-25% for the approaching years, the CEO stated.

First Published Date: 22 Mar 2022, 06:44 AM IST

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