12.03.2011 FERRARI ANNOUNCES ITS NEW IMPORTER FOR INDIA

Ferrari Chairman Luca di Montezemolo and Sheyrans Group Chairman Ashish Chordia announce that the latter will become the official importer for India with the first dealer set to open in the spring.

Ferrari Chairman Luca di Montezemolo and Sheyrans Group Chairman Ashish Chordia announce that the latter will become the official importer for India with the first dealer set to open in the spring.

It has been announced that the Shreyans Group has been officially appointed as importer for Ferrari in India, ending a long search by the Maranello sports car maker for an India distributor. The first Ferrari dealership will open its doors in New Delhi in the spring while a second outlet is scheduled to open in Mumbai later this year.

The Shreyans Group will setup an independent Ferrari India office with Ferrari experienced professionals to manage the upcoming dealer network. Long standing talks for Ferrari to enter this key growth BRIC market had previously included Fiat Group Automobiles joint venture partner Tata Motors. The new deal with Shreyans Group also allows Ferrari to begin to play a catch up in a market where many of its sports car rivals are long established. Lamborghini first arrived in India in 2006.

"We are proud to announce the partnership with Ferrari today. This brand represents for us the epitome of success and we are proud to partner with one of the world's most desired brand. We will establish a highly qualified network of Ferrari dealers across India to cater to the discerning needs of our customer" said Ashish Chordia, Chairman of Shreyans Group.

The range of Ferraris which will be sold in the Indian market includes the 8 cylinder Ferrari California and 458 Italia, and the 12 cylinder 599 GTB Fiorano, joined by the FF, the latest model launched at this month's Geneva Motor Show. The first dealership in New Delhi will carry the Ferrari corporate Identity with an elegant and authentic design as well as having a personalisation area to support the clients in choosing the options to configure their cars. There will also be a service centre.

The Shreyans Group has played a role in transforming luxury retail in India. The conglomerate distributes and retails luxury products including cars, yachts, super bikes, fashion articles and jewelry. From the inception of the business, the management has had a very clear vision: to offer the highest quality products and after sales service, providing customers with an unprecedented buying experience. After several successful years, the group now retails and distributes some of the world's most prestigious brands.
 

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