Bugatti announced that it introduced the Veyron 16.4 Grand Sport car in India, due to the fact that the combined net worth of India's 100 wealthiest people climbed to a record $300 billion this year.
The bad news is that the Bugatti Veyron 16.4 Grand Sport will carry a price tag of 160 million rupees ($3.6 million), due to a 110 percent import tax.
According to Guy Caquelin, Bugatti's marketing manager for the Middle East, Europe and India, the customers who want such a car will have to wait six to eight months.
The Veyron 16.4 Grand Sport is the convertible version of the Veyron and is powered by the impressive 8.0-liter W16 quad-turbocharged engine capable to deliver 1001 hp and to push the car to a top speed of 408.47 km/h (253.81 mph).
For those who don’t know, Bugatti is now the only presence on the luxury car market, as Bentley, Rolls-Royce and Jaguar are also present on the market.
According to analysts, the Indian market for luxury products including watches, clothes and cars may triple to $14.7 billion by 2015.
“People have more spending power and are getting more aware of owning beautiful things,” said Satya Bagla, head of Exclusive Motors Pvt., the dealer for Bugatti, Lamborghini and Bentley. [via autonews - sub. required]