Less than a week before the Geneva test launch of its first fully electric-powered car – the Phantom Experimental Electric 102EX – Rolls-Royce Motor Cars Ltd. Chief Executive Torsten Müller-Ötvös, has come to India on a business trip. The fact that the world’s youngest owner of a Rolls-Royce is a 24-year old from the Delhi area , may provide a clue as to why Mr. Müller-Ötvös has come to India.
The country’s surging demand for luxury cars has companies like Rolls-Royce and its competitors bullish on the Indian market. “We are here to look into its potential and expand dealer coverage,” said Mr. Müller-Ötvös, at a press gathering in Mumbai, Thursday, “We need to make it a win-win situation and sustainable for all.”
The company, which sold 80 cars in India last year hopes to double its dealerships and aims to sell more than 100 cars in 2011. The company presently has two dealers: one in Mumbai, the other in Delhi. Since re-entering the Indian market in 2005 after a five-decade break, the company has performed well. Last year, sales in India grew six-fold from a year earlier, said Mr. Müller-Ötvös . He continues to remain optimistic. “I won’t be surprised if we have a three digit growth even this year,” he said.