The Prancing horse has found a new home in Mumbai. The Wadhwa group has leased 3000 square feet of showroom space to Navnit Motors. The showroom for the world’s super luxury car brand – Ferrari – will be on the ground floor of commercial building Platina in Bandra-Kurla Complex. The showroom would be launched by the end of October.
Navin Makhija, Managing Director, The Wadhwa Group said, “We are extremely delighted by this development. BKC is certainly the most apt location for a luxury brand like Ferrari. We look forward for this long endeavor and are extremely happy to have housed the first ever Ferrari showroom in Mumbai. This connection is one of its kind and we are pleased to have it.”
The lease is for five years. The lease agreement is for five years with monthly lease rentals will be Rs 450 per sq ft. Ongoing lease rentals at Platina are around Rs 300-325 per sq ft per month. However, lease rental for this deal is higher due to the frontage on the ground floor, suitable location for a showroom. Sharad Kachalia, Director, Navnit Motors said, “This new partnership will surely extend our horizon thus catering to the excitement and unique taste of affluent customers. We hope to make the most of this association as Ferrari is in its nascent stage in India and hence brings in a striking opportunity for the country.”
The cheapest Ferrari would be available at an eye-watering price of 3.3 Crore ex-showroom Mumbai.
The entire price range is as follows:
- Ferrari California T – INR 3.30 Crore
- Ferrari 488 GTB – INR 3.84 Crore
- Ferrari 458 Spider – INR 4.07 Crore
- Ferrari 458 Speciale – INR 4.25 Crore
- Ferrari F12 Berlinetta – INR 4.72 Crore