The Wadhwa Group, on Wednesday announced its lease agreement with Navnit Motors for world’s super luxury car brand - Ferrari. The showroom will be located on the ground floor at Platina, Bandra-Kurla Complex (BKC).
The contract is for five years. 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."
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 launch of the 3000sq.ft showroom is expected by the end of October at the ground floor of Platina situated in BKC. It’s said the total deal is for around Rs 13.25 lakh per year. The rate is coming to Rs 441 per square foot.