# McLaren to enter India market later this year
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-08-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: McLaren announces entry into Indian market with Mumbai
Meta Description: McLaren announces entry into India with its first retail outlet in Mumbai, tapping into the luxury car market in the price-sensitive Indian automotive industry.
URL: https://financedigest.com/mclaren-to-enter-india-market-later-this-yearhtml

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(Reuters) – British sportscar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year.

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million.

McLaren said it had selected Infinity Cars as its retail partner in the country, with the Mumbai outlet set to open in October.

Tesla Inc put on hold plans to [sell its electric cars](https://www.financedigest.com/3-tricks-to-get-a-better-price-when-selling-your-car.html "3 Tricks To Get a Better Price When Selling Your Car") in India and abandoned a search for showroom space after failing to secure lower import taxes, Reuters reported in May.

Maruti Suzuki, majority-owned by Suzuki Motor Corp, dominates the entry-level, small car segment in India and is the country’s [biggest carmaker](https://www.financedigest.com/platinum-facing-biggest-deficit-in-years-as-carmakers-snap-up-metal.html "Platinum facing biggest deficit in years as carmakers snap up metal").

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Shounak Dasgupta)


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