India is surly getting more attractiveness in its auto mobile industry. Foreign players are now breaking their tie with domestic partners and accelerating their presence by themselves making it sure more profit margin and surety of strategy implementation.
Ferrari, a sport car manufacturer has severed its tie with Shreayans Group in India, who were official distributor and importer of Ferrari cars, as published by zigwheels online portal.
According to the news “Automobili Italia Private Ltd (set up by Shreyans Group specially for Ferrari) is no longer the official Ferrari importer in India," the statement said. "Ferrari is contacting all clients to ensure assistance with all matters relating to the ownership experience in the absence of an official representative in India until such time as a new importer is appointed.”
The tie between these company started in 2011, where Ashish Chordia led Shreyans Group was the only official distributor for the Ferrari cars. The reason for terminating the tie within short period of three years might be complaints from high-profile customer.
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