Ferrari Unveils Plans For Electric Supercar Launching Next Year $500,000 with Full Details
Luxury car manufacturer Ferrari is set to unveil its first electric vehicle (EV) next year, expected to be priced over $500,000 (approximately Rs 4.17 crore), excluding additional options. The Purosangue SUV starts at $398,350 in the USA and Rs 10.5 crore in India due to substantial taxes on imported luxury cars. Leaked patent documents hint that Ferrari’s upcoming EV will be a two-seater, equipped with an electric motor on each wheel. The company is also working on its second electric model, currently in the development phase.
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Ferrari is preparing to inaugurate a new manufacturing plant in Maranello, northern Italy, which will become fully operational within 3-4 months and is designed to produce EVs, hybrids, and internal combustion engine (ICE) cars. This plant is anticipated to increase Ferrari’s annual production capacity to around 20,000 units. Fabio Caldato, a portfolio manager at AcomeA SGR, an investment firm that holds Ferrari shares, pointed out that waiting lists for some Ferrari models can exceed two years.
In other news, the new Mini Cooper 5-Door offers more space and classic style with power, while the Tata Altroz Racer with 120HP is launched in India with a starting price of Rs 9.49 Lakh. Additionally, the new BMW 1 Series teases a radical design ahead of global debut, and MG unveils exclusive storm editions for the Gloster SUV, Snowstorm, and Desertstorm. Porsche unveils the new Carrera and Hybrid Carrera 4 GTS in India.
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