Automobili Lamborghini sells 5,558 cars in H1 2024

ETAuto Desk ETAuto Desk | 07-29 16:30

The company's profitability reached 28.2%, reflecting the effectiveness of Lamborghini's strategic approaches and a balanced distribution between deliveries and financial metrics.
New Delhi: Automobili Lamborghini in the first half of 2024, delivered 5,558 cars, generating revenues of EUR 1,621 million, up by 14.1%, compared to the same period in 2023, and operating profit rose to EUR 458 million. This success of the Sant’Agata Bolognese plant is attributed to the commercial performance of three key models: Revuelto, Urus, and Huracán.

Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, said, "We are extremely proud of the results we achieved in the first half of 2024. We are going through a pivotal phase, supported by the largest investment in the company's history, with the main objective of expanding our product offering. This process demands significant resources, yet these efforts are essential to sustain our growth and ensure that Automobili Lamborghini continues to innovate and lead in the luxury super sports car sector."

The company's profitability reached 28.2%, reflecting the effectiveness of Lamborghini's strategic approaches and a balanced distribution between deliveries and financial metrics.

Paolo Poma, Managing Director and CFO of Automobili Lamborghini, said, "We are pleased that our growth path has been consolidated once again. The positive trend and strong order bank bolster confidence so that, even in a year marked by the transition to hybrid, we can confirm growth of the key financial and business metrics, reflecting the brand’s strength in the luxury and super sports segment."

Distribution of the delivered cars is evenly spread across three major regions—EMEA, Americas, and APAC—with 2,498, 1,849, and 1,211 vehicles delivered, respectively. Among individual markets, the United States leads with 1,621 cars delivered, followed by Germany (595), the United Kingdom (514), Japan (354), the Chinese Mainland, Hong Kong and Macao (337), and Italy (268).

The order book for Lamborghini remains robust. The Revuelto has a projected wait time of over two years. Orders for the Huracán cover the entire production run leading up to its planned closure in December. The Urus SE, unveiled at the Beijing International Automotive Exhibition in late April, has also received positive customer feedback, with orders covering approximately a year's worth of production.

These results underscore the successful implementation of Lamborghini's Direzione Cor Tauri program, which focuses on decarbonization and has reached a significant stage in 2024. A forthcoming milestone is the introduction of the Huracán’s successor on August 16 at Monterey Car Week, the same event that showcased the debut of the Lanzador concept car last year. This new High Performance Electrified Vehicle (HPEV) will complete Lamborghini's hybridization process, featuring an innovative twin-turbo V8 engine paired with a hybrid system for superior performance and driving experience.

Stephan Winkelmann further emphasized the larger strategic context and the intensive efforts being made by the company to maintain and build on its industry-leading position in the luxury super sports car sector.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...