India Will Soon Have Solar And Electric Golf Carts Manufactured By Lamborghini

The Italian automobile brand Lamborghini has reportedly had a plan to manufacture solar and electric golf carts in the Indian market. It will be a completely different Lamborghini version from any previous version you have ever thought or heard about.

Citing many sources, Tonino Lamborghini SpA will be responsible for implementing this promising manufacturing plan. For those who haven’t known about this brand, it is a luxury accessories manufacturer in Italia which has begun to operate since 1981 under the leadership of Tonino Lamborghini. Its founder is also known as the successor of the Lamborghini family.

To bring solar and electric golf carts to Indian consumers, Lamborghini will collaborate with Kinetic Green, a Kinetic group company that is headquartered in Pune. Along with the partnership, these two companies have established a joint venture with the expected revenue of Rs 500 crore. They also hope to occupy 2.5% of the global market during the five years from now.

Besides, the joint venture invests 75% of all its stake to a division of the Kinetic group that specializes in electric vehicles. That is Kinetic Green Energy and Power Solutions (KGEPSL). The remaining 25% belongs to Tonino Lamborghini.

Aiming at producing these solar and electric golf carts in India, the Kinetic group company plans to make use of its own R&D and manufacturing facilities based in Ahmednagar.

This may be the first time the premium brand like ‘Lamborghini’ have been in association with electric carts (and solar carts, of course); more especially, these carts are designed for golf courses.

However, it is not entirely a sudden strategy of Lamborghini. According to the company, the golf cart sector is being invested $ 2 billion (about Rs 143,78 crores) in the global market. The compound growth rate of this sector is reaching 8-10% per year.

While all the world has focused more on green energy through the development of electric vehicles and other equipment, Lamborghini and Kinetic Green have taken their first steps on researching solar and electric golf carts as a promising revenue source.