“We (industry) sold about 48,500 cars last year, which is just a little over 1 per cent of the overall car industry. So we still are very small in terms of the percentage and the Southeast Asian market,” he added. In many countries, in that region, the penetration of luxury cars to the overall car market is in the range of five to six per cent and in some markets as high as 20 per cent, he said.
He continued, “So I think we have still a lot of area to cover,” and added that a…
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