Chennai : A company official announced that Rolls-Royce has introduced its new ultra-luxury Cullinan Series II in India, beginning at Rs 10.50 crore. The company announced that local client deliveries will start in the fourth quarter of 2024. Rolls-Royce reaching the milestone of debuting Cullinan Series II in India marks an important event in the Asia Pacific region. Ever since it was first released in 2018, this incredible car has drawn in a younger and more varied clientele, making it the most sought-after Rolls-Royce in the brand's lineup today," stated Irene Nikkein, Regional Director Asia-Pacific at Rolls-Royce Motor Cars.
Nikkein stated that the Cullinan Series II includes new technologies, new materials, carefully planned design updates, and creative ways for self-expression through Bespoke. The cost of Cullinan Series II in India begins at Rs 10.50 crore, whereas the price for Black Badge Cullinan Series II starts at Rs 12.25 crore, as per the company. Rolls-Royce further explained that the cost of Cullinan Series II will vary based on the client's specific preferences. Credit growth exceeded deposit growth from fiscal year '19 to fiscal year '24. It was stated that the presence of alternative investments and large amounts of cash in the informal sector hindered the growth of deposits, especially in rural parts.
The percentage of young investors under 30 years old has increased consistently, with their representation in the investor base rising from 22.6 pc in FY19 to 39.9 pc in FY25 (as of July 31, 2024). It was stated that this trend shows a growing curiosity in equity markets from youthful investors. In the same timeframe, it was reported that the proportion of investors aged 30-39 stayed consistent, while the proportion of individuals above 40 decreased. True North Financial Services stated that both banks and the Government need to work together to boost the deposit ratio.
FIRST Business Portal addressing the potential of business capability of North East Region.
