Caterham is entering India image

British motorsports company Caterham Cars on Thursday said it will expand its presence around the globe with the launch of Caterham Cars India at this weekend’s inaugural Indian Grand Prix.

The automaker will start selling its Caterham Seven, built- to-order models priced ranging from Rs 28 lakh up to Rs 90 lakh by the first half of 2012. Talks are on with another partner in US but it is still too early to tell.

Gaurav Burman, the London-based scion of the Burman family, said the company was bullish on the growing number of millionaires and billionaires in India, who also share a passion for motorsports.
Operations will be led by British sports car racer, Matt Cummings who is an experienced automotive and motorsport operator in the sector.

“I am looking forward to introducing the exhilarating driving experience of a Seven, both on the road and on the circuit, to the Indian enthusiast,” says Cummings.

The announcement comes shortly after the Kent-based company said it will expand its operations in Norfolk creating 60 new jobs. Twenty-one people will be working in Norfolk by the end of October, with that number rising to 60 within the next year.

The Caterham Seven is based on the Lotus Seven, a lightweight sports car sold in kit and factory-built form by Lotus Cars, from the late 1950s to the early 1970s. CSR is the latest evolution of the Seven design. Launched in 2005, the CSR represents everything Caterham has learned about the Seven in over 3 decades of manufacturing the car.

In September 2006 a road legal CSR260 lapped the Dunsfold test track, famously used by the BBC’s Top Gear, in an astounding 1:17.4, unofficially taking the record from the £300,000 Koenigsegg CCX.