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India may be the home of the world’s cheapest car, but that doesn’t mean there aren’t any automotive enthusiasts there with slightly higher aspirations.

With its booming economy, the subcontinent boasts over 50 billionaires and plenty more people with a net worth in the nine-figure range.

In the past year the likes of Ferrari and Lamborghini opened showrooms in the country to help supply this growing market with supercars, but soon it will have one of its own.

At the New Delhi Auto Expo this week, Pune-based automotive and interior design firm DC Design unveiled India’s first homegrown supercar, the Avanti.

Read:  Is This the New World's Cheapest Car?

Perhaps a testament to India’s notoriously crowded and poorly maintained roads, the $56,000 two-seater aims for relatively modest performance from its 240 hp 2.0-liter turbocharged four-cylinder engine supplied by Ford. Nevertheless, the company claims it will reach a limited top speed of 155 mph.

Built on a space-frame chassis, the mid-engine Avanti is about the size of a Chevrolet Corvette, and comes with a six-speed manual transmission. DC hopes to sell 300-400 in its first year and exports are being considered.

DC Design describes the car as “a stunner in more ways than one and a smile inducer cum big name basher made in India.”

Sounds like a Bollywood action film on four wheels.

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