Hot Wheels | Leo Mattel - Power Command Ferrari Red - India Card - Rare

The Power Command series stands out in the Hot Wheels lineage for its specialized "Pull-Back and Go" motor, a departure from the standard gravity-reliant mainline cars. The Ferrari Red version (typically modeled after the Ferrari 308 or Ferrari Testarossa) is highly sought after due to its vibrant finish and the historical context of its manufacturing.

Key Details & Features

• Scale: 1:64

• Color: Classic Ferrari Rosso Corsa (Red) with authentic yellow Ferrari logo tampos.

• Mechanism: High-performance pullback motor.

• Special Function: Features a manual switch on the base that allows the collector to toggle between Pull-Back mode and Freewheeling mode.

• Materials: Die-cast metal body with a durable plastic base and interior.

History of the Item

1. The Leo Mattel Joint Venture (1986–2000)

In the late 1980s, India had strict foreign trade regulations (FERA) that made it difficult for international companies like Mattel to operate independently. To enter the Indian market, Mattel formed a joint venture with Blow Plast (VIP Industries) to create Leo Mattel.

2. The "Made in India" Variations

Leo Mattel cars are famous among global collectors because they often used different paint mixtures, unique tampo designs, and distinct packaging compared to the standard Malaysian or US releases. The Power Command series was released in India around 1989–1990.

3. The Ferrari License

Ferrari was a staple of the Hot Wheels line for decades until the licensing agreement between Mattel and Ferrari ended around 2014. This makes any Ferrari Hot Wheels—especially a rare "Leo" variant—a "locked" piece of history that will likely never be reproduced again.

Collector's Value

• Scarcity: Because these were produced specifically for the Indian market and often "played to death" by kids in the 90s, finding a Mint on Card (MOC) specimen is extremely rare.

• The "Leo" Factor: International collectors pay a premium for Indian variations because the colors (like the specific shade of Ferrari red used in the Nagpur factory) often vary slightly from the global releases.

Condition Note: For collectors, the rear wing/spoiler is the most fragile part of the Power Command Ferrari. A version with the wing intact and the pullback motor still clicking is considered a "Holy Grail" for Indian die-cast enthusiasts.