According to Mid Day, the film was released for around 42 crores and opened to 3 crores, far below the expectations that the industry held for it.
A trade expert said: "The film will now struggle to break even and, contrary to its rave reviews, it is a disappointment at the box office."
Sunday (June 17) brought in the family audience, but the film dropped heavily on Monday. The film, which stars Sharman Joshi in a lead role, is believed to have collected Rs 13 crores since its release.
By comparison Rowdy Rathore continues to maintain its hold on the box office in its third week.
The Akshay Kumar starrer looks set to cross the Rs 125 crore mark, making it the fifth-highest grossing movie in India ever after 3 Idiots (Rs 202 cr), Bodyguard (Rs 150 cr), Dabangg (Rs 145 cr) and Ready (Rs 128 cr).
Watch the trailer for Ferrari Ki Sawaari below: