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LUXURY CARMAKER CHALLENGES
At Hong Kong auto show, China automakers target wealthy in right-hand-drive marketsChinese car companies are targeting wealthy buyers in right-hand-drive nations. They are introducing premium electric vehicles to new marke...- JLR projects revenue growth and return to profit in FY27, doubles down on USJaguar Land Rover anticipates a strong comeback in financial year 2027. The company projects a 13% revenue increase and a return to profita...
- Global Markets| European shares flat as investors await Iran deal details, Fed policy; BMW slidesEuropean markets held firm today, with investors keenly awaiting developments regarding potential peace talks between the U.S. and Iran, al...
- BMW rolls out MINI Countryman C locally with introductory price of Rs 47.5 lakhBMW Group India has launched the locally assembled petrol-powered MINI Countryman C at an introductory price of Rs 47.50 lakh. This move to...
- Tata Motors PV eyes industry-leading FY27 growth as new launches, EV momentum fuel optimismTata Motors Passenger Vehicles anticipates strong growth in fiscal 2027. The company plans new product launches and a multi-powertrain stra...
- Ferrari's Luce leads bold leap into uncertain electric eraFerrari is launching its first all-electric car, the Luce. This move comes as other sports car makers hesitate on EVs. The Luce, priced ove...
- 7-seater EV race heats up as VinFast, Mahindra & Mahindra, BYD, JSW MG, Kia target big families in IndiaThe electric vehicle revolution in India is not just about getting from point A to B; it’s now about enhancing family journeys. With the em...
- Renault Kwid, Triber, Kiger to get expensive as automaker plans price hike from JanuaryRenault India will raise prices on its Kwid, Triber, and Kiger models by up to two percent starting in January. This price adjustment is a ...
- Audi India retail sales fall 18% in January-SeptemberAudi India reported an 18 percent sales fall in the first nine months. The luxury carmaker sold 3,197 units this year. This is down from 3,...
- Rolls-Royce was struggling to survive, then CEO laid off 2,500 managers—now stock price has surged 500%Rolls-Royce CEO Tufan Erginbilgiç fired 2,500 employees, mainly managers, to turn the company around. This move led to a 500% share price i...
- JSW MG Motor India to drive into luxury car marketJSW MG Motor India plans to enter the luxury car segment with new energy vehicles, including electric, hybrid, and plug-in hybrids. The com...
- Porsche AG Q1 Results: Operating profit drops 30% to $1.37 billion on ramp-up costsPorsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steer...
- Porsche confirms outlook but warns luxury not immune to economic woesPorsche AG has reported its nine-month results in line with its annual forecast, but has warned that the luxury sector is being affected by...
- Jaguar Land Rover ups electric investments to catch up in EV raceJLR, which is owned by India's Tata Motors, said it would invest 15 billion pounds ($19 billion) over the next five years on EVs.
- Audi sales jump 27.14 pc to 4,187 units in 2022Audi India's current product line-up includes sedans A4, A6 and A8 L; SUVs, Q3, Q5, Q7 and Q8; sports cars S5 Sportback, RS 5 Sportback and...
- Luxury carmakers line up 70 launches for 2021, expect V-shaped recoveryLuxury carmakers have lined up about 70 launches – including all-new models, facelifts and variants – this year, which is almost double of ...
- China and electric cars offer automakers hope after a dire 2020China's auto industry rebounded swiftly following its shutdown to tackle the COVID-19 outbreak, while in Europe manufacturers' battle to me...
- Luxury car sales witness sharp fall in 2020, worst decline as lockdowns take toll on demandAccording to Santosh Iyer, vice-president (sales and marketing) at Mercedes-Benz India, while demand has improved since September, the pace...
- Luxe on wheels! New AMG 53 series SUV from Mercedes-Benz to hit Indian streets, bookings beginMercedes-Benz India had displayed the SUV at the 2020 Auto Show at Greater Noida in February.
- Mercedes-Benz to open bookings of mid-size SUV from TuesdayGerman luxury car maker Mercedes-Benz on Monday announced opening the bookings of its mid-size SUV, AMG GLE 53 4MATIC+ Coupe, from Septembe...
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