Page 3 - Luxury Car Market
Jaguar Land Rover India commences deliveries of new Range Rover Evoque
Jaguar Land Rover (JLR) India on Tuesday said it has commenced deliveries of new version of Range Rover Evoque in the country. The updated Evoque comes with 2-litre petrol and diesel powertrains. The 2-litre petrol engine delivers a power of 184 kW, while the 2-litre diesel engine generates 150 kW of power. The price of the model starts from Rs 64.12 lakh (ex-showroom). "Range Rover Evoque has always turned heads with its unique, modernistic and smart design. "With the introduction of new interior colorways and latest Land Rover technologies, the new Evoque's style quotient is even more enhanced and the new Ingenium powertrains make it more powerful and efficient," JLR India President & Managing Director Rohit Suri said in a statement. The new Range Rover Evoque comes with new features such as 3D surround camera, cabin air ionisation with PM2.5 filter, wireless device charging with phone signal booster and new infotainment system.
 "Jaguar Land Rover India commences deliveries of new Range Rover Evoque")
BMW boosts corporate venture investment pool to $900 million
BMW i Ventures, based in Mountain View, California, will manage the fund
 "BMW boosts corporate venture investment pool to $900 million")
Aim to be world's most profitable luxury carmaker: JLR CEO Bollore
Tata Motors-owned Jaguar Land Rover (JLR) aims to be the world's most profitable luxury car manufacturer, according to Chief Executive Officer Thierry Bollore.
 "Aim to be world's most profitable luxury carmaker: JLR CEO Bollore")
Large but easy to drive, BMW 6 Series GT lives up to its 'grand tourer' tag
The car serves up comfort on long drives
 "Large but easy to drive, BMW 6 Series GT lives up to its 'grand tourer' tag")
Car review: Does Mercedes-Benz E-Class purport to replace the S-Class?
The Mercedes-Benz E-Class LWB may not quite replace the S-Class but it is a classier, spacious upgrade from older avatars
 "Car review: Does Mercedes-Benz E-Class purport to replace the S-Class?")
 "Raring to become the king in the vast pre-owned luxury car market of India is Kings Auto")
Rolls-Royce plunges to worse-than-expected $5.6 billion loss
On an underlying pretax basis, Rolls posted a loss of 4 billion pounds, worse than the 3.1 billion pound loss forecast by analysts
 "Rolls-Royce plunges to worse-than-expected $5.6 billion loss")
Aston Martin surges as demand for $223,000 SUV brightens outlook
The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the £158,000 ($223,000) DBX model accounting for much of that output
 "Aston Martin surges as demand for $223,000 SUV brightens outlook")
Luxury carmakers rev up in India, plan over 50 new models after Covid pain
With over 50 new launches this year, super-premium marques are taking a calculated bet on the Indian market that touched a decadal low in 2020
 "Luxury carmakers rev up in India, plan over 50 new models after Covid pain")
Explained: How Apple can tackle the $230 billion luxury car market
The iPhone maker has reignited efforts to build its own vehicle, Reuters reported last month, though it's at least five years away from production
 "Explained: How Apple can tackle the $230 billion luxury car market")
Reduction in cess to help expand luxury car segment in India: Mercedes
The automaker, which remains cautiously optimistic about its sales outlook in the country next year, noted that reduction in cess would help the luxury car segment in India attain critical mass
 "Reduction in cess to help expand luxury car segment in India: Mercedes")
Lamborghini India to bring in raft of new models from Q2 of Calendar 2021
The Italian super carmaker riding on hopes of a recovery
 "Lamborghini India to bring in raft of new models from Q2 of Calendar 2021")
Mercedes starts local assembly of AMG models to make them affordable
As compared to a fully imported model, the local production makes the model cheaper by Rs 25 lakh
 "Mercedes starts local assembly of AMG models to make them affordable")
Explained: Why premium carmakers focus on entry-level offerings in India
Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down
 "Explained: Why premium carmakers focus on entry-level offerings in India")
Frequent policy changes, taxes hurting luxury car market: Audi India head
Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years
 "Frequent policy changes, taxes hurting luxury car market: Audi India head")
Luxury car mkt projected to reach 2018 level by 2022: Lexus India president
Country head P B Venugopal tells Pavan Lall that hybrid roll-out is going to dominate the firm's product strategy
 "Luxury car mkt projected to reach 2018 level by 2022: Lexus India president")
India has huge talent pool, must market itself better: Volvo Cars India MD
Frump tells Pavan Lall that India has a huge talent pool but it must learn to market itself better to the world
 "India has huge talent pool, must market itself better: Volvo Cars India MD")
Mercedes-Benz India to offer full-range of vehicles online starting Friday
Under the used car business, more than 150 cars were sold online in the months of January and February in 2020
 "Mercedes-Benz India to offer full-range of vehicles online starting Friday")
BMW India CEO Rudratej Singh dies due to cardiac arrest
The German auto major had appointed Singh as head of India operations with effect from August 1, 2019
 "BMW India CEO Rudratej Singh dies due to cardiac arrest")
Indian luxury car market to be flat in 2020, growth to return in 2021: Audi
Indian luxury car market, comprising top five players -- Mercedes, BMW, Audi, JLR and Volvo, witnessed a total sales of 40,340 units in 2018 and is expected to see a decline in 2019
 "Indian luxury car market to be flat in 2020, growth to return in 2021: Audi")