Page 2 - Luxury Car

Audi India reports 26.6% decline in retail sales at 5,816 units in 2024

German luxury carmaker Audi on Wednesday reported a 26.6 per cent decline in retail sales at 5,816 units in 2024 compared to the previous year, impacted by supply chain issues. The company had recorded retail sales of 7,931 units in 2023. "The first half of 2024 brought supply-related challenges for Audi India, yet the continued demand for our products reflects the enduring trust our customers place in the brand. With improved supplies in the second half of 2024, our volumes improved by 36 per cent in quarter four compared to quarter three of 2024," Audi India Head Balbir Singh Dhillon said in a statement. He further said 2024 marked a major milestone of a cumulative 1 lakh cars sold in India. On the outlook for 2025, he said, after finishing 2024 strongly in the fourth quarter the company anticipate sales to grow hereon. "We remain optimistic about the long-term potential of the Indian luxury car market and are committed to delivering exceptional experiences to our customers," ..

JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025

MG Motor India confirmed showcasing three new models across three new categories, including the MG Cyberster electric sports car, at the upcoming Bharat Mobility Global Expo 2025

Supply disruptions to hit production and deliveries in 2024: Audi India

German automaker struggles to meet customer expectations despite strong demand

Jaguar's luxury electric sedan undergoing road testing, debut on Dec 2

In Jan 2024, the luxury car maker announced its plans to transition to fully electric car line up by 2025

BMW India consolidated net profit rises 52% to Rs 311 crore in FY24

Car sales witness 61 % Y-o-Y growth

Luxury car brands expand footprint as demand from Tier II-III cities rise

The decision to expand into South India is a strategic move, driven by the region's rapid growth in the sports car segment, with Bangalore alone witnessing a 35 per cent increase

Millennials, Gen Z driving demand for luxury car rentals in India

Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively

Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz

China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show

Tata Motors plans Jaguar Land Rover EV imports to India under new policy

Tesla is also expected to start importing its cars to India and make an investment in the country

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Overall luxury car sales have grown 14% in first three months of 2024

BMW Group India begins Q1 2024 with 51% sales growth to 3,680 units

Luxury Class cars also performed well, with a 152 per cent growth for BMW. Models like the 7 Series, X7, and the new XM played a key role in this achievement

Electric vehicles set to corner a third of Volvo Car India's 2024 sales

Volvo has also officially confirmed its plans to introduce two additional electric vehicles in the Indian market by 2025

'Average age of customers opting to buy Rolls-Royce cars is mid-40s'

High net worth individuals in their mid-40s were the majority of customers opting to purchase the British luxury automobile maker Rolls-Royce's range of cars in India, a company official said. Rolls-Royce Motor Cars on Tuesday launched its latest all-electric - Spectre - priced at a whopping Rs 10 crore (ex-showroom), here. A 'Chartreuse' (greenish-yellow) colour variant of the Spectre rolled out of the podium at an event marking the formal launch of the brand in the South Indian market showcased for aspiring customers and dealers. Rolls-Royce Motor Cars Ltd, Product, and Regional Sales Manager, Ivan Kang said the average age of customers opting to buy Rolls-Royce cars has been coming down with the average age of high net-worth individuals in the mid-40s preferring the Spectre range. Declining to reveal any figures on how many cars have been booked since the global launch in October 2023, he said there has been 'strong demand' for Spectre with a waiting period of the cars for deliv

Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow

Sales of ultra luxury car brands like Rolls-Royce are set to be on the growth path only in India with the economy expected to expand further enabling a new set of customers for such models, as per Select Cars CEO Yadur Kapur. Select Cars is the principal dealer of various luxury car brands in the country, including Rolls-Royce, Ferrari and Lamborghini. The company on Friday introduced the Rolls-Royce Spectre, the company's first fully electric luxury sedan, with price starting at Rs 7.5 crore (ex-showroom). "India is now a USD 3.5 trillion economy and we are growing. This year also we should be growing by about 6.5 per cent. The country is now the third largest car market globally, so the demand for luxury cars is only going to increase going ahead," Kapur told reporters here. Rolls-Royce currently operates three showrooms in the country -- Delhi, Chennai and Hyderabad. Kapur said Rolls-Royce customers range from business leaders to actors and professionals from multiple ...

Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part

BMW India posts record sales of luxury cars, motorcycle at 22,940 units

German automotive group BMW on Thursday reported record sales of its luxury cars and motorcycles in India at 22,940 units in 2023. The automaker sold a total of 14,172 units across BMW and MINI brands last year. It also retailed 8,768 units of motorcycle (BMW Motorrad) in 2023. The company's sales rose by 19 per cent last year as compared to 19,263 units in 2022. "2023 has been a record-breaking milestone year for BMW Group India. All three brands 'BMW, MINI and BMW Motorrad' have delivered their highest-ever sales," BMW Group India President Vikram Pawah told reporters here. He noted that the company has successfully retained its leadership in the electric luxury car segment for the second consecutive year. "We continue to set the pace in the Indian electric luxury vehicle market with the most diverse and innovative product range, designed to cater to diverse customer needs," Pahwa said. The BMW iX is the highest-selling luxury electric vehicle in India, he stated. On the sales

Luxury carmakers Mercedes, Audi see record sales in festive season

Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country. Driven by brisk sales throughout the year, the luxury car industry in India is hopeful of achieving its best-ever performance this year. In an interaction with PTI, Mercedes-Benz India Managing Director Santosh Iyer said the festive season this year from Onam to Diwali has been better than last years', owing to multiple new launches, an attractive portfolio and also strong customer sentiment. "We have seen record deliveries during Dussehra, Dhanteras and Diwali reflecting customer enthusiasm," he noted. Iyer said that the automaker continues to have a positive industry outlook, expecting record sales this year. It however expects supply chain-related disruptions to continue to pose challenges, affecting the production and availability of SUVs, especially the GLC. "We continue to have a positive industry outlook, expecting record sale

Rolling in luxury: Top-end carmakers spin wheels of bespoke experience

From drifting and slaloming on sheets of ice to bending laws of motorsport physics, auto majors curate thrills beyond the road

Bengal allows luxury taxis to be painted in colours other than white, cream

Luxury taxis in West Bengal will be allowed to be painted in any colour other than white or cream for a fee of Rs 20,000 for each vehicle, a notification issued by the state transport department said. The authorities will grant permission for motor cabs (luxury taxis), rendering limousine service, to be painted in any colour other than white or cream, for which an amount of Rs 20,000 will be charged as an application fee from the interested service provider for each vehicle, said the notification, issued by Transport Department secretary Saumitra Mohan on September 19. Necessary amendments in the West Bengal Motor Vehicles Rules, 1989, shall be made in due course, it said. According to the notification, the department has been receiving proposals for granting permission for all Bengal luxury taxi permits for vehicles to be painted in any colour other than white or cream. "As per Rule 270(2) of West Bengal Motor Vehicles Rules, 1989, the state transport department may, by order, all

Raymond Group's Singhania takes on Maserati on safety, performance

Singhania also criticised the carmaker for failing to return his representatives' calls for over a week, questioning the level of customer service provided