Page 4 - Luxury Car

Luxury carmaker Audi to hike vehicle prices by up to 1.7% from January

Luxury carmaker Audi on Wednesday said it will increase prices of its model range by up to 1.7 per cent, with effect from January 1, 2023. The company said it is hiking the prices due to an increase in input and operational costs. "The primary objective of the company's business strategy focuses on a model that begets profitability and sustainability. The price correction is affected as a result of the rising supply-chain-related input and operational costs," Audi India Head Balbir Singh Dhillon said in a statement. The new price range for the company models is directed at maintaining the premium price positioning of the brand, ensuring sustainable growth of both the automaker and its dealer partners, he added. Audi India's current line-up includes the petrol-powered A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, and RSQ8. The electric vehicle portfolio under the e-Tron brand comprises the e-Tron 50, e-Tron 55, e-Tron Sportback 55, e-Tron GT and RS e-Tron GT. Mainstr

High taxation limits growth of India's super luxury car market: Lamborghini

High taxation is limiting the expansion of the super luxury car market in India, which otherwise is on a growth path, according to Italian automaker Automobili Lamborghini's Chairman and CEO Stephan Winkelmann. Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, had recorded its best-ever sales in the country in 2021 at 69 units, beating its previous record in 2019 when it sold a total of 52 units. "India is a market for us which is on a growth path like most of the markets we have around the world," Winkelmann said in a virtual interaction. When asked what is limiting the growth of super luxury car sales in the country, he said, "If we come to the specific of the Indian market, it's clear that the Indian market has, like other high taxation markets, a limit in growth. This is something we have to understand, if we look at what is happening in India." However, Winkelmann said, "We're very satisfied with (our) performance as we alw

Tighter seat belt rules work better for rider safety than alarm: Carmakers

Intention is noble but won't help if passengers decide to ignore it, they say

Luxury car market remains suppressed in India due to high taxes: Audi

Waldenburg-Dresel said it was the frequent changes in policies and high taxation on luxury cars which was hampering the growth of the segment

Audi expands product range, drives in new A8 L sedan tagged at Rs 1.29 cr

The German automaker introduced the fourth generation of the model in two variants Celebration Edition and Technology, priced at Rs 1.29 crore and Rs 1.57 crore, respectively

Mercedes-Benz logs record sales in India, sees luxury car market reviving

Company says spike in order is driven by the new C-Class model that starts at Rs 55 lakh (ex-showroom).

JLR launches innovation strategy to accelerate modern luxury vision

Jaguar Land Rover said it has initiated "Open Innovation strategy", to accelerate next-generation technology and sustainability

Mercedes-Benz India to hike model prices by up to 3% from April 1

Mercedes-Benz India on Thursday said it will increase prices of entire model range by up to 3 per cent from April 1 in order to partially offset the impact of increase in input costs.

Superior Exotics Team Disrupts The Luxury Car Rental Market In Miami

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Aston Martin plans more powerful version of DBX SUV: Check details here

Aston Martin is keeping tight-lipped, though has reiterated that the new car will be "the most powerful luxury SUV"

Mercedes aims for double-digit growth; plans to launch 10 products in 2022

Mercedes-Benz India on Wednesday said it expects to log in double-digit sales growth this year as compared with 2021 as it plans to roll out 10 new products in the market during the period.

Mercedes' new mid-sized hatchback is a nod to growing AMG footprint

Different drive modes that range from dynamic to sport and more give the car a versatility in driving experience for different conditions on different trips

How VIP Motors Became the Go-To for Luxury Vehicles Worldwide

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BMW drives in 220i Black Shadow edition at Rs 43.5 lakh

The model comes with a two-litre four-cylinder petrol engine which ensures best-in-segment performance and acceleration

Audi expects robust business growth in India over next few years

Globally, Audi has decided to sell internal combustion engine cars only till 2033. It is going to be fully electric cars after that

Audi expects all-new Q5 SUV to drive next phase of growth in India

German luxury carmaker Audi is seeking to accelerate its sales growth in India with the launch of its all-new Q5 SUV, one of its volume drivers next month, according to a senior company official

Monthly sales have reached pre-pandemic levels: Mercedes-Benz India MD

Mercedes launches market place for pre-owned cars

Car review: BMW 5 Series is an agile, sporty, top performing sedan

The latest 5 Series fits into the definition of the very best that BMW has to offer

Can't afford to buy a swanky car? Take one on a rent or hire instead

You can even gift yourself the experience of riding a different set of wheels each time you plan a trip--from a Hummer to a Bentley to a Jaguar to a BMW or Range Rover

Asked on Porsche IPO, VW CEO says we have to 'consider' tapping markets

His remarks came a day after Volkswagen unveiled a bid to buy Europcar jointly with Attestor and Pon Holdings via vehicle called Green Mobility Holding.