Page 2 - Rolls-royce

Confident of meeting 2024 forecasts as air travel grows, says Rolls-Royce

Rolls-Royce, which makes engines for Airbus and Boeing's wide-body jets, aims to become more competitive company

Confident of meeting 2024 forecasts as air travel grows, says Rolls-Royce

Rolls-Royce, which makes engines for Airbus and Boeing's wide-body jets, aims to become more competitive company

Rolls-Royce, Azad Engineering partner to make defence aero-engine parts

Power and propulsion solutions provider Rolls-Royce on Monday said it has signed an agreement with Azad Engineering for making complex defence aero-engine components in India. Under the long-term agreement, Hyderabad-based Azad Engineering will manufacture and supply complex components for defence aircraft engines and thus join the global supply chain for complex category components for Rolls-Royce's technologically advanced aero-engines, the company said in a statement. "Strong collaboration has been at the heart of Rolls-Royce's journey of success in India. As we work towards strengthening the defence ecosystem, we are happy to expand our supply chain in India in partnership with Azad Engineering," Rolls-Royce Executive Vice President Business Development and Future Programmes and Head of Global Networks, Alex Zino, said. The sourcing of complex components from India for aero-engine programmes further advances the goal of capability creation in the country, he added. Azad ...

'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

Luxury car major Rolls-Royce launches its first EV Spectre in India

Rolls-Royce showcased a fully electric Experimental Phantom concept named 102EX. This was followed by 103EX, a dramatic design study that anticipated a bold electric future for the marque

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 ...

Rolls-Royce Spectre EV to debut in India on Jan 19; all details inside

Rolls-Royce is set to make a momentous entry into the Indian electric vehicle market with the official launch of its first electric vehicle, the Spectre, booked for January 19, 2024

Rolls-Royce begins tests on using hydrogen for commercial airlines

Furthermore, the efficiency of hydrogen production is low. Most hydrogen is produced from natural gas, which emits large amounts of carbon dioxide

Rolls-Royce widens role in India-UK Electric Propulsion capability talks

New Delhi and London are moving together purposefully to develop marine electric propulsion. This was evident in the second meeting of the India-UK EPCP-JWG, in New Delhi on November 21

Rolls-Royce sours on electric-powered planes, says hydrogen needs time

The aviation industry has come under pressure to decarbonize and Airbus SE, the world's biggest planemaker, is betting on hydrogen powered planes entering into service by 2035

Rolls-Royce successfully powers up UltraFan technology demonstrator

The initial stage of the test was conducted using 100 per cent Sustainable Aviation Fuel

Airlines in last-minute negotiations to rescue Dubai Airshow deals

Emirates Airline President Tim Clark warned Airbus and Rolls-Royce on Tuesday that increased engine downtime in harsh Gulf conditions, as well as higher prices for servicing

Rolls-Royce cutting up to 2,500 jobs in overhaul of UK jet engine maker

Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Tufan Erginbilgic, who took over as chief executive in January, said the layoffs are aimed at making Rolls-Royce "more streamlined and efficient". Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut, but around half of its 42,000-person workforce is based in the United Kingdom. The cuts will remove duplication and bring cost efficiencies in the latest stage of its "multi-year transformation", the company said. We are building a Rolls-Royce that is fit for the future," Erginbilgic said. The company slashed 9,000 jobs globally in 2020 as it grappled with the collapse of air travel during the pandemic. The new turnaround plan also includes creating a new company-wide procurement division that can take advantag

Rolls-Royce plans to cut 2,500 jobs as CEO extends efficiency push

Erginbilgic is driving his turnaround effort deeper into the company after already switching some key management positions, including the head of the civil engine subsidiary

JLL appointed as global real estate facilities manager by Rolls-Royce

JLL will operate as Rolls-Royce's strategic global facilities management partner across 15 million square feet of manufacturing, warehouse and office space at 44 sites in six countries

Rolls-Royce, oil-tanker crash: Kuber group director asked to join probe

Kuber Group director Vikas Malu, who was injured in a crash between a Rolls-Royce and an oil tanker that killed two people, has been sent a notice by police to join the investigation into the accident, an official said on Sunday. While the oil-tanker's driver and his helper were killed, the three occupants of the car, including Malu, were injured in the accident on the Delhi-Mumbai-Baroda Expressway near Haryana's Umri village on Tuesday afternoon. Malu has been asked to join the investigation, the senior police official said. Initial reports suggested that the oil-tanker was being driven on the wrong side of the road and it collided with the luxury car near Umri village under the Nagina police station limits However, according to the FIR registered on the day of the accident at the police station, it was the car that came from behind and hit the front tyre of the oil tanker. Because of this, the tanker overturned, according to the FIR. Police on Friday had said Malu was admitted

Oil tanker driver, helper killed in crash with Rolls-Royce in Haryana's Nuh

An oil tanker driver and his helper were killed while three occupants of a Rolls-Royce were injured when the heavy vehicle crashed into the luxury car on the Delhi-Mumbai-Baroda Expressway in this district, police said Wednesday. The accident took place on Tuesday afternoon when the tanker, which was being driven on the wrong side, collided with the car near Umri village under Nagina police station limits, they said. Police said the limousine immediately caught fire after colliding with the tanker, but all its five occupants were rescued in the nick of time by their relatives who were closely behind in another car. Those killed in the crash were identified as tanker driver Rampreet and his helper Kuldeep, both residents of Uttar Pradesh, they said. The three injured, occupants of the luxury car, were identified as Divya and Tasbir, residents of Chandigarh, and Vikas, a resident of Delhi, police said, adding they are being treated at Gurugram's Medanta Hospital. Police reached the

Hyundai, Rolls-Royce profit increases; LVMH sales fail to impress

Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business

India-US jet engine deal: What are jet engines? Why is this deal important?

Technology around manufacturing jet engines capable of powering fighter aircraft is very closely guarded and remains the biggest impediment for countries wanting to develop their own combat aircraft

Will continues to assist authorities in probe into company: Rolls-Royce

A document showed earlier that India had filed graft case against Rolls-Royce and BAE Systems for "criminal conspiracy" in procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers