Photo: Outlook India
High Taxes Hampers Luxury Automobile Industry In India: Audi
Indian luxury automobile industry has enormous development potential, but it is stifled due to high luxury car taxes and unfavorable regulatory environment. Luxury automobile sales account for less than 2% of total passenger vehicle sales each year, and market has been relatively stable over the last decade. Despite the fact the nation is home to many billionaires, Audi Director Region Overseas Alexander von Waldenburg-Dresel stated luxury… read-more
Tags: Audi, TAXES, Indian luxury car market, Car, Luxury cars
Courtesy: DNA INDIA
Photo: Autocar India
BMW Set To Launch Its First All-Electric Gran Coupé BMW i4 In India
BMW India will unveil its first all-electric Gran Coupé, the BMW i4 on May 26. It is the five-door variant with fifth-generation BMW eDrive technology for sporty performance statistics. It has a range of up to 590 kilometers and five comfortable full-sized seats, making it the ideal companion for any travel. The new automobile emits no local emissions on the road and makes every journey stress-free.
Tags: BMW, Electric Car, sedan, Luxury cars, BMW i4
Courtesy: Zee Business
Photo: Hindustan Times
Man With $500 Becomes Millionaire In US; Inspiring!
Nick Mocuta (37) moved to US from Romania with just $500, when he was 21 years of age. He reportedly used to sleep on benches in LA as he was unable to find a home to live. He did odd jobs, and improved his English. However, now he has US citizenship, and owns 100 flats across US and Romania. Furthermore, he also owns four "luxury" cars.… read-more
Tags: USA, Romania, Real Estates, Luxury cars, Human Interest stories
Courtesy: India Times
Photo: India Today
Actor Ram Charan Buy His 1st Mercedes Maybach GLS600
'RRR' star Ram Charan went viral on social media as he purchased his first Mercedes Maybach GLS600 customized version on September 12, worth Rs 4 crore. Earlier, Jr NTR, who is also Charan's co-star in 'RRR', bought India's first Lamborghini Urus Graphite Capsule. Reportedly, RRR has been postponed considering the COVID-19 pandemic till further announcement. Besides, Charan will start shooting soon for his next film with Kiara Advani.
Tags: Indian Actor, Movies, Luxury cars, Cars, Mercedes
Courtesy: Hindustan Times
Photo: CarWale
More Enhanced 2021 Range Rover Evoque Launched In India
Land Rover India introduces the new 2021 Range Rover Evoque, which kicks off at a base price of Rs. 64.12 lakh. The New Range Rover Evoque is available in the R-Dynamic SE trim of the petrol version, while S trim only offers a diesel version. The latest update of the SUV is in addition to the previously launched SUV in 2019. The cabinet introduced duel colors of deep garnet and ebony.
Tags: Range Rover India, India Launch, Luxury cars, Automobiles
Courtesy: NDTV carandbike
Photo: Indian Express
Mahindra Plans To Invest Rs 9,000 Cr To Revamp Its SUV Range By 2026
Automaker Mahindra has announced an investment of Rs 9,000 crore by 2026 to revamp its SUV series. The company plans to launch nine new SUV models by 2026 including upgraded versions of Scorpio, 5-door Thar and Bolero. Allocating Rs 3,000 crore for electric vehicles, the remaining Rs 6,000 crores will be utilised for development, sales, marketing and promotion of combustion engines. Mahindra will also bring all-new EV platform- Born EV.… read-more
Tags: Automobile, Mahindra, SUVs, Mahindra Thar, Luxury cars
Courtesy: Car and Bike
Photo: Top Gear
Rolls-Royce Unveils Customised Coachbuilt 'The Boat Tail'
Adding to its coachbuilt vehicles fleet, the luxury carmaker Rolls-Royce on May 27 unveiled the all new ‘Boat Tail’ after four-year collaboration with three clients. Inspired by the 1932 Rolls Royce Phantom II Continental Boat Tail Tourer, the highly customizable new car is 5.8-metre long with the signature circular lights. The company will also provide three models in the series, enhancing the personalised vehicle experience.
Tags: Cars, Luxury cars, Rolls Royce, Boat Tail
Courtesy: Car and Bike
Photo: Zig Wheels
Mercedes-Benz Launches Its New E-Class As 15-Model Launch Commitment
Mercedes-Benz launched the facelift of E-Class in India on March 15 as part of its 15-model launch commitment in 2021. Priced from ₹63.60 lakh, the new model boasts a sportier design with an elegant rear end. An array of features like adaptive LED head & tail lamps, a 10.25-inch touchscreen infotainment system, and a digital instrument cluster making the cabin stylish. Addtionally, there are 2.0-litre petrol and diesel engines producing… read-more
Tags: Mercedes-Benz, Luxury cars, Automobile, Mercedes
Courtesy: Hindustan Times
Photo: Mercedes
Focussing Indian Market, Mercedes Decides To Assemble AMG Cars In Pune
With an intent to make AMG brand vehicles more accessible to Indian customers, Mercedes-Benz announced that it will soon begin assembling its high-performance AMG vehicles in the country. Reportedly, the assembling will take place in the company's Pune factory and AMG GLC 43 4MATIC Coupe will be the first model to be assembled here. The company said that the move will help in cutting down the heavy import duty.
Tags: Mercedes-Benz, Pune, AMG, Luxury cars
Courtesy: The Economic Times
Photo: International Brand Equity
Indian Luxury Car Market to Witness Massive Slump in 2020
The Indian luxury car market is expected to witness about a 40% decline in sales which would be the steepest record. As the COVID-19 pandemic has hit the country hard, many middle-class families are choosing entry-level car models over luxury vehicles. This has adversely impacted the automobile market. With sales dropping to 50-55% from… read-more
Tags: INDIAN MARKET, Luxury cars, Sales, Stocks, 2020
Courtesy: Economic Times
