German luxury auto maker Audi is planning to beat rivals BMW and Mercedes to acquire the numero uno position in the Indian luxury car market in the next five years, tripling its sales in the country by then.
“By 2015, we aim to become number 1 in India. We have told our team in India to work towards that aim.
BMW India on Thursday launched two new variants of the best selling BMW 3 Series Sedan, the new BMW 320d Corporate Edition (Diesel) and the new BMW 330i (Petrol). The new cars will be available at BMW India dealerships across India from 25 February 2010 onwards.
Nissan Motor Corporation, Japan’s third largest automaker will showcase its new global compact car next month at the Geneva International Motor Show along with a host of other vehicles such as the Juke small crossover and the Leaf Electric Vehicle.
Mercedes-Benz has launched two variants of the 2010 M-Class in India on Monday. The leading global luxury car maker said it was ‘bullish’ on India in 2010 and keen on leveraging India for its growth strategy in terms of R&D and global sourcing.
Mercedes-Benz formally announced the arrival of its iconic sedan and the All-New S 350 L and the S 350 CDI L Blue Efficiency in India.
With state-of-the-art technology for even greater safety, as well as trailblazing innovations in comfort and drive technology, the Mercedes-Benz flagship is all set to reassert its leading position as the brand’s innovation platform and benchmark for luxury sedans.
German luxury carmaker BMW on Wednesday said it is eyeing double-digit increase in sales in 2010, on the back of the expected growth in the high-end market.
The company, which launched a limited edition of its Gran Turismo priced at Rs 63 lakh, also said it will ramp up dealership network in the country to 22 outlets, from 12 at present.
Luxury car maker Mercedes-Benz India, today reported an over-four fold jump in its monthly sales at 403 units, the highest ever recorded by the company in January so far.
Against 82 units sold during the corresponding month of last year, this is the highest ever sales registered in January by the company, Mercedes-Benz India said in a statement
Automobile major Volvo Auto India plans to ramp-up its dealership network in the country from seven to 12 by end-December, a top company official said.
“At present, we are covering seven cities through our dealers and are planning to increase the number of dealers to 12 by end of 2010,” Volvo Auto India Managing Director Paul de Voijs told reporters.
Volkswagen is planning to localise its yet-to-be launched hatchback, Polo, to the extent of 50 per cent.
The company currently sells four models Passat, Jetta, Beetle and Touareg in the country. These are primarily imported products with the assembly done at Indian facilities.
Porsche Cayenne has always been a favourite off roader for the headstrong, luxury loving, SUV freaks. But this has been a thing of concern for many green peace and ecological workers around the globe as this gas-guzzling SUV from Porsche though majestic in nature has a tendency of spitting noxious smoke into the nature.
Tata Motors will pay £400 million (Rs 3,200 Crore) annually for R&D and product development in its British brands Jaguar and Land Rover. This is over and above JLR's working capital requirements and Capex.
Porsche Panamera, the first four-door sports car from the Porsche stable has been awarded the CNBC TV18 OVERDRIVE “Import Car of the Year” and the luxury sports car brand was adjudged the “Most Sporty Brand” by Auto India magazine. Rod Wallace, Managing Director - Precision Cars India Pvt Ltd., the official Porsche importer for India accepted the awards.
It has been confirmed that Audi concept car E-Tron has not been damaged in the fire that erupted in the Audi stand at the 2010 Detroit Auto Show on Thursday. The freak fire mishap which happened in the Audi stand saw forceful evacuation of the visitors there. The Auto Show organizers were quick to issue a statement saying that the fire was quickly contained and there were no injuries.
Volkswagen India has announced the commencement of Polo Cup India from 19th June 2010. This is the 1st season of the Polo Cup in India. VW India has also launched the official website dedicated to the Polo Cup India 2010.
The Polo Cup India will celebrate its world debut in the 2010 JK National Championship and will have six races in total. Polo Cup India’s first race of the season on June 19th June 2010 will be followed by races each month until December.
Audi India is targeting to sell 1,500 cars this year. Compared to last year, this will be an increase of over 450 units. Already in a very comfortable position in the Indian luxury car market, the company is also anticipating to capture 15 per cent share in the domestic luxury car market.
Volkswagen Beetle, the original ‘people’s car’ and highest-selling car in the world till the late 70s, has already netted 160 customers in India vying to become its first owners before its scheduled December 4 launch. Advance bookings for small luxury cars are not common in India, and riding on this positive sentiment Volkswagen expects to sell 500 Beetles next year.
Audi India has posted a sales growth of 12 per cent for the month of November.
The German luxury car manufacturer has sold 101 cars for the month of November 2009 compared to 90 cars in November 2008. With sales of 101 cars for the month of November 2009, Audi India has successfully managed to surpass the annual target of 1,500 cars.
Mercedes-Benz India on Tuesday announced a sale of 325 units of passenger vehicles in October 2009. This is an increase of 132% as compared to their October 2008 performance (140 units in Oct 2008) and takes their cumulative numbers to 2640 units of passenger cars for the period January 2009 up to October 2009.
Volkswagen announced that it is aiming to sell 1,00,000 cars annually in India by 2014.
The German luxury car maker said that the launch of its Volkswagen Polo in both hatchback and sedan variants in India will help the company boost up its sales in India.
Porsche AG, Stuttgart, is launching a new top version of the Porsche Boxster. The new model will be a light mid-engined roadster. It will make its world debut at the Los Angeles Motor Show in December.
Rolls-Royce said that the market for its super-luxury cars was picking up at a high pace across Asia as the effects of the global financial crisis recede.
BMW India announced the opening of the new showroom and workshop facility by Deutsche Motoren in West Delhi. The showroom which is located at Shivaji Marg, Moti Nagar, West Delhi is the second facility in New Delhi from Deutsche Motoren.
German luxury car maker BMW today launched its sports-car Z4 Roadster priced at Rs 59 lakh (ex-showroom).
The two-seater sports-car powered by a 2,979 cc petrol engine is being launched as a part of the company's move to strengthen its position in the Indian luxury car segment.
Volkswagen Group, European auto giant, on Thursday said it has recorded a jump of 38.18 per cent in cumulative sales in India during October at 2,023 units.
The group, which has three brands namely Volkswagen, Audi, and Skoda, had marked sale of 1,464 units during the same month of 2008, it said in a statement.
GM India today launched its luxury sedan Chevrolet Cruze in India at an introductory price ranging from Rs 10.99 lakh to Rs 12.45 lakh (ex-showroom, Delhi).
BMW India has announced plans for setting up a separate Non-Banking Finance Company (NBFC) in India by mid-2010. The new company, called BMW Financial Services or BFS, will be a 100 per cent subsidiary of its parent, BMW Group of Germany.
German auto maker, Volkswagen, has been successful in attaining loan from the European Investment Bank and this is to part fund a manufacturing unit at Chakan in Maharashtra. The company got a loan amount of about Euro 100-million (US$147 million).
German car manufacturer Audi launched its compact SUV Q5 in the Indian car market today. The new sporty SUV from the Q range is a blend of innovative engineering, luxurious interiors, progressive design, and innovative and dynamic features. Enhanced with Audi’s legendary Quattro permanent all-wheel drive, the elegant SUV offers a choice of two engines - 2.0 TFSI (petrol) and 3.0 TDI (diesel).
Porsche is expecting an increase in sales in India this year. The company is anticipating for a nearly 20 per cent rise. The company has launched its premier sedan, Panamera, which is priced at Rs 1.4-2.05 crore.
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