The V-Class will be locally produced at the Mercedes facility in Chakan, near Pune, making it the second product, after the Mercedes-Maybach GLS, to begin local production.
Intent does not always translate immediately into numbers, and effort however sincere needs to find expression in runs, especially with a World Cup drawing closer.
'We expect this festival buying spirit to continue in October as well, with upcoming festivities including Dhanteras and Diwali, which traditionally witness spirited buying from customers.'
'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'
The Maybach GLS 600 4MATIC is the first-ever SUV offering in the company's ultra-luxurious 'Mercedes-Maybach' range. It is the only second Maybach model to be rolled out in the Indian market, following the Mercedes-Maybach S-Class.
This SUV will look as cool in 2030 as it might have in 2010 and ultimately that's what drives the core appeal of Mercedes-Benz and its products -- being classic, says Pavan Lall.
The company now offers seven different models of SUVs in India compared to two models a decade ago and contributes around 40 percent of sales up from 30 percent a couple years ago.
Priced at Rs 80.40 lakh, the GLS is definitely better-looking, better-equipped, and a more likeable version of an already successful full-sized luxury SUV
Merc says it has completed offering petrol option along with diesel variants for all the models that it sells in India
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
Mercedes-Benz India is aiming to post double-digit growth in sales volume during 2024 as it plans to launch over 12 car models during the year, says its managing director and CEO Santosh Iyer. The German carmaker, which leads the luxury car market in the country, recorded 10 per cent year-on-year (Y-o-Y) growth to 17,408 units in 2023. "For 2023, we always said that the growth would be in double digits.
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
Open order books in February breach 700,000; wait period for some models exceed a year.
The first-generation Audi Q7 was one of the highest selling vehicles in its class around the world. Now, the comprehensively updated second-gen version is here to fill the shoes and aims to do all that and more!
'And a majority will be in the top-end vehicle range.'
US would be the first market where Mercedes-Benz GLS would be available for orders and sales.
The Three-Pointed Star also unveiled its 2021 motto coined as 'Reimagining Excellence', which aims at making the brand more desirable and drawing customers closer.
Dealerships, too, are going all out to roll out the red carpet for women.
The LPG variant will be priced Rs 21,500 more than the existing petrol model. The ex-showroom Delhi price for Santro eco (GL) is Rs 354,294 and Santro eco (GLS) is Rs 373,357.
Ever wondered why the difference between a Santro Xing GL and a Santro Xing GLS was over Rs 30,000 although both looked the same? This article will try to give you a breeze through into what adds cost to a car.
Car maker Mahindra Renault on Wednesday launched the limited edition of its passenger car Logan in the country, priced between Rs 500,000 and Rs 715,000 (ex-showroom New Delhi).
The launch boosts the company's presence in the performance SUV segment and takes Mercedes-Benz's SUV portfolio to eight products
Hyundai Motor India Ltd (HMIL), India's second-biggest carmaker, on Friday launched premium hatchback Getz to enlarge its product portfolio and boost sales.
Hyundai Motor India on Thursday launched premium sedan Elantra to fill the gap between its mid-size car Accent and luxury sedan Sonata.
Hyundai Motor India will launch an upgraded version of the premium sedan Sonata this week, at the same price as that of the existing model, in an attempt to boost sales of the vehicle.
General Motors India on Wednesday launched two variants of its mid-size car Opel Corsa.\n\n\n\n
General Motors India on Wednesday reduced its car prices by Rs 24,800-Rs 43,000 following the eight per cent cut in excise duty in the 2003-04 Budget.
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors generally.
In his first interview after taking over as Philips India's vice-chairman and managing director, Krishna Kumar speaks to Business Standard on how the company is readying itself for the next few decades and the increasing importance of India to Philips' global operations.
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