German luxury car maker Mercedes Benz on Friday said it will hike prices of its products across models by up to 10 per cent in India from next month.
During the investigation, witnesses were questioned and reports were obtained from the Regional Transport Office and Mercedes Benz India Pune, said a police release.
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
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
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
The car has been a run-away success globally within the first few months of its launch.
The distinctive, new GL- Class Grand Edition's level of spaciousness and comfort is at par with that of a luxury saloon.
The Mercedes G-class was developed as a military vehicle on suggestion by the Shah of Iran.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
Dealerships, too, are going all out to roll out the red carpet for women.
The model is the pinnacle of luxury motoring coupled with the highest level of safety
The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.
Instead, the company wants to just focus on sales.
The sharp increase in commodity prices on account of the Russia-Ukraine war has put automakers in a fix. After the frequent price hikes in the current fiscal, manufacturers fear that any more price increases may further dent the already weak demand in certain segments. "We have taken several hikes and cannot immediately do it again. "We will have to closely watch the situation and act accordingly," said an official at an auto firm, declining to be identified. Even for companies like Tata Motors Passenger Vehicles, which has had a strong volume run and a robust order book, passing on the entire costs has been tough.
The S 400 has a 3-litre, V6 petrol engine with a maximum torque of 480Nm and power of 324bhp.
The car is powered by a supercharged 5.5-litre V8-engine
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BMW Group India is announcing a price increase of up to 5 per cent across the BMW and Mini product range effective August 15, 2013, according to a company statement.
The Mercedes-Benz GLC 220d 4MATIC, the SUV former Tata Sons chairman Cyrus Mistry was riding in on Sunday, comes with various safety features to protect passengers but just like other high-end cars, it has no airbags for rear seats.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
The car will be available in both petrol and diesel variants.
The Cyberster is currently sold in the UK for about Rs 63 lakh and is expected to be priced between Rs 65 lakh and Rs 70 lakhs.
Ever since his return to international cricket in 2023 ahead of the 50-over World Cup after a long while of battling injuries, Bumrah has been unplayable, delivering some of the best spells in recent memory.
So far in the first nine months of 2014, Mercedes Benz India has sold 7,529 units, up 16 per cent from the same period last year.
As many as 11 Mercedes models are impacted by the ban.
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.
Open order books in February breach 700,000; wait period for some models exceed a year.
'We have a customer base of 70,000 in India'.
As auto major Mahindra & Mahindra (M&M) became the number two player in the retail passenger vehicle segment for the first time in February, powered by its new launches, the company is setting its sights on technology upgrades.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
Mercedes-Benz plans to sell more compact cars.
After banning registration of diesel cars and SUVS with engines above 2,000 cc in December last year till March 31, the Supreme Court has extended the ban until the next hearing which is expected in July
Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit, says Pavan Lall.
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The company introduced many firsts in 2014, including introduction of segment first products such as Audi A3 Sedan and Audi A3 Cabriolet.
German luxury car maker has expanded its product offering with the launch of 11 products this year.
Automakers are caught in a chicken-and-egg situation: Prices have to come down if volumes are to increase, and volumes won't increase unless prices come down, notes Pavan Lall.
BMW's plant in Chenna now has 50 per cent localisation.
With growing revenues, a spreading business empire, and surging aspirations, companies are seeing a strong demand for luxury products from Tier 2 and Tier 3 cities.
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.
Indian workforce prefers to work for companies operating in sectors like IT, followed by BFSI and retail & FMCG.
The ban does not speak about used luxury cars.
