Eyeing the projected 15 per cent growth in the luxury car market segment, DailmerChrysler India Pvt Ltd, makers of Mercedes-Benz cars, has decided to set up a new plant in Pune to enhance its manufacturing capacity.
Every year, carmakers announce at the end of November or December their plans to increase prices of their vehicles by January.
With cars like the Toyota Corolla and the Honda Civic selling in very small numbers and potentially even being phased out, the Octavia has very little competition, says Pavan Lall.
Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
The growth rate could continue for another seven years.
American business leaders may find that India's biggest impact on the global economy may be on the way executives think.
The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. The properties attached, under the anti-money laundering law, include a flat measuring 1,460 sq feet located at O2 Tower in Goregaon area of Mumbai, gold and platinum jewellery, diamond stones, necklaces made of silver and pearls, watches and a Mercedes Benz car, the ED said in a statement. A provisional order for attachment has been issued under the Prevention of Money Laundering Act (PMLA) for the assets worth a total Rs 14.45 crore that are in the name of Gitanjali Group of companies and its director Mehul Choksi, it said.
Orissa is truly shining. Its new found status as an investment destination has seen a significant increase in the customer base for various luxury products.
These trends are clearly not for the faint hearted.
The bus reportedly grazed past a Mercedes Benz while leaving the Radisson Hotel in Sydney.
They said that the 16-year-old boy had told the police during interrogation that he was driving the Mercedes Benz when he lost control of the vehicle and collided with a two-wheeler first before running over 11 people sleeping on the pavement. Two persons were killed on the spot while the motorcyclist succumbed to injuries later. Nine others were injured in the incident.
Lakme Fashion Week has selected ten designers to showcase their creations at events across the world.
DaimlerChrysler India, which doubled the sales of its Mercedes-Benz luxury cars in India in calendar 2006, is seeking government support to further develop the luxury car market in India.
Vijay Singh, boosted by an early eagle, edged one stroke clear in the second round of the PGA Tour's season-opening Mercedes-Benz Championship on Friday.
Daimler Chrysler, makers of Mercedes Benz cars, said on Tuesday it expected to make its new manufacturing unit near Pune operational early next year with an annual production capacity of more than 9,000 units.
Life for him has come full circle, the paper said - from dire poverty in India to the life style of rich in America and back to his native village where he has traded his Mercedes for a bicycle.
The top driver for the Indian workforce while choosing an employer are salary and employee benefits, followed by work-life balance and job security.
While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.
A sense of calm prevails every time I get into a Mercedes. I'm hardly overawed by their presence (Rohin has a big fetish for Beemers -- Ed), but the sheer snug, cosseting feeling that a Merc presents snatches me from reality, writes Rohin Nagrani.
The increasing preference for Mercedes Benz models by Indian customers may see the company roll out more models in the near future.
There are no less than six automotive launches in the next four weeks.
The Pakistan batsman's Mercedes Benz was attacked and severely damaged by a mob of youngsters in a posh locality of Lahore.
Vijay Singh held off a late charge by playing partner Adam Scott to win his 30th PGA Tour title by two shots at the Mercedes-Benz Championship on Sunday.
Vijay Singh, bidding for his 30th PGA Tour title, stretched his overnight lead to four shots midway through the Mercedes-Benz Championship final round on Sunday.
Vijay Singh survived an early battle with American Will MacKenzie and a late charge by Australia's Adam Scott to take control of the Mercedes-Benz Championship on Saturday.
Luxury car manufacturer, DaimlerChrysler on Thursday, announced the launch of its new retail financing scheme -- Star Extend -- in conjunction with ICICI Bank.
From watches and sunglasses to trekking/fitness bicycles, online shoppers seem ready to loosen purse strings.
Having brought its entire Mercedes Benz line to India, DaimlerChrysler is now contemplating bringing its Chrysler range of vehicles as well.
While the Q5 is a light driving car that feels like you can easily fling it over and around brooks and brushes and hills and plains, it's also versatile in that its rear seat is as comfy and spacious as you'd expect, says Pavan Lall.
DaimlerChrysler India Wednesday unveiled the latest edition of S-Class vehicles with a price tag of Rs 70 to 72 lakh and M-class vehicles, between Rs 55 to 60 lakh, for the Indian market at the Mercedes-Benz Brand Showcase in Mumbai.
It has get-up-and-go and is possessed of immense agility, observes Pavan Lall.
