Czech automaker Skoda on Thursday globally unveiled its all new SUV Kushaq which would take on the likes of Hyundai Creta and Kia Seltos in the fastest growing mid-sized SUV segment in the domestic market. The model is the first production car as part of the company's India 2.0 project. Under the lead responsibility of Skoda Auto, Volkswagen Group is investing 1 billion euros in its model campaign in the Indian subcontinent to strengthen its presence.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
Volkswagen has admitted that 11 million diesel engine cars worldwide were fitted with the software that helped in manipulating emission tests.
German automotive giant Volkswagen (VW) has said it will focus on the premium sedan/sport utility vehicle (SUV) segment and avoid the mass hatchback segment. "Customers don't expect anything less than a premium product from VW. "Customers expect a certain level of quality and driving dynamics. We have to stay true to that DNA. "The day we go mass, customers will reject us," says Ashish Gupta, brand director, VW India.
While Porsche India has issued public notices stating that Volkswagen Group Sales India is the sole importer of Porsche vehicles and asking customers not to deal with any other entities, Precision Cars India is contesting it saying Porsche's act was a breach of contract.
A bench headed by NGT chairperson Justice Adarsh Kumar Goel directed the carmaker to deposit the amount within two months.
The German carmaker will hike prices of its best selling cars in Indiafrom February citing increased inputs costs and changes in the exchange rate.
Volkswagen is planning to make India a low-cost manufacturing hub.
During the test of the Q5 diesel model by ARAI, nitrogen oxide (NOx) level was found to be more than the stipulated level following which the company withdrew the model from its dealerships.
Volkswagen has partnered with PCH Group and launched Passat Sedan in Bangalore.
German automobile giant Volkswagen Group has found in John Chacko a natural successor to Joerg Mueller as the new chief representative for India as well as president & managing director, Volkswagen India. The 58-year-old BTech from Indian Institute of Technology-Madras (Class of '73) has been a part of the Volkswagen Group since 1978.
"We will launch the new Jetta and new Passat in the Indian market in 2011," Volkswagen Group's Head of Marketing and PR (Passenger Cars) Lutz Kothe said.
Sources say Volkswagen may foray into this venture by May.
German carmaker Volkswagen said it has no plans to discontinue the sale of its current generation super luxury sedan Passat in the Indian market.
Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.
American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations". The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India later this year.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
India is seen as an emerging market for luxury cars.
SkodaIndia, a fully-owned subsidiary of Volkswagen Group's SkodaAuto of Czech Republic, today revealed the company's plan to launch Skoda Fabia, its first small car in the Indian market.
German luxury car maker Audi on Monday said it will start production of vehicles in India by next year, utilising group company Skoda's facility at Aurangabad and would float a new sales company.
A part of Volkswagen Group, Audi currently imports its 'A4', 'A6' luxury sedans and SUV 'Q7' in India through the completely-built-unit route.
The company faces fine of up to $18 billion in the US.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
Almost 5 years after it aborted a planned foray into the Indian market with sister concern Skoda, German luxury car maker Audi AG is again preparing to drive into Asia's fourth-biggest car market with the Rs 35 lakh two-door TT Coupe.
India's automobile market is expected to register a slower growth between 12-14 per cent in the current calendar year, as compared to 30 per cent in 2010, an industry official said on Thursday.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
Volkswagen plans to integrate its Indian facilities, which will help the company contain costs and maintain uninterrupted supply of auto parts.
Volkswagen group company Skoda Auto India on Thursday launched luxury sedan Superb and said it aimed to break even in 2005 by selling 10,000 cars and launch new models on four product lines till 2008.
In January this year, VW had said it will invest a minimum of Rs 2,000 crore on its Indian operations by 2013 to ramp up capacity, launch new models and strengthen research activities.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
it will share the platform will Polo.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
Dutch financial major ABN Amro will sell its fleet management arm LeasePlan Corporation, which has operations in India and 25 other countries, to Volkswagen and two other companies for 2.13 billion euro.
The recall will affect only the diesel variants of the two models.
After several unsuccessful attempts to enter the Indian market, Europe's largest car manufacturer Volkswagen has finalised its plans for a manufacturing plant in Pune at an investment of Rs 2,450 crore ($530 million).
BMW sold 9,375 units in India in 2012, topping the list of luxury car makers for the fourth consecutive year.
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
Czech automaker Skoda on Monday forayed into the midsize SUV segment in India with the launch of its new offering Kushaq, priced between Rs 10.5 lakh and Rs 17.6 lakh (ex showroom Delhi).
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