Luxury Carmakers

Luxury carmakers lean on YOLO impact, gear up for big ride in small towns

Many of these companies are having a waiting period from 6-18 months now, indicating a rise in demand

Mercedes-Benz India sold 15,822 units in 2022; key models drove the growth

According to the company, it has retained its leading position in the luxury car market in India by selling 15,822 units last year, up from 11,242 units sold in 2021

Audi sales rise 27.14% to 4,187 units in 2022 on strong product portfolio

German luxury carmaker Audi on Monday reported a 27.14 per cent rise in its retail sales in India at 4,187 units in 2022. The company sold 3,293 units in 2021. Although the supply chain challenges and semiconductor scarcity still hold back the full potential of growth, Audi India said its performance in 2022 was buoyed by a strong product portfolio, a revival in customer sentiment and strong business continuity. The luxury carmaker also said it has increased the prices of its vehicles by up to 1.7 per cent in most of its models from January 1. Audi India Head Balbir Singh Dhillon said the company's growth in 2022 is higher than the estimated growth of 20-22 per cent of the luxury section in India and the company witnessed sales growth in all the segments it is present. He said the company's performance in 2022 was despite hitting roadblocks posed by global issues like semiconductor availability and shipment challenges. Audi India said its sales uptick in 2022 was propelled by it

Luxury cars: India's wealthy splurging on personalising wheels of fortune

The minimum waiting period for owning a prized set of wheels has stretched to 18 months, and buyers are loosening their purse strings further to get these rides customised to reflect their personality

Luxury carmaker Audi to hike vehicle prices by up to 1.7% from January

Luxury carmaker Audi on Wednesday said it will increase prices of its model range by up to 1.7 per cent, with effect from January 1, 2023. The company said it is hiking the prices due to an increase in input and operational costs. "The primary objective of the company's business strategy focuses on a model that begets profitability and sustainability. The price correction is affected as a result of the rising supply-chain-related input and operational costs," Audi India Head Balbir Singh Dhillon said in a statement. The new price range for the company models is directed at maintaining the premium price positioning of the brand, ensuring sustainable growth of both the automaker and its dealer partners, he added. Audi India's current line-up includes the petrol-powered A4, A6, A8 L, Q3, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback, and RSQ8. The electric vehicle portfolio under the e-Tron brand comprises the e-Tron 50, e-Tron 55, e-Tron Sportback 55, e-Tron GT and RS e-Tron GT. Mainstr

Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Majority of Mercedes-Benz models in India to be EVs by 2030: CEO Schwenk

Mercedes-Benz's first electric car in India was the EQC, launched in 2020

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Santosh Iyer to lead Mercedes in India as Martin Shwenk moves to Thailand

Youngest and first Indian to be appointed for the top job

Mercedes expects 25% of its total India sales to be electric by 2025

Priced upwards of Rs 2.45 crore ex-showroom, the deliveries of the completely built unit model will commence next month

Mercedes set to lead India's luxury EV market as Tesla stays out

"Now, we are really starting our aggressive offensive into the EV market. In the next five years, 25% of our sales (in India) will be electric," Martin Schwenk said.

McLaren to enter Indian market later this year, partners Infinity Cars

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million

McLaren to open its first India retail outlet in Mumbai in October

British luxury carmaker McLaren Automotive on Monday said it is set to enter Indian market this year with the opening of its first dealership in Mumbai in October. The Indian market would be the automaker's 41st global territory. The opening of the first retail outlet in October is a key part of company's global expansion plans, extending the brand's already well-established and growing presence in the Asia Pacific region, McLaren Automotive said in a statement. McLaren sells a range of supercars which are hand-built at UK-based facility. "India remains an important market where our fans and select clientele can enjoy the best of McLaren in Mumbai. Looking ahead, we will shortly welcome the Artura to India, the all-new high-performance hybrid supercar," McLaren Automotive Managing Director APAC and China - Paul Harris noted. The company's retail outlet in Mumbai will offer sales, aftersales and servicing on the complete range of McLaren models. The supercar manufacturer said it

A backlog of 653,000 units: Carmakers stare at a long road to delivery

Year-on-year dispatches to dealers (counted as sales) declined during most of FY22

Porsche India sales up two folds at 378 units in first half of 2022

Luxury carmaker Porsche India on Monday reported an over two-fold jump in sales at 378 units in the first half of 2022

Indians car buyers lapping up SUVs, high-tech features like never before

The craze for SUVs at present is such that the waiting periods for some of the most popular models are stretching to over two years, and fresh orders are still flowing in

Loaded with edgy presence and power, BMW X4 stands tall in its portfolio

The BMW X4, which picks up where the X3 left off, offers sportive handling, punchy acceleration as well as top-quality interiors

German luxury carmaker Porsche forays into pre-owned car segment in India

The Porsche Approved programme is now available across India with a comprehensive warranty on pre-owned cars for a minimum of 12 months

Audi commences bookings for new flagship sedan A8 L priced at Rs 10 lakh

With a combination of the 3-litre petrol powertrain, 48V mild-hybrid system and quattro all-wheel drive, the new Audi A8 L delivers exhilarating driving dynamics, the automaker said in a statement

Luxury carmakers see accelerated demand for premium-end models in India

Luxury carmakers -- Mercedes-Benz, Audi and BMW, are witnessing accelerated demand for their models at the premium-end in India, leading to longer waiting periods amid supply constraints