The 2017 first half volumes rose 11.5 percent to 4,589 units over the same period in the previous year, BMW India, the third largest luxury car maker, said in a statement.
At least three new models including Velar, Discovery will hit the Indian roads this year, said Rohit Suri, Managing Director, Jaguar Land Rover India.
Speaking to Moneycontrol, Roland Folger, Managing Director, Chief Executive of Mercedes-Benz India explained that if taxes on luxury cars were to be cut by even 10 percent, then volumes would rise significantly thereby adding to tax revenue.
Despite considerably cheaper ownership cost of pre-owned Merc and Audi cars, their counterparts from the BMW stable command a premium, according to an industry report.
The new Jaguar F-Pace launched by Tata Motors-owned Jaguar Land Rover (JLR) last year has set a record as the fastest selling car in the companyï¿½s history.
Environment Pollution Control Authority (EPCA) says that 1 percent is too less and that the figure should be around 20 percent for environment cess for diesel vehicles.
Luxury car maker Mercedes-Benz on May 18 said it has put on hold investments in India due to ban on sale of larger diesel vehicles in Delhi-NCR and the issue has put a question mark on the country's credibility as an investment destination
"Mercedes has given me a letter that they can use 100 percent biodiesel in their cars and trucks," said Road Transport and Highways Minister Nitin Gadkari.
Luxury cars are no more a dream for upwardly mobile individuals. Thanks to financing schemes, the luxury cars are accessible. However, be careful when you go for a luxury car loan.
GM has moved more aggressively than most of its rivals to put high-speed, 4G LTE data connections in its cars.
With this launch the company has achieved its target of launching ten cars in the Indian market in 2014.
Specifically on India, Stadler is reported to have said he expected business to recover eventually, but the process may take longer than earlier anticipated.
The locally-produced top-end model S 500 will be priced at Rs 1.39 crore (ex-showroom, Delhi) and will be rolled out from the manufacturing facility in Chakan, Pune.
The showroom is spread over 11,000sq.ft and has a customer lounge, accessory and collection display
Debashis Mitra, former sales and marketing head of Mercedes India, tells Forbes India that luxury has multiple connotations in the market
The Bentley Continental GT came out in 2002 and proved to be popular. The 2008 GT Speed was the first answer to that question. And that‘s more or less the raison d‘Ãªtre for the new Continental GT Speed.
BMW India today said it will launch entry level luxury car 1 Series in India next year-end as part of strategy to enhance its position in the country and at the same time it is preparing to hike product prices by up to 10 per cent across all models.
Luxury car maker Mercedes-Benz India today said it has started assembling its sports utility vehicle M-Class at its Chakan facility near Pune, making it cheaper by over Rs 10 lakh in the country.
Despite the gloomy picture on the automart, the luxury car-maker Audi India, which today launched the new A8-L sedan for Rs 1.075 crore and upwards, said it hopes to cross its sales target this year.
Audi entered the Indian luxury car market in 2007 and since then it has been growing at a fast pace. It bagged the number two spot from Mercedes Benz and now it has now got its eye set on BMW.
Now, most of us know Aston Martin, well, because James Bond drives one. But it seems like 007‘s favourite car brand is betting big on India with the UK-based super luxury car maker opening its second showroom in Delhi, reports Ronojoy Banerjee of CNBC-TV18.
The year 2011 has seen an increase in the number of super luxury cars homing in on India
German luxury car maker Audi today said it will start operations for its used car business in India by the end of this year, expecting it to account for up to 20% of its new car sales in future.
BMW zoomed past expectations for second quarter profit as more wealthy Chinese drove away with its revamped 5 Series saloon.
Several major auto makers on Friday embraced the Obama administration's proposal to push the industry further away from once-dominant gas guzzlers to more lean and efficient vehicles.