Luxury Cars

Industry sources said that some of the luxury carmakers are contemplating a price hike in January.

Hot wheels, hotter discounts: Jains buy 186 luxury cars, drive bargain to save Rs 21 cr

This "one-of-its-kind deal" with luxury automobile brands like BMW, Audi and Mercedes was pulled off by the Jain International Trade Organisation

India may offer import duty concessions on high-end cars to the EU

India's offer to the EU will be on similar lines to the one sealed between India and the United Kingdom (UK), subject to further negotiations, said a government official privy to the matter.

Luxury automakers sell more pre-owned cars than new ones in 2024: Report

The last calendar year saw the sale of 80,000 pre-owned cars in the country, compared to 50,000 new ones, which was the highest-ever

Bengaluru transport officials seize 30 luxury cars for plying without paying taxes

Officials from the Bengaluru Transport Department conducted an operation and seized 30 luxury cars, including Ferrari, Porsche, BMW, Mercedes, Audi, Austin, and Range Rover, they said

Freewheeling With Yohan Poonawalla - One Of The World's Top 100 Classic Car Collectors

Join us as Yohan Poonawalla, Chairman of the Poonawalla Group, talks about his love for cars and gives insights into his extraordinary collection. In this conversation, he reveals what makes certain vehicles stand out in his collection, his journey with automobiles, and the stories behind some of his most cherished cars. A must-watch for automotive enthusiasts and anyone interested in the Poonawalla legacy!

Bullish on Indian market potential for super luxury cars: Aston Martin

The company, which on Thursday launched its all-new Vantage model in India priced at Rs 3.99 crore, plans to continue to bring models to the country simultaneously with the global launch.

Mercedes-Benz drives AMG S 63 E Performance, Maybach GLS 600 SUV into India

With the launch of these models, the German luxury carmaker has launched five models so far and is on course to launch another seven models, which will include more TEVs.

AI Alliance Pune: More women are now buying Mercedes-Benz cars than before, says India MD and CEO Santosh Iyer

Earlier, women buyers used to be about 6-7 percent of our total base and now that is already at 15 percent, Santosh Iyer, MD and CEO of Mercedes-Benz India said

Zomato CEO Deepinder Goyal buys India's first Aston Martin DB12 sportscar worth Rs 4.59 crore

Deepinder Goyal owns a fleet of them which includes a Ferrari Roma, a Porsche 911 Turbo S, a Lamborghini Urus, and a Porsche Carrera S.

Not ditching diesel vehicles as customer demand is strong: Mercedes Benz India VP of sales

Lance Bennett, vice president of sales and marketing, Mercedes Benz India, said that well-heeled customers prefer diesel versions and such vehicles contribute 55 percent of total sales at the company

Moneycontrol Pro Panorama | India’s insatiable drive for luxury cars

In this edition of Moneycontrol Pro Panorama: Reasons behind Bitcoin high, equity yields losing sheen, favourable outlook ahead for bond market, US-China tech war takes toll on Chinese private capital, and more

Luxury carmakers on course to hit record 45,000 units in annual sales; post double-digit growth in Jan-Sept 2023

Automakers including Mercedes, Audi, BMW, JLR and Volvo have sold around 33,000 units during the first nine months of this year as against 36,000 units sold in 2022

Luxury carmakers Mercedes, Lexus, Audi expect bumper sales in festive period

With a strong demand primarily driven by recent launches and buoyant customer sentiment, Mercedes-Benz expects the growth momentum to continue, Mercedes-Benz India MD & CEO Santosh Iyer said.

Rolls-Royce debuts Droptail Roadster, priced at over $30 million

Rolls-Royce Motor Cars Ltd. has unveiled the latest of its exclusive coachbuilt series, the Rolls-Royce Droptail.

Amid gung-ho forecasts lurk some challenges for Tata Motors

As vehicle production normalises, new product excitement wanes and competition hots up from the big daddies in the luxury car market, realisations may moderate

Luxury carmakers eye 2X growth rate of PV market in 2023

Industry estimates put the number of luxury vehicles sold in India in 2022 at around 34,000 units. That’s up 50% from 2021. Yet, this segment accounted for just 1% of the overall PV market in 2022. In 2023, the figure may rise by 0.1-0.2%

Demand for both new & pre-owned luxury cars rise | Merc, BMW, Audi, Lamborghini sales vroom!

Luxury vehicles have been making a mark on Indian roads for the past few years, and it seems like this trend is only going to accelerate in 2023. As the Indian economy continues to grow, more and more people are looking to upgrade their cars to more premium models. Luxury cars, in particular, are becoming more accessible as prices become more competitive and financing options become more attractive. Watch the video to find out the growth in the luxury car segment and what’s in store for it in the future.

Crisis-hit Pakistan imported over 2,000 luxury cars: Report

Pakistan is grappling with a foreign exchange crisis and is looking at an urgent bailout package from IMF.

The cars built by our Indian craftsmen are world class: Lexus India President

As demand for the luxe Lexus brand has seen strong growth over the years, the company plans to scale up its distribution to at least 25 cities in the coming year.

Lexus expects sustained growth in domestic luxury car segment

The company, which is the luxury car arm of Japanese auto major Toyota, on its part is looking to keep bringing in new models and technologies to offerings to its prospective customers.

Rolls-Royce says super rich keep on buying luxury cars

“We haven’t seen any downturn in order intake here over the last months,” Rolls-Royce Motor Cars Ltd. Chief Executive Officer Torsten Müller-Ötvös told Bloomberg Television. “I’m cautiously optimistic about this year.”

JLR chief Thierry Bollore’s exit raises questions about Tata Motors' prospects

JLR CEO’s untimely exit coincides with a difficult period for the global auto giant, which is still grappling with chip shortages, supply chain hurdles, global competition and the transition to electrification

High taxation limiting growth of super luxury car market in India: Lamborghini Chairman

Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, had recorded its best-ever sales in the country in 2021 at 69 units, beating its previous record in 2019 when it sold a total of 52 units.

EV talk with the first Indian CEO & MD of Mercedes-Benz India Santosh Iyer | The Drive Report

Santosh Iyer, the current Vice-President of Sales & Marketing at Mercedes-Benz India has recently been appointed MD & CEO of the luxury vehicle company. Not only is Iyer the first Indian MD of the brand, at 46, but he is also the youngest. Set to take over his new job from 1 January 2023, Iyer throws light on the brand’s EV ambitions during the launch of the Mercedes-Benz EQS AMG.