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VW Group evaluating fresh investments for new models in India
Tue, Jan 16, 2018
German auto major Volkswagen Group is evaluating various options for the Indian market, including fresh investments for a completely new product range in the country, according to a company official.
Audi India bets on digital medium to tap customers
Mon, Jan 15, 2018
German luxury car maker Audi is seeking to tap more customers through the digital medium in India as it lines up new product launches during the year.
BMW hits 2017 sales record but Mercedes keeps lead
Fri, Jan 12, 2018
BMW, which had kept the global luxury sales crown for about a decade before slipping behind Mercedes in 2016, said deliveries were fuelled by a 9.6 percent gain for its SUV lineup and a 15 percent increase for the 1-Series.
Audi, BMW workers stage strikes amid talks over wages, hours
Fri, Jan 12, 2018
Workers at German companies including premium carmakers Audi and BMW are staging further walkouts on Friday amid labour talks seeking higher pay and shorter working hours which are set to continue next week.
Mercedes tops Indian luxury car market in 2017, sells 15,330 units
Mon, Jan 08, 2018
Mercedes-Benz continued its hold on the Indian luxury car market, maintaining top position for a third year in a row in 2017 with record sales of 15,330 units, beating rivals BMW and Audi.
Major auto companies offer heavy discounts on New year sale
Tue, Dec 05, 2017
These offers came after when the government has decided to push BS-VI fuel which has left plenty of stock with auto dealers with a surplus stock.
Audi offers discounts of up to Rs 8.85 lakh
Fri, Dec 01, 2017
The company said it is offering "special prices" and easy EMI options on Audi A3, Audi A4, Audi A6 and the Audi Q3 as part of its Audi Rush limited period offer.
Daimler third-quarter profit falls on diesel costs, special items
Fri, Oct 20, 2017
Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.
Car makers may hike prices soon with rise in GST cess from today
Mon, Sep 11, 2017
The GST Council's decision on increasing the cess on mid-size, large cars and SUVs will be implemented today as announced by CBEC.
Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up
Sat, Sep 09, 2017
Eicher Motors, Royal Enfield's parent company, stock shot up on Thursday as news of its bid to acquire Ducati went through.
Bidding for Ducati takes Eicher Motors' shares to an all-time high
Fri, Sep 08, 2017
Media reports have stated that Eicher Motors is set to offer $1.8 billion-$2 billion for Italian motorcycle manufacturer Ducati. This has taken the stock price of the company at an all-time high.
Tough road ahead for Tata Motors with JLR’s margins declining and expenses rising
Thu, Aug 31, 2017
Jaguar Land Rover has seen a decline in its EBITDA margin, while its expenses had increased significantly over the last two years, which is a cause for concern for parent company, Tata Motors.
Luxury car makers voice disappointment over GST Council's increase in cess
Mon, Aug 07, 2017
The GST Council's decision to increase the cess on luxury vehicles by an additional 10% is expected to see an increase in the prices of luxury cars.
Mercedes calls for lower taxes on luxury cars in India
Sun, Jul 23, 2017
The company reasoned that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
GST effect: Maruti, Audi, JLR reduce prices of various models
Sat, Jul 01, 2017
Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.
Auto car manufacturer Audi reduces prices of its car after Mercedes
Sat, May 27, 2017
Auto car manufacturer Audi reduces prices of its car after Mercedes. Watch complete news story for getting the detailed news updates!
In self-driving car race, winners get all the way around track
Mon, Apr 03, 2017
Nine self-driving cars did not quite zoom around a 2-mile (3.2-km) course in Northern California over the weekend in a race involving students and entrepreneurs from startup companies where the real goal was just to make it around the track.
Audi launches the new Audi Q3 priced at Rs 34.2 lakh onwards
Wed, Mar 08, 2017
The company has updated the car with attractive new features and new engine options in the model which has become best-selling model under the Audi brand.
Volkswagen has spent $2.9 billion on US buybacks
Wed, Mar 01, 2017
The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 U.S. consumers totalling $5.86 billion, it said.
Porsche, Audi lift Volkswagen to record underlying profit
Sat, Feb 25, 2017
Sales of the German carmaker`s luxury brands lifted underlying operating profit before special items 14 percent to 14.6 billion euros ($15.5 billion) in 2016, after the company reported its biggest ever loss in 2015.