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luxury cars News
Planning to buy pre-owned luxury car? It's now just a click away - Big Boy Toyz ventures into e-booking
Tue, Jun 25, 2019
With this initiative of transparent e-booking mechanism for auto industry, Big Boy Toyz aims to bring about a major change in the functioning of the auto industry by gearing up their online sales.
Road to buy cars priced above Rs 10 lakh just got smoother! Check big money-saving good news for you
Tue, Mar 12, 2019
CBIC has made it clear that TCS won't be added to the sticker value before the GST calculation, which leads to savings for the customers about 1% in their payout.
Own BMW, Mercedes, Audi, Lexus to Volvo cars at 50% Discount! Check IL&FS garage sale details here
Fri, Dec 14, 2018
IL&FS garage sale: A list of 36 pre-owned Luxury sedans and SUV cars will be auctioned in IL&FS garage sale. Here are the top 10 buys to look out for. You can buy these at less than half the price for their actual cost.
'Taxes on taxes on taxes': Lamborghini says super luxury cars cost over 3 times actual price in India
Tue, Oct 09, 2018
Lamborghini, the Italian luxury super car maker, has met its India sales target for till the first half of next year. Yet, Matteo Ortenzi, who recently took over as CEO of Asia Pacific region, is worried. It is frequently changing taxation policies that could prove as a dampener in the execution of his plan to double India sales in the next two years.
Lamborghini okay with high taxes on luxury cars in India, but wants this also
Sun, Sep 30, 2018
High taxes on luxury cars in India are understandable but there must be consistency in tax structures and policy as frequent changes hamper market sentiment and business plans, according to a top official of Italian super sports car maker Automobili Lamborghini.
2018 Geneva Motor Show starts with dazzling models
Fri, Mar 09, 2018
The world's most expensive, prestigious new cars descended on Geneva this week in a swirl of carbon fiber rims, cashmere carpeting, and electrified powertrains.
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.
Mercedes Benz to launch A-Class in US market soon
Tue, Dec 19, 2017
The A-Class comes with newly developed 4-cylinder power plant having a displacement of 1.6 litres, direct petrol injection, variable valve timing and a turbocharger offer.
Next-gen Audi Q5 may go for sales in India from January 2018
Wed, Dec 13, 2017
Unveiled in the Paris Auto Show last year, Audi Q5 will soon be available in India for sales at starting price of Rs 55 lakh.
Mercedes-Benz S-Class facelift spotted undergoing test runs in India
Tue, Dec 12, 2017
S-Class facelift is expected to come with 3.0-litre V6 diesel and a 3.0-litre petrol producing 330bhp.
Volvo mulling launch of BS VI cars in India before April 2020
Sun, Dec 03, 2017
With the government deciding to advance availability of BS-VI fuels in Delhi, the company said it is 'future ready', and could introduce the models if compatible fuel is available in Delhi NCR.
Build fast, fix later: speed hurts quality at Tesla, say some workers
Wed, Nov 29, 2017
The luxury cars regularly require fixes before they can leave the factory, according to the workers. Quality checks have routinely revealed defects in more than 90 percent of Model S and Model X vehicles inspected after assembly, these individuals said, citing figures from Tesla`s internal tracking system as recently as October. Some of these people told Reuters of seeing problems as far back as 2012.
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.
Cars companies announce hike in prices with rise in GST cess
Sat, Sep 16, 2017
Car companies such Honda, Toyota, Fiat and Hyundai have all increased the priced of their cars after the increase in the GST Cess by the governement recently.
21st GST Council meeting: Cess hike on large cars, tax on farm output to be reviewed
Sun, Sep 10, 2017
This segment of Zee Business brings to you latest updates on GST council meeting. A few changes including cess increase in luxury cars, cess decrease in rubber bands and other things are expected to get discussed in this meet. Watch full video to know more.
Why GST Council's hike in cess for mid, large cars, SUVs comes as relief to automobile industry
Sun, Sep 10, 2017
The GST Council took the decision to increase the cess on various segment of cars individually, instead of having a common tax on all the cars of one size.
Cabinet gives approval to increase GST cess on luxury cars
Wed, Aug 30, 2017
The Cabinet has approved the Finance Ministry's proposal to increase the GST cess on luxury cars by another 10%.
Here's why Mahindra will be impacted the most with hike in GST cess
Fri, Aug 25, 2017
Mahindra's higher exposure to the SUV segment makes it especially vunerable to the impact of the hike in the GST cess expected soon.
Why hike in GST cess on luxury cars may dent investment, auto jobs in India
Tue, Aug 08, 2017
Except for small cars, all cars above 4 meters could see their prices go much above the pre-GST levels due to the hike in the on-road taxes in many states
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.