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Audi expects 50% of total sales in India to come from EVs by 2030

Audi expects 50% of total sales in India to come from EVs by 2030

Fri, Jan 05, 2024

German luxury carmaker Audi expects 50 per cent of its sales in India to come from electric vehicles by 2030, according to a top company executive.

Mercedes, Audi see record sales in festive season this year

Mercedes, Audi see record sales in festive season this year

Sun, Nov 19, 2023

The Indian luxury car market was valued at USD 1.06 billion in 2021 and is expected to reach over USD 1.54 billion by 2027, registering a CAGR of more than 6.4 per cent during the forecast period 2022-2027, he noted.

Audi reports 88% increase in retail sales in Jan-Sept

Audi reports 88% increase in retail sales in Jan-Sept

Wed, Oct 04, 2023

The launch of the new Q8 e-tron, Q8 Sportback e-tron, Q3 and Q3 Sportback coupled with continued demand for other models like the A4, A6 and Q5 has led to positive growth, the automaker said in a statement.

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Luxury car sales likely to fall? Know here the reasons

Luxury car sales likely to fall? Know here the reasons

Sun, Apr 15, 2018

The companies say overall industry sales are likely to remain either flat or in low single digit against an earlier expectation of double digit growth. In the Budget for 2018-19, Finance Minister Arun Jaitley had increased custom duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent

Audi launches new RS 5 Coupe in India priced at Rs 1.1 crore; Virat Kohli terms it a "performance car"

Audi launches new RS 5 Coupe in India priced at Rs 1.1 crore; Virat Kohli terms it a "performance car"

Thu, Apr 12, 2018

Audi India had reported 2 per cent increase in its total sales at 7,876 units in 2017 as against 7,720 units in the previous year. The completed ten years of operations in India in 2017.

Audi e-tron electric SUV may be priced around Rs 1.3 crore in India

Audi e-tron electric SUV may be priced around Rs 1.3 crore in India

Wed, Mar 21, 2018

Last year, Audi stated to have been contemplating to introduce an EV in the Indian market by 2020. The Audi e-tron electric SUV, which will be introduced into the European market in late 2018, will hit some markets by 2019.

Audi to hike car prices by up to Rs 9 lakh from April

Audi to hike car prices by up to Rs 9 lakh from April

Fri, Mar 16, 2018

Audi sells a host of vehicles in India ranging from SUV Q3 with price starting at Rs 35.35 lakh to sports car R8 which is tagged at Rs 2.63 crore.

Audi's first all-electric model e-tron prototype unveiled at Geneva Motor Show; check out sporty premium SUV

Audi's first all-electric model e-tron prototype unveiled at Geneva Motor Show; check out sporty premium SUV

Thu, Mar 08, 2018

The future of mobility is electric and German carmaker Audi is looking to grab a big pie of the emerging market with its spectacular product. At the Geneva Motor Show Audi unveiled its e-tron prototype that is fully electric. The car is encircled by alternating orange and black segments and the expressive sills, with colorful inserts, indicate what this vehicle is all about - the battery and therefore, energy center of the car.

Ken to maintain growth momentum in 2018, says BMW India president

Ken to maintain growth momentum in 2018, says BMW India president

Mon, Feb 12, 2018

After many years of volume declines, the German car major had posted a robust 25 per cent volume growth in 2017, creating 9,800 new customers. The numbers include those sold under the BMW and the Mini brands.

Can drive in EVs in India by 2020 if infra is ready: Audi

Can drive in EVs in India by 2020 if infra is ready: Audi

Thu, Jan 18, 2018

Globally by 2025, Audi is looking to have 30 per cent of its sales to come from electric vehicles.

Volkswagen says studying electric vehicle market closely

Volkswagen says studying electric vehicle market closely

Thu, Jan 18, 2018

The Volkswagen group globally has readjusted its strategy to embrace e-mobility by committed huge investments towards new generation electric vehicles from 2020.

VW Group evaluating fresh investments for new models in India

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

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

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

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

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

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

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

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

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

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

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

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.

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