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Wednesday, February 19, 2020
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Lamborghini, Lamborghini India, Lamborghini sales, super luxury car sales, Urus SUV, Lamborghini India, automobile, Indian Express

Tier-1, Tier-2 cities make up 25 per cent of Lamborghini India sales

February 13, 2020 6:30:51 pm

Sharad Agarwal, Head of Lamborghini India said that an averange Lamborghini owner in India is in the 25-45 age bracket and most were businessmen or industrialists. Despite this profile, he said, 60-65 per cent of them avail auto finance.

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‘EVs are imminent as they are a better promise than the internal combustion engine’: Shailesh Chandra

February 9, 2020 12:10:50 am

Shailesh Chandra, president, electric mobility business & corporate strategy at Tata Motors, tells The Indian Express electric vehicle future is imminent and he would go with an aggressive portfolio of products.

Auto Expo 2020: Maruti showcases much-awaited off-road vehicle Suzuki Jimny

February 8, 2020 1:17:02 pm

With its compact design and off-road capabilities, the vehicle speaks volumes about Suzuki's engineering capabilities, he added. Suzuki sells the Jimny across 194 countries.

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Beginning second half, we may slowly start to get back to normal growth path: Hyundai CEO Seon Seob Kim

February 6, 2020 4:01:39 am

While the company already has its EV rolled out in the market, he said that Hyundai may introduce its mass market EV over the next 2-3 years and that their EV vision is in line with that of the government.

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Expect some pick-up in sales after April: Maruti Suzuki India CEO Kenichi Ayukawa

February 6, 2020 7:33:50 am

Stating that MSIL will focus on small mass EV, he said that industry sales, which have been under pressure for over a year now, should start improving after April once the transition to BSVI is complete and there is an uptick in economy.

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Auto Expo 2020: Concept cars rule as slowdown puts brake on launches; electric mobility takes a backseat

February 6, 2020 7:33:23 am

The biennial event, billed as Asia’s biggest automotive expo in terms of footfalls, was also testament to the sobering realisation that the Centre’s electric mobility push is floundering

Auto Expo 2020: Maruti Suzuki unveils Vitara Brezza with petrol engine

February 6, 2020 4:36:02 pm

Auto Expo 2020 India: The exhibition saw Maruti Suzuki India (MSI), the country's largest carmaker, unveiling its compact SUV Vitara Brezza with BS VI-compliant petrol engine. Meanwhile, Italian two-wheeler maker Piaggio unveiled its premium scooter Aprilia SXR 160, which has been designed specifically for Indian conditions.

General Motors to slash 14,700 jobs in North America

China’s Great Wall to buy GM’s last India plant

January 18, 2020 1:07:16 am

China's biggest SUV maker, GWM will officially debut its Haval brand and electric vehicles at the upcoming Auto Expo and launch its Indian market plan.

Audi launches crossover SUV Q8 in India, price starting from Rs 1.33 cr

January 15, 2020 7:57:20 pm

Audi, which once enjoyed a leadership position in the Indian luxury car segment, has devised a strategy for this year and next five years, with a focus on customers, products, network, and digitalisation to revive its growth prospectors in India.

Zero to 60 in 2.2 seconds? 10 electric vehicles to watch

January 1, 2020 4:00:42 pm

Sales of electric autos were double those from the year before, but they were still dwarfed by their fossil-fuel-powered brethren.

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Former Uber CEO Kalanick to resign from company’s board

December 24, 2019 9:58:00 pm

Uber turbocharged the gig economy and since 2010 has logged 15 billion trips. Kalanick was ousted as CEO in the summer of 2017 with the company mired in numerous lawsuits.

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Automobile sector is in transition phase, no threat of job losses: Govt in Rajya Sabha

December 10, 2019 1:39:29 pm

Passenger vehicle sales in India rose marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales, according to figures released last month by auto industry body.

Maruti recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty component

December 7, 2019 4:36:20 am

A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier, the company said, adding that vehicles requiring replacement of faulty part will be retained for part replacement free of cost.

Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, Hyundai said Wednesday. The investment forms part of a surge in spending at Hyundai, which like rivals worldwide faces an expensive future of lower-emissions, battery-powered vehicles. Competitors such as Volkswagen AG have also pledged tens of billions of dollars in investments in electrification. If successful, the plan should create a more profitable business with a global market share of 5% in 2025, up from 4% in 2018, according to Hyundai. Yet most traditional carmakers are heading in the same direction, and all-electric rivals such as Tesla Inc. have a technological head start. That suggests competitive pressures aren’t likely to subside in the next era. German carmakers are set to invest $45 billion in electric vehicles over the next three years, while General Motors Co. is pushing ahead with a plan to sell 20 EV models by 2023. Shares of Hyundai rose 0.4% at 11:49 a.m. in Seoul as the company said it should be more than three times as profitable by the end of the six-year plan. Hyundai wants to widen its operating margin to 8% in 2025 -- up from 2.5% last year -- a level that would make the carmaker among the most profitable on the planet. BMW AG has a margin of 9.3% and Toyota Motor Corp. 8.2%, according to data compiled by Bloomberg, with most other global automakers in the 2%-6% range. Global Sacrifice The transformation will come at a price. Some 27.9 trillion won of costs, the equivalent of $23 billion, will be stripped out of the company in the next three years alone, Hyundai said. That’s part of the sacrifice being made at automakers across the world as the industry tackles a tectonic shift in vehicle technology. At the same time, trade-war tariffs hang over decades-old supply chains that serve a dwindling market. All told, carmakers are cutting more than 80,000 jobs in coming years, according to data compiled by Bloomberg News. The industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit. Hyundai also said it plans to buy back 308 billion won of shares by early March.

Hyundai commits $17 billion to add electric, driverless cars

December 4, 2019 10:39:02 am

Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, Hyundai said Wednesday.

Colm McLoughlin Receives the ABLF Lifetime Achievement Award

November 27, 2019 1:44:20 pm

Dubai Duty Free’s Executive Vice Chairman & CEO, Colm McLoughlin received the “Lifetime Achievement Award” at the Asian Business Leadership Forum (ABLF) and Awards held yesterday, 6th November at Jumeirah Emirates Tower in Dubai.

Salah Tahlak Gets Fourth Term on ATP International Group Council

December 5, 2019 4:18:56 am

Dubai Duty Free Tennis Championships Tournament Director is the only Arab to be re-elected for four consecutive terms

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Elon Musk: About 150,000 orders thus far for Tesla Cybertruck

November 24, 2019 8:55:29 am

"146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor", Musk said in a tweet, adding separately that the orders were achieved without any advertising or paid endorsements.

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Tesla unveils its electric pickup truck. It’s pointy

November 22, 2019 1:20:19 pm

Tesla has unveiled three models of its 'cybertruck': a single-motor rear-wheel-drive for $39,900, a dual-motor all-wheel-drive for $49,900, and a tri-motor all-wheel-drive for $69,900.

passenger car sales, drop in passenger car sale, car sale falls, passenger vehicle sale, automobile news, indian express

BSVI norms implementation will be key: Passenger vehicle registrations up in Oct; numbers may dip again

November 20, 2019 5:41:31 am

With the festive season over and BSVI norms implementation just around the corner, the sales trajectory could dip again, analysts caution.

ford mustang mach e, mustang suv launch, ford motors, los angeles auto show, auto news, indian express

An electric Mustang SUV? Detroit’s big sustainability bet

November 18, 2019 2:12:58 pm

Ford is hoping some of the cachet of the original Mustang will rub off on the new model and boost demand for electric vehicles, which now represent just 2% of the market.

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