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.
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.
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.
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.
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.
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 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.
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, 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.
Sales of electric autos were double those from the year before, but they were still dwarfed by their fossil-fuel-powered brethren.
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.
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.
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.
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.
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.
Dubai Duty Free Tennis Championships Tournament Director is the only Arab to be re-elected for four consecutive terms
"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.
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.
With the festive season over and BSVI norms implementation just around the corner, the sales trajectory could dip again, analysts caution.
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.