Volvo Cars, the Swedish luxury car giant, on Tuesday started rolling out its locally assembled the luxurious XC90 sports utility vehicle (SUV) from its factory near Bangalore to achieve 10 per cent market share over the next three year in Asia’s third biggest economy. At present, it has a 5 per cent market share with a sale of 1,584 unit sales last calendar year in the 35,000-unit luxury car market. It competes with market leader German giant Mercedes-Benz which sold 13,231 cars in calendar year 2016, followed by archrival BMW at 7,861 units and Audi was placed third at 7,742 units.
It’s the battle of German titans in India and Mercedes-Benz has come out trumps.
The car maker, which has launched 10 products this year with two more in the offing, has retained pole position in India’s fiercely competitive luxury car market.
Compatriot and archrival BMW, which once ruled the roost but was pushed to the third rank, has clawed back to occupy the second slot. It has done so at the cost of another compatriot, German luxury car maker Audi, which is now in the third position.
Maruti Suzuki India’s Manesar plant has hosted a number of eminent personalities over the years, but Thursday morning was quite different as the guest was an unwelcome wild beast which brought the big factory to a grinding halt for several hours.
The government is considering certain concessions sought by US technology major Apple Inc for setting up a unit to assemble its flagship iPhones in India.
DIPP secretary Ramesh Abhishek said on sidelines of the India Economic Summit here on Thursday that “there are already 90 phone companies manufacturing handsets in the country. They (Apple) are asking for certain exemptions. The government is considering them.” His reply came to a question on Apple’s proposals with the government on assembling its products and the status thereof.
Audi, India’s second biggest luxury carmaker by sales, on Thursday expanded its India line-up by introducing the second generation all new A5 Sportback, A5 Cabriolet and S5 Sportback at Rs 54.02 lakh, Rs 67.51 lakh and Rs 70.60 lakh, respectively at any showroom in the country.
While the A5 Cabriolet rivals the Mercedes-Benz C 300 Cabriolet, the A5 Sportback will be a more stylish take on the A4 sedan, without any direct rivals at this price point in Asia’s third biggest car market.
Google has unveiled the second generation of its own devices along with an array of entirely new gadgets, plowing the company deeper into a competitive consumer hardware market.
But at its splashy press event in San Francisco, Google executives announced each device with a repetitive focus on its artificial intelligence software. That drumbeat served as a reminder that the tech giant’s hardware strategy centers on keeping its lucrative web services relevant and curbing the threat of rivals.
Mahindra & Mahindra, India’s biggest utility vehicle maker by sales, on Wednesday launched a new W9 variant of its popular SUV Mahindra XUV500 to cash in on the festive season which accounts for about 25 per cent of the total annual car sales in the country.
Priced at Rs 15.45 lakh at Delhi showroom, essentially, Mahindra has loaded the new Mahindra XUV500 W9 and at the same time made it a slightly more affordable. This move is clearly to counter the newfound popularity of the recently launched Jeep Compass in the country.
Expanding its omni-channel strategy in India, Spanish fashion group Mango has opened its first brick-and-mortar store in Delhi, in conjunction with its business partner, Myntra.
Online retailer Myntra has partnered with select retail companies to curate the Barcelona-based group’s offline business in India.
Skoda, the Czech carmaker, on Wednesday introduced the much awaited Skoda Kodiaq, the all-new 7-seater sports utility vehicle or SUV to aggressively push sales during the on-going festival season and beyond.
With the price band of Rs 34.49 lakh at showroom across India, it will take on the likes of other 7-seater SUVs like the popular Toyota Fortuner, Ford Endeavour, Mitsubihi Pajero Sport, Isuzu MU-X and even the smaller Volkswagen Tiguan with which it shares its underpinnings.
Mercedes Benz, India’s largest luxury car manufacturer by sales, on Tuesday expanded its C-Class portfolio with the addition of the new Edition C priced between Rs 42.54 lakh and Rs 46.87 lakh at showrooms pan India to push sales during the on-going festive season.
The Pune-headquartered automobile major has made a series of cosmetic upgrades on the interior and exterior for the new edition cars, which will have exclusive 'Edition C' badges at the rear.